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Reuters - 1 hour 54 minutes ago
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Nokia surrenders and enlists Microsoft in smartphone war
LONDON/SEATTLE - Nokia's <NOK1V.HE> last-ditch attempt to catch up with Google and Apple by teaming up with Microsoft Corp <MSFT.O> puts them back on the smartphone map, but gives rivals plenty of time to try and widen their lead. Shares of the world's largest cellphone maker plunged 14 percent on fears the decision by new chief executive Stephen Elop to throw in the towel and use Microsoft's Windows Phone software will hammer margins and weaken its position during a tumultuous transition.
Egyptian activist creates image issues for Google
SAN FRANCISCO - A Google Inc <GOOG.O> executive who has become a hero of the Egyptian revolution is public relations gold for the Internet power, but analysts say the company must be careful not to overplay its hand. Google marketing executive Wael Ghonim became the public face of the uprising that led to President Hosni Mubarak handing power to the army on Friday.
Activision says sharper focus will pay off
NEW YORK - A top executive at Activision Blizzard <ATVI.O>, the largest video game publisher in the United States, defended the company's strategy of investing only in a few big hits. Earlier this week, the company said it was disbanding the unit that makes "Guitar Hero" games and canceling the title "True Crime: Hong Kong.
Smartphone makers to woo developers in Barcelona
LONDON - The shotgun marriage of Nokia <NOK1V.HE> and Microsoft's <MSFT.O> smartphone platforms puts software developers center stage at next week's Mobile World Congress and is likely to herald further consolidation. Nokia and Microsoft, the global leaders in mobile phones and software, announced a wide-ranging strategic alliance on Friday that increases their chance of building an iPhone killer -- but it still looks only a slim chance.
Assange lawyer says Swedish PM prejudices case
LONDON - A lawyer for WikiLeaks founder Julian Assange accused Sweden's prime minister on Friday of damaging his client's chances of a fair trial for alleged sex crimes by portraying him as "public enemy number one." Assange's lawyer Geoffrey Robertson, opposing a Swedish bid to extradite the Australian from Britain, said Prime Minister Fredrik Reinfeldt had created a "toxic atmosphere" in Sweden with what he said was an inflammatory statement about Assange.
Groupon pulls controversial Tibet Super Bowl ads
LOS ANGELES - Deal-of-the-day website Groupon has pulled its controversial Super Bowl ads that made light of Tibet's oppression against China's Communist regime. "One thing is clear -- our ads offended a lot of people," admitted founder Andrew Mason on the company's blog Thursday.
Micron upbeat on DRAM and NAND memory prices
SAN FRANCISCO - Micron Technology <MU.O>, the top U.S. maker of memory chips for computers, forecast favorable trends including an uptick in contract prices for DRAM as small players are forced out of the capital intensive industry. Prices for DRAM, used in personal computers and increasingly in mobile devices, have plunged in recent quarters, pressuring small manufacturers without sufficient cash to invest in more efficient technology.
Telus profit surges on data and wireless revenue
TORONTO - Telus Corp <T.TO> posted a 46 percent jump in quarterly profit on Friday, driven largely by strong data and wireless revenue, the Canadian telecoms company said, as it pushes ahead with its Internet television service. But stiff competition in the wireless sector, which provides about half the Vancouver-based company's revenue, meant Telus failed to sign up as many new customers as analysts expected.
Ebay points to PayPal momentum, pledges innovation
SAN JOSE, California - EBay Inc <EBAY.O> thrust its PayPal business into the limelight on Thursday, saying the online payments unit would surpass its main marketplaces division within three to five years as executives cast the Web company as an innovator. Shares of eBay, which over the past two years has sought to shed an image of an Internet has-been, jumped nearly 8 percent during an investor meeting at eBay's San Jose, California headquarters, after executives said PayPal revenue could double by 2013.
Cisco's consumer business group chief to depart
NEW YORK - The head of Cisco Systems Inc's <CSCO.O> consumer business group and the former chief of the "Flip" video camera maker is leaving the company to pursue other opportunities. Jonathan Kaplan, the former CEO of Pure Digital, which Cisco bought for close to $600 million in May 2009, will be leaving Cisco to pursue other career opportunities, Cisco said in a blogpost.
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