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US-TECH Summary
Reuters - Thursday, April 23
Echelon, T-Mobile USA form smart meter alliance
NEW YORK - Smart power grid company Echelon Corp <ELON.O> and T-Mobile USA <DTEG.N> said on Thursday they had formed an alliance to use T-Mobile's wireless network to link "smart meters" to utilities. T-Mobile will provide embedded SIMs inside a cellular radio module in Echelon's smart meters, which collect power usage and other data for the company's network.
MySpace co-founder DeWolfe to step down
NEW YORK - Rupert Murdoch's News Corp <NWSA.O> said on Wednesday that MySpace co-founder Chris DeWolfe will not be renewing his contract and will step down from the chief executive post. DeWolfe will continue to serve on the board of MySpace China and be a strategic advisor to the company, News Corp said in a statement. It said the decision was "by mutual agreement."
Apple profit beats expectations on iPhones, iPods
SAN FRANCISCO - Apple Inc's <AAPL.O> quarterly profit soared past Wall Street expectations on strong sales of iPhones and iPods, underscoring the popularity of the company's relatively expensive products even in the midst of a weak economy. Known for giving conservative outlooks, Apple projected profit and revenue for the current quarter below average Wall Street estimates, but that did not discourage investors, who drove its shares up 3 percent after-hours on Wednesday.
No quick cybersecurity fix seen
SAN FRANCISCO - The intelligence expert who prepared a still-secret study on cybersecurity for President Obama said on Wednesday the danger of attacks on U.S. computer networks cannot be fixed easily or quickly. "Cyberspace won't be secured overnight and on the basis of one good plan," Melissa Hathaway told the nation's largest conference of private security experts, RSA. "This is a marathon, not a sprint."
EBay beats Street view, shares rise
SAN FRANCISCO - EBay Inc <EBAY.O> beat Wall Street expectations on earnings and revenue on Wednesday thanks to cost cuts and solid growth at its Skype telephone and PayPal payments divisions, sending its stock higher. But the e-Commerce giant that helped pioneer the Internet auction suffered a lower quarterly net profit, sales and margins because a stronger U.S. dollar hurt international sales and a waning global economy hit its core marketplaces arm.
Get SMS-ing, U.S. tech execs urge Web-starved Iraq
BAGHDAD - Rather than wait for decent broadband and Internet access to arrive in their war-battered nation, Iraqis can use an abundance of cell phones to exploit the Web, a group of U.S. technology executives urged on Wednesday. The executives from Google Inc <GOOG.O>, AT&T Inc <T.N>, Twitter and other high tech companies paid a visit to Iraq this week, under the auspices -- and heavy protection -- of the U.S. State Department.
Samsung aims to more than double notebook PC sales
SEOUL - South Korea's Samsung Electronics <005930.KS> said on Thursday it aimed to more than double its notebook computer sales this year. Samsung said in a news conference that it aimed to sell 5 million notebook computers in 2009, up from 2 million sold in 2008. It is also aiming to place as high as No. 7 in the global notebook sales ranking this year, after being ranked 10th last year.
VMware software sales fall
BOSTON - Business software maker VMware Inc <VMW.N> warned that its revenue would dramatically miss Wall Street forecasts due to the weak economy and a new product launch, sending its shares down 14 percent. The 11-year-old maker of virtualization software posted on Wednesday its first-ever decline in quarterly software sales and said the impact of the recession would be exacerbated this quarter by pains associated with a major product upgrade.
Microsoft judge says oversight process at "much better place"
WASHINGTON - The judge overseeing Microsoft's <MSFT.O> antitrust settlement extended her monitoring of the software giant by 18 months on Wednesday, while noting the oversight was at a "much better place" than a few months ago. Microsoft, the U.S. Justice Department and states involved in the settlement had previously agreed that some portions of federal antitrust oversight should be extended by 18 months, to May 12, 2011.
"Marley & Me" top dog in video sales
LOS ANGELES - The hit family feature "Marley & Me" regained the No. 1 slot on the national home video sales chart during the week ended April 19, while "The Day the Earth Stood Still" held on to the top spot on the national video rental chart for a second consecutive week. "Marley & Me" debuted at No. 1 three weeks ago, then slipped to No. 5 its sophomore week.
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Cyber crooks hot on heels of computer users: ChambersAFP - 2 hours 20 minutes ago
Apple under fire over iPhone 'Baby Shaker'AFP - 2 hours 45 minutes ago
US cyberspace head says security needs team effortAFP - Thursday, April 23
CORRECTED: MySpace might replace co-founder DeWolfe: reportsReuters - Thursday, April 23
Related Articles: Technology
Cyber crooks hot on heels of computer users: ChambersAFP - 2 hours 20 minutes ago
Apple under fire over iPhone 'Baby Shaker'AFP - 2 hours 45 minutes ago
US-TECH SummaryReuters - Thursday, April 23
"Marley & Me" top dog in video salesReuters - Thursday, April 23
Echelon, T-Mobile USA form smart meter allianceReuters - Thursday, April 23
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