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Reuters - Saturday, May 1
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Wounded Nokia chief to face frustrated investors
HELSINKI - Nokia <NOK1V.HE> Chief Executive Olli-Pekka Kallasvuo will next week face shareholders who are frustrated more than ever before. The share price of the world's largest cellphone maker has missed the market recovery. The firm will be one of the few to miss profit growth in 2010, the year of economic recovery, and software problems continue to haunt its smartphone lineup.
Apple's Jobs slams Adobe's Flash technology
SAN FRANCISCO - Apple Inc <AAPL.O> Chief Executive Steve Jobs on Thursday sharply criticized Adobe Systems <ADBE.O> popular Flash multimedia software, calling it unreliable and ill-suited for mobile devices, escalating a pitched battle between the two companies. Analysts said Jobs' pointed, nearly 1,700-word manifesto -- which Apple posted on its website -- helped push Adobe's shares down more than 1 percent, as it highlighted concerns about the future of Flash.
Microsoft shelves Courier, but may re-emerge
SEATTLE - Microsoft Corp <MSFT.O> said on Thursday its "Courier" tablet PC, vaunted by some as a potential rival to Apple Inc's <AAPL.O> iPad, will not be launched as a product, at least not in its current form. The device -- which has never been publicly acknowledged by Microsoft -- appeared to be a thin, twin-screen, pen and touch-operated portable PC that resembled an opened notebook, in photos published by tech blog Gizmodo.
Rosetta Stone suit vs Google dismissed
NEW YORK - Language software maker Rosetta Stone Inc's <RST.N> trademark infringement lawsuit against Google Inc <GOOG.O> has been dismissed by a federal judge. Rosetta has vowed to keep pursuing the case which has broad implications for trademark ownership in the digital age.
Wireless group pushes hunt for spectrum
WASHINGTON - The U.S. wireless industry is pressing a key senator to clear the way for a government study that could accelerate plans to free up airwaves for devices such as smart phones. Senator Tom Coburn, an Oklahoma Republican, has blocked the Senate's spectrum inventory measure from moving through the chamber because he believes the measure will add to the country's budget deficit due to its $22 million price tag.
Russia's Medvedev pushes high-tech project
MOSCOW - President Dmitry Medvedev said on Thursday that Russia must move fast to create a home for innovative companies in high-tech industries, pushing a project he hopes can be a showcase of his presidency. Medvedev urged bureaucrats and business leaders not to waste time in developing a major business park outside Moscow that would provide tax breaks and other state support to companies in a bid to wean Russia away from reliance on energy exports.
Acer to sell new smartphones after HP-Palm deal
TAIPEI - Acer Inc <2353.TW>, the world's No.2 PC vendor, plans to introduce four new smartphone models later this year to help boost profits, a day after rival HP <HPQ.N> set its sights in the fast-growing smartphone market. As the global economy shows more signs of recovery, Acer also said on Thursday it expects new laptop PCs to drive its profit margins higher after posting a 62 percent rise in first-quarter earnings.
Motorola posts profit, smartphone sales rise
NEW YORK - Motorola Inc <MOT.N> reported a surprising quarterly profit on better-than-expected demand for its higher-margin smartphones, so far vindicating its strategy of relying on Google Inc's <GOOG.O> Android software system. Strength in Motorola's other units including network equipment and fewer sales of unprofitable, cheaper phones also bolstered the company's profit.
A job in video games might not be a virtual dream
LOS ANGELES, California - If your dream job is to work in the video game industry then the future is looking brighter with industry players seeing a pick-up in the number of jobs becoming available although salaries remain flat. "Hiring is up from last year, but the market is rough," said Marc Mencher, president of Gamerecruiters.com.
Apple may charge $1 million to display mobile ads: report
- Apple Inc <AAPL.O> may charge about $1 million for displaying advertisements on its mobile devices, the Wall Street Journal said, citing advertisement executives. The rates may be even more to be among the first to advertise, the paper said.
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