HP to cut 27,000 jobs to save up to $3.5B annuallyHewlett-Packard Co. plans to cut 27,000 jobs as the growing popularity of smartphones, the iPad and other mobile devices makes it tougher for the company to sell personal computers.
Jury: Google didn't infringe on Oracle patentsA federal jury ruled Wednesday that Google didn't infringe on Oracle's patents when the Internet search leader developed its popular Android software for mobile devices.
Web series touts funky concept snowboardsIn the summer of 2010, Signal Snowboards created the Web series "Every Third Thursday" to showcase the company's experimentation with funky concept boards. Think Science Channel’s “How It’s Made” — except with a lot more sass and a funkier setting.
Incredibly wealthy Silicon Valley exec arrested for complicated high-tech Lego theft at TargetWas it compulsion, a desire to beat the system, or just pure greed? Authorities — and indeed, the public at large — are struggling to understand the "why" behind a complicated theft scheme where wealthy Silicon Valley executive Thomas Langenbach … Continue reading →
MIT and Harvard in battle to create life-changing product: Non-stick ketchup bottlesIt's the world's biggest non-problemic problem: getting the last bit of ketchup out of the jar. Ketchup is so viscous, and it seems so eager to stick to glass and plastic. But leave it to students at the Massachusetts Institute of … Continue reading →
HP to Cut 27,000 JobsHewlett-Packard said on Wednesday it was going to lay off 27,000 of its workers over the next year and half in a broad restructuring effort aimed at making the company leaner and more profitable. The news comes alongside HP's quarterly results which showed profits down more than 30%.
Play on: Google posts synthesizer tribute to MoogBob Moog's synthesizer helped change the sound of modern music. On what would have been his 78th birthday, Google is paying tribute to the man with a virtual version of his famous Moog on their homepage — and it's completely playable.
Scotland Yard deploys mobile fingerprint devicesScotland Yard says it's equipping its police officers with handheld fingerprint devices, something the force says will help identify suspects in a matter of seconds.
Facebook stock climbs, but company faces lawsuitsFacebook's fourth day of trading as a public company brought shareholder lawsuits, and an increase in the company's stock price as the fallout continued from the social network's botched initial public offering.
Japanese video game author wins Spanish prizeJapan's Shigeru Miyamoto, considered the father of the modern video game, has been awarded Spain's Prince of Asturias Award for Communication and Humanities.
Stitcher Radio - News and Talk keeps you tuned inAndroid has a plethora of podcast radio apps so it can become overwhelming trying to find the perfect one. Even Google has dipped its toes in the Internet broadcasting phenomenon with their app, Listen. Unfortunately, the search giant’s offering has its own shortcomings. Featuring an intuitive layout, radio discovery app Stitcher provides a great alternative for your favorite podcasts and radio.
How consumer-electronics makers are faringA look at how selected makers of phones and other consumer-electronic gadgets are faring:
Facebook stock climbs, but company faces lawsuitsFacebook's fourth day of trading as a public company brought shareholder lawsuits, and an increase in the company's stock price as the fallout continued from the social network's botched initial public offering.
Congressional panels reviewing Facebook IPO issuesWASHINGTON (Reuters) - The U.S. House and Senate committees that oversee financial sector matters are planning to look into the issues surrounding Facebook Inc's initial public offering, aides to both committees said on Wednesday. Sean Oblack, a spokesman to the Senate Banking Committee, said the review will focus on "issues raised in the news" and that staff will be conducting briefings with "Facebook, regulators and other stakeholders. ...
A look at recent tech-industry earningsHere is a summary of recent earnings and reports for selected technology companies and what they reveal about the state of spending and the overall economy:
How chips, PCs, services companies are faringA look at how selected companies providing computers, components, services and related software are faring:
Scotland Yard deploys mobile fingerprint devicesScotland Yard says it's equipping its police officers with handheld fingerprint devices, something the force says will help identify suspects in a matter of seconds.
