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Thursday, February 14, 2013

Technology Report: Big hedge funds fueled Apple's fourth-quarter share plunge

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02/14/2013
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Big hedge funds fueled Apple's fourth-quarter share plunge
BOSTON (Reuters) - Some of the biggest hedge funds that helped make Apple Inc a stock market darling lost faith and dumped their stakes in the fourth quarter, fueling the massive drop in the iPhone maker's share price.
Apple's search technology lawsuit against Samsung may go on hold
SAN JOSE, California (Reuters) - A U.S. judge on Thursday asked Apple Inc and Samsung Electronics Co Ltd whether an Apple patent lawsuit over search technology should be put on hold for several months until after an appeals court resolves a separate lawsuit between the two companies.
Dell CEO agreed to lower shares' value to push $24 billion buyout
SAN FRANCISCO (Reuters) - Dell Inc Chief Executive Michael Dell, aiming to clinch a $24.4 billion deal to take the No. 3 PC maker private, agreed to value his 16 percent stake in the company at about 2 percent below the price offered to other shareholders, company filings on Thursday showed.
Egyptian regulator appeals against court's YouTube ban
CAIRO (Reuters) - Egyptian authorities appealed on Thursday against a court order banning the video file-sharing site YouTube for a month over an amateur video that denigrates the Prophet Mohammad, saying the ruling was unenforceable.
Discovery Communications' profit misses Wall Street view
(Reuters) - Discovery Communications Inc reported a bigger-than-expected drop in quarterly earnings, overshadowing a rise in advertising sales at its cable channels.
Flextronics woos startups with Silicon Valley tech center
MILPITAS, California (Reuters) - Moving ideas from sketches on napkins to factory floors is often the toughest stage for a startup entrepreneur. Flextronics International Ltd thinks it can help with that.
U.S.-based inventors lead world in nanotechnology patents: study
(Reuters) - Inventors based in the United States led the world in nanotechnology patent applications and grants in 2012, according to a new study by law firm McDermott Will & Emery.
BlackBerry shares slip after former CEO Balsillie sells stake
TORONTO (Reuters) - Shares of Blackberry slipped on Thursday, after the company's former Co-Chief Executive Officer Jim Balsillie disclosed that he had sold his once-sizable stake in the embattled smartphone maker.
Apple challenges loss of iPhone trademark in Brazil
RIO DE JANEIRO (Reuters) - Apple Inc, which lost the rights to its iPhone trademark in Brazil on Wednesday, is challenging the ruling by Brazil's copyright regulator to prevent local firm Gradiente Eletronica SA from using the "iphone" brand name.
Instagram asks court to throw out lawsuit over service terms
(Reuters) - Facebook's Instagram photo sharing service asked a federal court on Wednesday to throw out a lawsuit filed against the popular app over changes to its terms of service.
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