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Wednesday, July 31, 2013

Technology Report: SEC investigating IBM over cloud revenue

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07/31/2013
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SEC investigating IBM over cloud revenue
NEW YORK (Reuters) - U.S. regulators are investigating how International Business Machines Corp reports revenue from its cloud computing business, the company said on Wednesday.
Dell's buyout teeters as it rejects voting change
NEW YORK (Reuters) - Michael Dell's and Silver Lake's $24.4 billion bid to take Dell Inc private suffered a blow on Wednesday after the company's special committee rejected their request to change the voting rules in exchange for them offering $150 million more.
Chinese hackers target remote conferencing gear: Dell researchers
SAN FRANCISCO (Reuters) - A Chinese hacking group tied to the breach of security company RSA two years ago has targeted a maker of audio-visual conference equipment in a likely attempt to tap into boardroom and other high-level remote meetings.
U.S., China team up to seize counterfeit goods in joint operation
WASHINGTON (Reuters) - The United States and China have joined forces in a combined operation to crack down on counterfeit goods, seizing more than 243,000 fake electronics products, including popular consumer items made by Apple, Samsung, Dr Dre and Blackberry.
Fidelity Contrafund sours on Apple, bolsters Tesla bet
BOSTON (Reuters) - Fidelity Contrafund manager Will Danoff cut his stake in Apple Inc 28 percent during the first half of the year, citing the iPhone maker's "slowing growth profile."
NBC Universal's fortune reversal lifts Comcast results
(Reuters) - Comcast Corp posted a higher quarterly profit on Wednesday, as it added more Internet customers than expected on the cable side and saw a more than 20 percent increase in operating cash flow at its NBC Universal unit.
Ex-NCAA athletes score court victory over EA video games
(Reuters) - A divided U.S. federal appeals court rejected Electronic Arts Inc's effort to throw out a lawsuit by former collegiate athletes who accused the company of using their images in video games without permission.
Apple CEO met China Mobile head, discussed cooperation
BEIJING/SINGAPORE (Reuters) - Apple Inc CEO Tim Cook on Tuesday met with the head of China Mobile Ltd, the world's largest mobile carrier by subscribers and the only Chinese carrier that doesn't offer iPhones and iPads.
Music streamer Spotify doubles 2012 revenues after expansion
STOCKHOLM (Reuters) - Music streaming web service Spotify more than doubled revenues in 2012 to 435 million euros ($577 million) as it expanded to new markets and almost doubled its users, documents showed on Wednesday.
Nintendo keeps 2013/14 Wii U sales forecast unchanged at 9 million
TOKYO (Reuters) - Nintendo Co said on Wednesday it has kept its Wii U game machine sales forecast for the year through March 2014 unchanged at 9 million consoles, although sales during the April-June first quarter were a modest 160,000 machines.
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