The Other Side of Life 24/7: Technology Report: Dell shares fall as investors bet against higher buyout bid

Friday, July 5, 2013

Technology Report: Dell shares fall as investors bet against higher buyout bid

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07/5/2013

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Dell shares fall as investors bet against higher buyout bid

(Reuters) - Shares of Dell Inc fell more than 3 percent on Friday, as investors grew skeptical that founder Michael Dell and Silver Lake Partners will raise their $24.4 billion buyout bid in order to overcome growing opposition.

Governments to target tech giants' tax avoidance: draft

BERLIN/LONDON (Reuters) - Western governments are set to target a range of tax loopholes used by technology giants including Apple, Amazon as part of an international drive to tackle corporate tax avoidance, a draft action plan seen by Reuters said.

BlackBerry investors to turn up the heat on management

TORONTO/NEW YORK (Reuters) - BlackBerry will likely face tough questions about its future at its annual meeting on Tuesday after dismal quarterly results last week triggered a 28 percent plunge in the Canadian smartphone maker's share price.

S&P cuts Nokia rating further on Siemens venture buyout

LONDON, July 5 (IFR) - Standard & Poor's downgraded Nokia further into junk territory on Friday, warning that the Finnish telecom firm's plan to take over Siemens AG's stake in their joint network equipment venture would strain its finances.

Panasonic to buy stake in Slovenia's Gorenje

LJUBLJANA (Reuters) - Japanese consumer electronics firm Panasonic Corp will buy up to 13 percent of Gorenje, one of the biggest household appliance makers in Eastern Europe, as it aims to tap growing demand in the region.

Samsung Electronics' second quarter misses forecast as smartphone worries deepen

SEOUL (Reuters) - Samsung Electronics Co Ltd missed already modest expectations for its quarterly earnings guidance on Friday, deepening worries that its smartphone business may have peaked, as growth in sales of its blockbuster Galaxy phones begins to wane and new rivals emerge to eat away at its market share.

Japan's DoCoMo holds out to iPhone mania, but at what cost?

TOKYO (Reuters) - NTT DoCoMo Inc, Japan's largest mobile provider and a pioneer of the mobile Internet, is one of just a few holdouts among the world's big mobile carriers not offering Apple Inc's iPhone to its 60 million customers.

Rivals to loom large over HTC sales, third-quarter growth seen flat

TAIPEI (Reuters) - HTC Corp may not sustain sales growth into the third-quarter as the glow around the Taiwanese smartphone maker's flagship model is likely to be eclipsed by new products from bigger rivals Apple Inc and Samsung Electronics Co Ltd.

UK teams with defense and telecom companies on cyber security

LONDON (Reuters) - Nine of the world's biggest weapon makers and telecoms providers are teaming up with Britain to bolster the country's cyber security, aiming to tackle the increasing threat of hacking and other such attacks.

Internet sites join July 4 protest against surveillance

(Reuters) - The online community rallied on Thursday in support of live protests against the U.S. government's surveillance of internet activity, a practice recently exposed by a former contractor for the National Security Agency.