Prices of Facebook stock since long-awaited IPOFacebook Inc. began trading publicly last Friday following one of the most anticipated stock offerings in history. The initial public offering of stock priced at $38 a day earlier. It was at the top end of a projected range that Facebook had already increased just days earlier.
Facebook may move shares to NYSEFacebook is in talks with the New York Stock Exchange to move its stock from the Nasdaq Stock Market after a botched initial public offering on Friday, according to a person familiar with the matter.
Europe weighs on NetApp's outlook, stock slumpsSAN FRANCISCO (Reuters) - NetApp Inc forecast revenue below expectations and its CEO warned he is cautious about the outlook for business in Europe, sending the data storage equipment maker's shares down nearly 22 percent in after-hours trade. NetApp's report Wednesday came a day after Dell Inc posted disappointing quarterly results that heightened concerns about cautious IT spending, sending tech stocks sharply lower. "The EMEA (Europe, Middle East, Africa) story is one of uncertainty. ...
Major decisions under new HP CEO Meg WhitmanMeg Whitman became CEO of Hewlett-Packard Co. in September, replacing Leo Apotheker, who was fired after less than a year on the job. Here are some major decisions under her leadership:
HP to lay off about 27,000, profit slides 31 percentSAN FRANCISCO (Reuters) - Hewlett Packard Co said on Wednesday it would lay off roughly 27,000 employees or about 8 percent of its workforce to jumpstart growth, and its shares rose 11 percent. The company said the layoffs would be made mainly through early retirement and would generate annual savings of $3 billion to $3.5 billion as it exits fiscal year 2014. The world's No. ...
Hewlett-Packard's employment count over the yearsHewlett-Packard Co.'s payroll has grown over the past decade, partly because of its purchase of computer maker Compaq in 2002 and technology-services provider Electronic Data Systems in 2008.
Key moments in Hewlett-Packard's recent historyOn Wednesday, Hewlett-Packard Co. announced plans to cut about 8 percent of its work force, or 27,000 workers, by October 2014. It comes as the maker of personal computers struggles to compete with mobile devices.
HP to cut 27,000 jobs to save up to $3.5B annuallyHewlett-Packard Co. plans to cut 27,000 jobs as the growing popularity of smartphones, the iPad and other mobile devices makes it tougher for the company to sell personal computers.
NetApp's shares tumble on weak 1Q forecastsShares of NetApp Inc. tumbled in aftermarket trading Wednesday after the data storage management system maker forecast a disappointing fiscal first quarter, citing "increasing uncertainty" in the global economy.
Expedia shares rose on signs of growth in EuropeExpedia Inc.'s shares rose Wednesday after an industry report showed that the online travel company may be making gains in Europe.
Play on: Google posts synthesizer tribute to MoogBob Moog's synthesizer helped change the sound of modern music. On what would have been his 78th birthday, Google is paying tribute to the man with a virtual version of his famous Moog on their homepage — and it's completely playable.
Facebook’s record-breaking IPO put into perspectiveFacebook made its initial public offering last Friday and while it didn’t go as smoothly as many had hoped, the offering was still the largest of its kind. Facebook stock began trading at $42 on Friday before closing just above $38, the IPO price set by bankers the night before. The stock has since slid further, touching $30 in pre-market trading on Wednesday morning, and media coverage has turned sour as investors continue to balk. All things considered, however, the $16 billion Facebook raised on Friday smashed Google’s earlier record by more than eight times and made Facebook’s offering the biggest in Internet IPO history. To put things in perspective as Facebook’s stock battles to climb back to the $38 mark
Pandora Media raises outlook as more people tune in(Reuters) - Online streaming music service Pandora Media Inc reported better-than-expected revenue and raised its full-year guidance as more people tuned in. The stock climbed 13 percent in extended trading after closing at $10.33 on Wednesday. "We are making excellent progress on all fronts - consumer adoption continues at an extraordinary pace," Pandora Chief Executive Joe Kennedy said in an interview with Reuters. Pandora raised its full-year revenue outlook to a range of $420 million to $427 million from a previous forecast of $410 million to $420 million. ...
