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Reuters - 25 minutes ago
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LinkedIn plans to go public in 2011: sources
NEW YORK - LinkedIn, the social networking site for professionals, plans to go public in 2011 and has selected its financial underwriters, three sources familiar with the process told Reuters. Morgan Stanley <MS.N>, Bank of America <BAC.N> and JPMorgan <JPM.N> are among the book runners, these sources said. Bankers made their pitches to the privately-held company in November, one of the sources said.
RIM announces 4G PlayBook tablet
LAS VEGAS - Corporate interest in Research in Motion's <RIM.TO> new tablet was "massive," the company said, as it announced plans to launch a 4G version of the device this summer with Sprint Nextel <S.N>. RIM for the first time on Wednesday provided a hands-on demonstration of the PlayBook, a seven-inch touchscreen tablet that will go head-to-head with Apple's <AAPL.O> iPad when the Wi-Fi-only version ships, likely in March.
Motorola gadget to make smartphones like computers
NEW YORK - It's dumb and it's called a lapdoc but Motorola Mobility <MMI.N> bets consumers will want to use this gadget to make their smartphones work more like real computers and help Motorola stand out from the crowd. The company that invented the cellphone unveiled the Atrix 4G phone, which will attach to a new type of accessory called a lapdoc -- a "dumb" device that looks like a laptop computer but does not work without the phone attached. It has a laptop size screen and a keyboard aimed at better Web browsing, video viewing and typing than on a phone.
Nvidia's new mobile chips in Acer, Dell devices
SAN FRANCISCO - Nvidia's <NVDA.O> new Tegra 2 mobile chips are in tablets and smartphones made by Motorola, LG, Dell <DELL.O>, Acer <APR.CN>, Asus and Toshiba Corp <6502.T>, a spokesman for the graphics processor designer said. Shares of Nvidia rose nearly 13 percent on optimism about its chip, which faced setbacks in development, and after news that it is teaming up with ARM <ARM.L> to take on semiconductor giant Intel's <INTC.O> dominance of personal computers.
Apple launches app store for Macs, a la iPhone
LAS VEGAS - Apple Inc <AAPL.O> is launching an applications store for Mac computers, replicating a model that proved wildly popular on its iPhones. Apple is hoping to capitalize on Macs' surging sales as it aims to change the way software is sold for its computers -- centralizing distribution, simplifying discovery and leaving Apple as a gatekeeper of sorts.
Microsoft sold over 8 million Kinects in 60 days: CEO
LAS VEGAS - Microsoft Corp <MSFT.O> sold more than 8 million of its Xbox Kinect motion-sensing game system in its first 60 days since launch, outpacing its target of 5 million and outshining Sony Corp's <6758.T> competing Move. The Japanese electronics maker sold 4.1 million units of its Move, which like the Kinect tracks body gestures for video games, in its first two months. However, that figure did not take into account the peak December holiday shopping month.
Microsoft links up with ARM in new tablet drive
LAS VEGAS - Microsoft Corp is taking its biggest step away from a long-standing, lucrative alliance with Intel Corp, teaming up with Britain's ARM Holdings to take on Apple Inc in the red-hot tablet and smartphone arena. Microsoft <MSFT.O>, the second-largest U.S. technology firm, plans to design a Windows operating system compatible with chips designed by ARM <ARM.L><ARMH.O>, an Intel <INTC.O> rival and the dominant producer of chips for smartphones and tablet computers.
Analysis: Microsoft embrace boost for ARM, worry for Intel
LONDON - Microsoft's <MSFT.O> move to make its Windows software compatible with chips designed by ARM <ARM.L> throws open computer markets previously dominated by Intel. The move is seen as an overdue acknowledgement by Microsoft that computing is moving away from the desktop, dominated by Intel's chips, to mobile devices, where power-efficient ARM microprocessors have a clear lead.
Beatles being paid directly by iTunes in deal
NEW YORK - It seems that the EMI/Beatles deal that finally brought the Fab Four's catalog to iTunes may be more groundbreaking than originally thought. According to industry sources, iTunes is paying the Beatles' royalties from digital download sales in the United States directly to the band's company, Apple Corps, and is paying the songwriting mechanical royalties directly to Sony/ATV Music Publishing, which controls most of the Beatles' song catalog.
GameStop's holiday sales disappoint, shares drop
NEW YORK - GameStop Corp's <GME.N> same-store sales during the holiday shopping season rose a less-than-expected 3.4 percent, sending its shares lower on Thursday. "We'll have to sort out the market reaction. I'm not sure what that means ... but in general we're hearing favorable things," GameStop's Chief Executive Paul Raines said in an interview.
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Other News on Friday, 7 January 2011 France fears 'economic war' after Renault spy scandal
US-TECH Summary
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