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Thursday, December 12, 2013

Technology Report: Adobe's first-quarter forecast misses estimates; shares fall

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12/12/2013
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Adobe's first-quarter forecast misses estimates; shares fall
(Reuters) - Adobe Systems Inc, the maker of Photoshop and Acrobat software, forecast current-quarter results below analysts' estimates, sending its shares down as much as 5 percent in extended trading.
Wireless carriers, FCC agree on 'unlocking' cellphones
WASHINGTON (Reuters) - U.S. wireless carriers will make it easier for consumers to "unlock" their mobile phones for use on a competitor's network, Federal Communications Commission Chairman Tom Wheeler said on Thursday.
Cisco cuts long-term revenue, earnings target
NEW YORK (Reuters) - Cisco Systems Inc on Thursday cut its longer-term earnings and revenue growth targets due to problems in emerging markets, conservative customer spending and stalling growth in its core business of network equipment, the latest in a drumbeat of bleak developments at the Silicon Valley company.
Instagram unveils private photo-sharing, messaging
NEW YORK/SAN FRANCISCO (Reuters) - Photo-sharing service Instagram unveiled a new feature Thursday that allows users to send images and messages privately, as the Facebook-owned company sought to bolster its appeal among younger consumers who are increasingly using mobile messaging applications.
Apple says death at Pegatron unrelated to working conditions
TAIPEI/SAN FRANCISCO (Reuters) - The death of a 15-year-old worker was not caused by working conditions at a Pegatron Corp factory, according to medical exports sent to the factory by Apple Inc.
High-profile venture capitalists cut back roles at Accel Partners
SAN FRANCISCO (Reuters) - Two of Silicon Valley's most respected venture capitalists are cutting back their roles at Accel Partners, the big-name firm best known for its early investment in Facebook.
TrueCar gets $30 million from Paul Allen's Vulcan Capital
(Reuters) - TrueCar.com, a car pricing information website, said it received a $30 million investment from Microsoft Corp co-founder Paul Allen's Vulcan Capital.
Court allows HTC to sell One Mini phone in UK
LONDON (Reuters) - Taiwan smartphone maker HTC Corp said it would be able to sell its One Mini smartphone in Britain after the Court of Appeal temporarily suspended an earlier ruling banning sales of the phone due to a patent infringement.
EU to open lengthy probe into Telefonica, KPN deal: sources
FRANKFURT/BRUSSELS (Reuters) - EU antitrust regulators will open an in-depth probe into Telefonica's proposed 8.6 billion euro ($11.9 billion) takeover of KPN's German unit next week, three people familiar with the matter said on Thursday.
India to allow Nokia to transfer Chennai factory to Microsoft
NEW DELHI/HELSINKI (Reuters) - Nokia has won an appeal to release a local factory seized by authorities in a tax dispute, allowing the transfer of the plant as part of the sale of its mobile phone business to Microsoft.
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