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Jan 21, 2011

Facebook to unveil financials, raises $1.5 billion

SEATTLE (Reuters) – Facebook is preparing to open its books this year or early in 2012 to give investors a glimpse into the financial workings of the world’s No. 1 social network, after it sealed an oversubscribed $1.5 billion round of financing led by Goldman Sachs.

The financing, $1 billion of which is from Goldman Sachs’ overseas clients and $500 million from Goldman itself and Russian investment firm Digital Sky Technologies, gives the company a projected value of $50 billion, setting the stage for what could be one of the largest initial public offerings next year.

Jan 21, 2011

Google visionary Larry Page back in the CEO saddle

SEATTLE (Reuters) – Larry Page once built an inkjet printer entirely out of Lego bricks. And now that Google is all grown up, it just might need that youthful ingenuity again.

Page’s return as chief executive of the company he co-founded 13 years ago is a sign that the maturing Internet giant is looking to recapture its original feel and edge.

Jan 21, 2011

Google visionary Page back in the CEO saddle

SEATTLE (Reuters) – Larry Page once built an inkjet printer entirely out of Lego bricks. And now that Google is all grown up, it just might need that youthful ingenuity again.

Page’s return as chief executive of the company he co-founded 13 years ago is a sign that the maturing Internet giant is looking to recapture its original feel and edge.

Jan 20, 2011

Seagate sales, profit fall; shares decline

SEATTLE, Jan 19 (Reuters) – Seagate Technology Plc (STX.O: Quote, Profile, Research, Stock Buzz)
reported sharply lower quarterly profit on flagging demand for
its computer hard drives and forecast a dip in profit margins
this quarter as selling prices continue to erode.

The world’s largest hard drive disk maker, which was in
ultimately unfruitful discussions with private equity firms
over a potential $9 billion takeover late last year, said it
was considering a regular dividend, in addition to a massive
share buyback plan announced in November, to reward
shareholders.

Jan 17, 2011

Apple COO Cook steps up, again

SEATTLE (Reuters) – Steve Jobs’ third medical leave from Apple Inc ushers in a third stint in charge for his No. 2 Tim Cook, the low-profile but highly regarded executive tipped to lead the company one day.

The 50-year-old Alabama native, who has been at the company since 1998, was seen as a safe bet to run Apple’s day-to-day operations while Jobs was away for medical reasons in 2009. During that time, the company prospered and its stock jumped 60 percent.

Jan 10, 2011

Microsoft shakeup continues, server unit head exits

SEATTLE (Reuters) – Chief Executive Steve Ballmer has ousted the head of Microsoft Corp’s third-largest unit, marking the latest in a series of high-level departures as the software company tries to regain its leadership in the technology sector.

Overtaken by Apple Inc as the world’s most valuable tech company last year, and stung by a stagnant stock price for the last decade, Microsoft has been shaking up its top leadership for several years.

Jan 9, 2011

Act natural, and take your hands off the device

LAS VEGAS, Jan 9 (Reuters) – Tech visionaries have long
dreamed of the day when PCs, TVs and phones can be controlled
with a wave of the hand or even the blink of an eye.

“Natural user interface” technologies on display at last
week’s Consumer Electronics Show suggest that vision is inching
closer to the mainstream — tearing down barriers between user
and device, and dispensing with unwieldy keyboards and
remotes.

Jan 7, 2011

Growing pains, hiccups greet tech’s old guard

LAS VEGAS (Reuters) – Nvidia Chief Executive Jen-Hsun Huang learned firsthand how pervasive — and demanding — mobile devices can be.

When he tried to demonstrate a tablet computer at the Consumer Electronics Show on Wednesday, so many people in the audience had their devices connected to the Web that the network collapsed and his presentation short-circuited after a few minutes.

Jan 6, 2011
via MediaFile

Closer look at Google’s Honeycomb

Google stole the show from Verizon at the opening keynote at CES, showing off its new Honeycomb software, the first version of the Android operating system specifically designed for tablets.

Android developer Mike Cleron wowed a packed hall with a quick spin around its features, including a new-look home screen, pixel buttons, multitasking, smooth video and an eye-catching 3-D mapping tool that lets you ’tilt’ the view to get a better idea of what you are looking at.

Jan 6, 2011

Microsoft links up with ARM in new tablet drive

LAS VEGAS (Reuters) – 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, the second-largest U.S. technology company, plans to design a Windows operating system compatible with chips designed by ARM, an Intel rival and the dominant producer of chips for smartphones and tablet computers.

    • About Bill

      "Bill Rigby is Reuters' chief correspondent in Seattle, reporting on Microsoft and Boeing and overseeing coverage of general news in Washington state, Oregon and Alaska. He has been a Reuters journalist since 1998, reporting on banks, insurers, stock markets, defense companies and airlines from Reuters bureaux in London, New York and Seattle."
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