Liana's Feed
May 17, 2011

Corning spies new markets as LCD market slows

NEW YORK (Reuters) – Corning Inc’s (GLW.N: Quote, Profile, Research, Stock Buzz) scratch-resistant Gorilla Glass for smartphones and tablets may soon find their way into cars now that the company is looking to expand into new markets.

Corning is on the prowl for fresh growth areas because demand for LCD panels, its main business, has slowed as consumers resist buying new flat-screen televisions. Existing players are cutting prices to compete in a weakening market.

May 17, 2011

Sony defends response time to hacker breach

NEW YORK, May 17 (Reuters) – Sony Corp (6758.T: Quote, Profile, Research, Stock Buzz) was
unapologetic about its delay in informing the more than 100
million customers of its PlayStation Network whose account
information was stolen by hackers last month.

In a stark departure from the remorseful tone struck just
two weeks ago, when senior executives including heir apparent
Kazuo Hirai bowed in apology in Tokyo, Sony Chief Executive
Howard Stringer fired back at critics of the company’s actions
that led up to the attack and its response time to the crisis.
[ID:nL3E7G101C]

May 16, 2011

Dish names new CEO; Ergen remains chairman

NEW YORK, May 16 (Reuters) – Satellite television provider
Dish Network Corp (DISH.O: Quote, Profile, Research, Stock Buzz) named Joseph Clayton as chief
executive, succeeding founder Charlie Ergen, who will continue
as chairman.

With Clayton overseeing day-to-day operations, Ergen will
have time to shape Dish’s strategy, which appears to be
changing in light of recent deals, said Kaufman Bros analyst
Todd Mitchell.

May 11, 2011

Symantec’s raises quarterly earnings outlook

NEW YORK, May 11 (Reuters) – Software maker Symantec Corp
(SYMC.O: Quote, Profile, Research, Stock Buzz) posted a quarterly profit that beat Wall Street
estimates and raised its earnings forecast on stronger demand
for its data storage and security products.

Symantec, which designs anti-virus software, said revenue
in the current quarter would be between $1.57 billion to $1.59
billion, ahead of analysts’ average estimates of $1.55
billion.

May 11, 2011

Sony: Hackers launched no new PlayStation attack

NEW YORK, May 11 (Reuters) – A security measure that Sony
Corp (6758.T: Quote, Profile, Research, Stock Buzz) (SNE.N: Quote, Profile, Research, Stock Buzz) installed made one of the official
PlayStation websites unavailable in Japan.

The company published a statement about the site on
Wednesday after a Bloomberg report said the site was down
because of a hacker attack.

May 10, 2011

Xerox raises sales targets, shares rise

NEW YORK (Reuters) – Xerox Corp (XRX.N: Quote, Profile, Research, Stock Buzz) said it would increase its sales of hardware and business services as much as 8 percent by 2012, which sent its shares higher in premarket trading on Tuesday.

The company said its revenue would increase 4 percent to 6 percent by 2012, and its EPS would be $1.18 to $1.28 per share in that period, according to a statement released on its investor day on Tuesday. Analysts’ average estimates for 2012 are for earnings of $1.23 per share, according to Thomson Reuters I/B/E/S.

May 9, 2011

Activision Blizzard’s profit rises on digital sales

NEW YORK (Reuters)- Activision Blizzard posted higher profit and revenue in the fourth quarter, driven by sales of online games, and raised its full-year earnings outlook, sending its shares higher in after-hours trade.

The company raised its full-year 2011 earnings outlook to 73 cents per share from 70 cents. This beat analysts’ average estimates of 72 cents per share.

May 9, 2011

Zynga buys iPhone game engine development team

NEW YORK (Reuters) – Zynga Inc is hiring two key developers of cocos2d, a popular game engine that powers top grossing iPhone apps such as “Tap Pet Hotel” and “Tap Zoo” in a move that will help the social games company boost its presence on smartphone and tablets.

Zynga, the privately held social games company, has expanded rapidly through small acquisitions at the rate of about one a month in the past year, as it seeks to dominate the games market and expand internationally.

May 9, 2011

Sony woes may cause some to rethink cloud computing

BOSTON/NEW YORK (Reuters) – The Sony data breach that compromised the personal data of more than 100 million customers of the Japanese electronics conglomerate may claim yet another victim — the cloud computing industry.

Some businesses are rethinking plans to move to cloud-based computer systems located at remote data centers that can be accessed over the web.

May 6, 2011

Analysis: Sony woes may cause some to rethink cloud computing

BOSTON/NEW YORK (Reuters) – The Sony data breach that compromised the personal data of more than 100 million customers of the Japanese electronics conglomerate may claim yet another victim — the cloud computing industry.

Some businesses are rethinking plans to move to cloud-based computer systems located at remote data centers that can be accessed over the web.