Technology Report: Intel picks insider as CEO, dashing hopes for shakeup

	Click to View in Browser 05/2/2013 Intel picks insider as CEO, dashing hopes for shakeup SAN FRANCISCO/NEW YORK (Reuters) - Intel Corp's board elected three-decade insider Brian Krzanich as its next chief executive, disappointing some investors looking for aggressive change as the world's largest chipmaker increasingly finds itself left out of the mobile revolution. LinkedIn second-quarter revenue forecast falls short of targets SAN FRANCISCO (Reuters) - LinkedIn Corp forecast second-quarter revenue that fell short of expectations, sending its shares down roughly 8 percent in after hours trading on Thursday. Twitter hires Morgan Stanley banker with IPO, M&A background SAN FRANCISCO (Reuters) - Twitter has hired Cynthia Gaylor from Morgan Stanley to run its corporate development team, bringing in a veteran investment banker with experience in acquisitions and initial public offerings. Facebook's mobile business expands in first quarter (Reuters) - Facebook Inc's mobile advertising revenue growth gained momentum in the first three months of the year as the social network sold more ads to users on smartphones and tablets, partially offsetting higher spending which weighed on profits. Siemens curbs outlook on weak industry demand FRANKFURT (Reuters) - German industrial bellwether Siemens AG lowered its profit outlook for this year due to weak demand from industry and delays in delivering high speed trains and connecting offshore wind farms. Harman International raises full-year forecast; shares rise (Reuters) - Audio systems maker Harman International Industries Inc, whose brands include JBL and Harman Kardon, raised its earnings forecast for the year ending June, and said it will shift more jobs to lower-cost countries in the next five years. Chipmaker Infineon says auto orders help lift outlook FRANKFURT (Reuters) - German chipmaker Infineon brightened its gloomy outlook for this year, citing orders from carmakers hoping sales of higher-spec models in China will offset flagging demand in Europe. Lehman Brothers sues Intel over $1 billion in seized collateral (Reuters) - Bankrupt investment bank Lehman Brothers has sued Intel Corp, accusing the chip maker of seizing $1 billion in collateral in breach of a swap agreement, a court filing showed. Dish chairman asserts U.S. advantage in Sprint bid NEW YORK (Reuters) - Dish Network Corp Chairman Charlie Ergen escalated the war of words with Japan's SoftBank Corp over the future of U.S. mobile company Sprint Nextel Corp, saying Sprint's network needed modernization best performed by English-speaking employees from a U.S. company. HTC marketing blitz to squeeze 2013 margins TAIPEI (Reuters) - Taiwanese smartphone maker HTC Corp will struggle to improve its margins this year as it increases marketing spend for its latest model in a bid to catch up to rivals Samsung Electronics Co Ltd and Apple Inc. Related Video Decades-old stroke damage reversible with oxygen therapy, say researchers Behind Apple's savvy tax moves Mediafile John C Abell Blackberry Q10: The key is the keyboard 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