HP still leads: Top 5 makers of personal computersHewlett-Packard Co. remains the world's largest maker of personal computers, but the business is slowing with the rise of smartphones and other mobile devices. HP announced Wednesday that it will cut 8 percent of its work force by October 2014. HP has said it will use savings to invest in growing businesses.
Stitcher Radio - News and Talk keeps you tuned inAndroid has a plethora of podcast radio apps so it can become overwhelming trying to find the perfect one. Even Google has dipped its toes in the Internet broadcasting phenomenon with their app, Listen. Unfortunately, the search giant’s offering has its own shortcomings. Featuring an intuitive layout, radio discovery app Stitcher provides a great alternative for your favorite podcasts and radio.
Dell's strategy questioned as shares dive(Reuters) - Shares of Dell Inc plunged 17 percent Wednesday after a disappointing revenue forecast spurred fears that global tech spending is weakening faster than anticipated and raised doubts about the PC maker's strategy. The stock plunge erased more than $4 billion in the company's market cap. Rival PC maker Lenovo Group Ltd , which reported results overnight that benefited from its dominance in the rapidly expanding Chinese market, fueled concerns after warning that it too saw a slowdown in U.S. and European corporate spending on PCs. Shares of global leader Hewlett Packard Co closed 3. ...
Apple: U.S. e-book lawsuit "fundamentally flawed"(Reuters) - Apple Inc is rejecting charges that it conspired to fix prices of electronic books, calling the U.S. government's antitrust lawsuit a "fundamentally flawed" endeavor that could discourage competition and harm consumers. In a filing in U.S. District Court in Manhattan late Tuesday, Apple said it has not conspired with anyone or fixed prices for e-books in an effort to thwart Amazon.com Inc's dominance of that fast-growing market. ...
HP laying off 27,000 workers in restructuringHewlett-Packard says it's laying off 27,000 workers, 8 percent of its work force, as it restructures the business.
Obama orders agencies to shift services to mobile appsWASHINGTON (Reuters) - President Barack Obama, hoping to spur U.S. innovation in the explosive field of mobile communications, on Wednesday ordered all major federal agencies to make many more of their services available on mobile phones within the next year. "Americans deserve a government that works for them anytime, anywhere, and on any device," Obama said in a statement. ...
HP beats the Street in Q2; confirms plans to cut 27,000 jobs as Q3 guidance missesHewlett-Packard on Wednesday reported its second-quarter earnings that beat Wall Street’s expectations. Analysts expected the computer giant to report revenue of $29.92 billion and earnings of $0.91 per share, but the company surprised analysts when it reported earnings of $0.98 per share on sales of $30.69 billion. HP also confirmed new restructuring plans that will involve 27,000 job cuts, or 8% of the company’s workforce, and it expects to save more than $3 billion as a result. “We are making progress in our multi-year effort to make HP simpler, more efficient and better for customers, employees, and shareholders,” said Meg Whitman, HP president and chief executive officer. “This quarter we exceeded our previously provided outlook and are executing against our strategy, but
Lawsuits pile up over Facebook IPOLawsuits piled up Wednesday against Facebook, its underwriters and the Nasdaq exchange as furious investors sought to recover losses after the company's $16 billion IPO debacle.
Jury deals blow to Oracle in case vs. GoogleSAN FRANCISCO (Reuters) - Google Inc's Android mobile platform has not infringed Oracle Corp's patents, a California jury decided, putting an indefinite hold on Oracle's quest for damages in a legal fight between the two Silicon Valley giants over smartphone technology. The verdict was delivered on Wednesday in a San Francisco federal court. The same jury could not unanimously agree on the copyright allegations earlier in the case, though the jury foreman told reporters on Wednesday that the final vote on a key copyright issue heavily favored Google. ...
Jury: Google didn't infringe on Oracle patentsA federal jury ruled Wednesday that Google didn't infringe on Oracle's patents when the Internet search leader developed its popular Android software for mobile devices.
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