SAN FRANCISCO (Reuters) – Apple Inc Chief Executive Steve Jobs on Thursday sharply criticized Adobe Systems popular Flash multimedia software, calling it unreliable and ill-suited for mobile devices, escalating a pitched battle between the two companies.
Analysts said Jobs’ pointed, nearly 1,700-word manifesto — which Apple posted on its website — helped push Adobe’s shares down nearly 2 percent, as it highlighted concerns about the future of Flash.
SAN FRANCISCO (Reuters) – Hewlett-Packard Co’s $1.2 billion acquisition of struggling smartphone maker Palm Inc gives the company a foothold in a market it cannot afford to ignore, but HP will have to spend more to make its bet on the company pay off.
HP, the world’s largest technology company by revenue, is already a dominant force in PCs, servers, services and printers. But without a credible smartphone offering, the company risked being left behind in a rising and highly profitable market, one that rivals both at home and in Asia are increasingly moving into.
SAN FRANCISCO (Reuters) – Hewlett-Packard Co <HPQ.N> announced a $1.2 billion deal to buy Palm Inc <PALM.O>, betting it can resuscitate the struggling smartphone maker to compete with the likes of Apple Inc <AAPL.O> and RIM <RIMM.O>.
Analysts say 2010’s third-largest U.S. tech acquisition grants Palm’s devices global production and distribution reach while launching the world’s top PC maker into a tech arena experiencing blistering growth.
SAN FRANCISCO (Reuters) – Hewlett-Packard Co <HPQ.N> said it has struck a $1.2 billion deal for Palm Inc <PALM.O>, offering a 23 percent premium to expand into the smartphone market.
The news comes after much speculation on Wall Street about who would buy Palm, which once dominated the market but which has been overshadowed by Apple Inc’s <AAPL.O> iPhone, Research in Motion’s <RIM.TO> BlackBerry and phones that use Google Inc’s <GOOG.O> Android software.
SAN FRANCISCO (Reuters) – Diversified chipmaker Freescale Semiconductor <FSLSM.UL> said it is feels no pressure to go public, despite an improving economy and IPO market and strong demand for chips stretching into next year.
Chief Executive Rich Beyer said that although Freescale is generating good sales growth and has become much leaner as a privately held company, its private equity backers are in no rush for an initial public offering because they are not looking to cash out their stake.
SAN FRANCISCO, April 26 (Reuters) – Hewlett-Packard <HPQ.N>
plans to roll out a line of high-end computer servers to target
businesses using complex applications.
HP, the world’s largest technology company by revenue, said
the new Integrity servers and supporting software help simplify
management, reduce cost and cut down on so-called IT sprawl in
data centers by offering a “converged” framework.
Sure, it was one of the busiest weeks on the tech earnings calendar, but despite a crush of important indicators about the health of the industry, all anyone seems to care about was that famously wayward iPhone, which caused such a stir earlier in the week.
And just as it seemed the story was about to peter out, there was a report Friday that the police are now investigating the case.
SAN FRANCISCO, April 22 (Reuters) – Western Digital Corp
<WDC.N> reported better-than-expected results and set a
forecast for the current quarter that topped Wall Street’s
targets, as it forecast robust demand for its hard drives.
The company’s shares rose less than one percent in
Western Digital’s results come on the heels of a strong
report from chief rival Seagate Technology <STX.O>. Both
companies are benefiting from renewed demand for personal
computers, as businesses finally begin to loosen their purse
strings to upgrade aging technology hardware.[ID: nN20119666].
SAN FRANCISCO (Reuters) – Sony Corp is bringing baseball to America’s living rooms on its PlayStation 3 video game console, ratcheting up the competition in the race to become the digital hub of the home.
Sony not only ups the ante in its rivalry with Microsoft’s Xbox 360 console, but also positions itself as something of a challenger to cable companies and satellite television providers that have long been broadcasting sports to viewers in the United States.
SAN FRANCISCO (Reuters) – Facebook’s user base is growing at its fastest rate ever, the online social network company said on Wednesday as it rolled out features that link the company’s platform more tightly with outside Web sites.
Facebook’s “open graph” would let people see information tailored to their lives and interests wherever they are on the Web, the company’s chief executive Mark Zuckerberg said at the f8 conference in San Francisco.