Technology Report: Dell's profit slides 79 percent as it seeks to go private

	Click to View in Browser 05/16/2013 Dell's profit slides 79 percent as it seeks to go private SAN FRANCISCO (Reuters) - Dell Inc, the subject of a takeover battle between activist investor Carl Icahn and the company's billionaire founder, reported a 79 percent slide in profit as personal computer sales continue to shrink. UK lawmakers challenge Google's 'smoke and mirrors' on tax LONDON (Reuters) - Google Inc faced angry questions on Thursday from British lawmakers investigating its tax affairs and whether it had misled parliament in testimony last year, adding fuel to a debate on taxation that has risen to the top of the UK political agenda. New CEO vows Intel will be more responsive in mobile push SAN FRANCISCO (Reuters) - Intel Corp's new CEO Brian Krzanich said on Thursday that under his leadership the top chipmaker will be more responsive to customers in an intensified focus on the fast-growing smartphone and tablet market where it lags its rivals. LulzSec hackers who "wreaked havoc" at Sony jailed in UK LONDON (Reuters) - A group of British hackers who "ran riot" causing millions of dollars of damage to computer networks run by Sony, the CIA and other agencies were sentenced to jail terms on Thursday. Google launches streaming music service ahead of Apple SAN FRANCISCO (Reuters) - Google Inc launched a music service on Wednesday that allows users to listen to unlimited songs for $9.99 a month, challenging smaller companies like Pandora and Spotify in the market for streaming music. NetApp shares soar after report Elliott took 'significant' stake (Reuters) - Shares of NetApp Inc jumped 7 percent on Thursday after Bloomberg cited unidentified sources as saying activist investor Elliott Management has taken a "significant" stake in the company and intends to push for changes to the board and cash return strategy. JANA Partners reveals stakes in Zynga, Groupon BOSTON (Reuters) - JANA Partners, a leading activist hedge fund firm run by Barry Rosenstein, has taken a liking to two of the most beaten-up technology stocks. Cisco profit beats Street, shares rise on outlook NEW YORK (Reuters) - Network equipment maker Cisco Systems Inc posted a higher than expected quarterly profit and said current-quarter revenue could increase, giving some relief to investors who had worried it was being hurt by weak technology spending. Hedge funds shop at Supervalu, sour on Apple NEW YORK (Reuters) - Barry Rosenstein's JANA Partners liked grocery chain Supervalu Inc in a big way in the first quarter, while Philippe Laffont's Coatue Management lost its stomach for the company's shares. Senators struggle with tech industry concerns on U.S. immigration bill WASHINGTON (Reuters) - Senate supporters of a broad U.S. immigration bill struggled on Wednesday to satisfy technology companies that want greater leeway to hire high-skilled foreign workers. Related Video Techquity: Google gets a grilling, Amazon receives praise My worst cyber nightmare Mediafile James Ledbetter Music royalties and Pandora's box John C Abell Samsung Galaxy S4: Size matters, but isn't everything A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend