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Reuters - 28 minutes ago
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Research firm sees Twitter's ad revenue tripling
SAN FRANCISCO - Twitter is set to triple its advertising revenue this year and could generate $250 million in ad revenue in 2012, according to an industry research firm's projection. The revenue estimates provide one of the first public assessments of the fast-growing Web service's money-making performance and come a month after Twitter was valued at $3.7 billion.
Groupon CEO says exploring IPO; no decision
MUNICH, Germany - Daily deals website Groupon is considering an initial public offering and is in talks with bankers, founder and Chief Executive Andrew Mason told Reuters on Monday. "We've met with a bunch of bankers, we're exploring whether or not it makes sense for us but we haven't made a decision. We're still in the learning phase," Mason said in an interview at the DLD media conference in Munich.
Intel boosts buyback funds as shares underperform
SAN FRANCISCO - Intel Corp <INTC.O> authorized another $10 billion to buy back its shares, which have been under pressure in recent months from concerns that the giant chipmaker is falling behind in the exploding mobile market. Intel earned record profits last year and its gross margins are at record levels, but the company's shares have suffered recently as investors have focused more on tablets and smartphones than on PCs.
Foursquare sees no funding needs this year
MUNICH, Germany - Startup website Foursquare has enough money to last it through to the end of the year and is in no rush for a sale or public offering, despite new competition from Facebook, co-founder Dennis Crowley said. The company, which helps users find friends and local recommendations by "checking in" to show where they are, grew from 100,000 users to more than 6 million in the last year and raised $20 million in a funding round last summer.
BlackBerry program may help RIM defend its turf
TORONTO - Research In Motion <RIM.TO> aims to keep its dominance of the corporate smartphone market by enabling the BlackBerry to segregate a user's personal data from work-related emails and other applications sponsored by employers. A senior RIM executive says the company would soon introduce software that would effectively give users two phones in one. It's part of RIM's strategy to arrest a steady erosion of its leadership in the corporate segment as Apple's <AAPL.O> iPhone and other consumer-friendly devices make inroads.
Toshiba and GlobalFoundries in chip production talks
- Toshiba Corp <6502.T> is hammering out a deal to outsource fabrication of advanced system chips to U.S. firm GlobalFoundries, the Nikkei business daily reported, citing company sources. The two sides are in the final stages of negotiations, Doug Grose, chief executive officer of the American foundry, told the Nikkei in an interview.
HP to phase out Neoview data warehousing product: sources
SAN FRANCISCO - Hewlett-Packard Co <HPQ.N> has decided to stop selling its Neoview data warehousing platform, after it failed to attract enough customers, according to two sources familiar with the matter. Neoview -- launched in 2007 under former HP Chief Executive Mark Hurd -- will no longer be offered to new customers, but HP will continue to support the product through 2014, the sources said.
Social networking leads to sex faster: survey
NEW YORK - Nearly four out of five women and three of five men say they believe texting, Facebook and other social media tools for staying connected cause new couples to jump into bed faster, a survey released on Monday found. However, only 38 percent of women say they have actually slept with a date any sooner because of digital intimacy, according to the 1,200 women and men who participated in the third annual sex survey by Shape and Men's Fitness magazines.
Facebook sees advertising prospects beyond games
MUNICH, Germany - Facebook, recently valued at $50 billion, sees opportunities to extend its advertising business beyond the gaming sector, a company executive said on Monday. Facebook is already challenging big Web businesses such as Google <GOOG.O> and Yahoo <YHOO.O> for users' time online and for advertising dollars, thanks to its audience of more than 500 million users and the information they share.
Huawei sues to alter Motorola-Nokia Siemens deal
NEW YORK - China's Huawei Technologies Co Ltd <HWT.UL> has filed a lawsuit to block Motorola from selling one of its business units to Nokia Siemens Networks, demanding that the $1.2 billion deal be altered to avoid infringing on intellectual property rights. Nokia Siemens is seeking regulatory approval in China for its agreement to buy Motorola's network equipment unit. Huawei wants the deal to exclude any equipment based on widely used GSM and UMTS technology standards.
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US-TECH Summary Reuters - 28 minutes ago
Social networking leads to sex faster: survey Reuters - 28 minutes ago
Huawei sues to alter Motorola-Nokia Siemens deal Reuters - 35 minutes ago
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Toshiba and GlobalFoundries in chip production talks Reuters - 50 minutes ago
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