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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.

May 5, 2011

Sony’s insurers to help foot bill for data breach

NEW YORK/BOSTON, May 5 (Reuters) – Sony is looking to its
insurers to help cover the cost of cleaning up a data breach
that exposed the names of more than 100 million customers, an
amount that one expert estimates could exceed $2 billion.

“We have a variety of types of insurance that cover
damages. Certain carriers have been put on notice,” a Sony Corp
(6758.T: Quote, Profile, Research, Stock Buzz) (SNE.N: Quote, Profile, Research, Stock Buzz) spokesman said in response to an inquiry from
Reuters.

May 5, 2011

DirecTV’s Latin American growth shines

NEW YORK (Reuters) – DirecTV Group (DTV.O: Quote, Profile, Research, Stock Buzz), the satellite TV provider, said its quarterly profit rose in the first quarter as it made further inroads into the TV market in Latin American countries such as Brazil and Mexico.

The company added 427,000 subscribers in the quarter in Latin America, which overshadows the 184,000 new subscribers it attracted in the United States. The company has been tapping into the growing middle class, especially in Brazil, to buy its subscription service.

May 4, 2011

EA’s quarterly profit and revenue rises

NEW YORK (Reuters) – Electronic Arts Inc, the video game publisher, said its quarterly outlook and revenue rose, driven by sales of games “Crysis 2″ and “Dead Space 2″, sending its shares about 1.4 percent higher.

For the first quarter, the company forecast earnings in the range of a loss of 44 cents to 49 cents per share, falling short of the Street’s average estimate of a 36 cents loss.

May 3, 2011

Sony hires firms to clean up after breach

BOSTON/NEW YORK, May 3 (Reuters) – Sony has hired outside
investigators to help clean its networks and catch the people
behind a massive breach that exposed the personal data of more
than 100 million video game users.

The Japanese electronics giant has retained a team from
privately held Data Forte that is led by a former special agent
with the U.S. Naval Criminal Investigative Service to work
alongside the FBI agents, who are also probing the matter.

May 3, 2011

THQ quarterly outlook misses Street, shares fall

NEW YORK, May 3 (Reuters) – THQ Inc (THQI.O: Quote, Profile, Research, Stock Buzz), the video game
publisher behind titles such as “WWE SmackDown vs Raw,” reported
revenue and forecast a first-quarter earnings outlook that missed
Wall Street expectations, sending shares down more than 7 percent
on Tuesday.

The company forecast earnings in the first quarter in the
range of a loss of 50 cents to 60 cents, which is below analysts’
consensus analyst of a loss of 6 cents per share, according to
Thomson-Reuters I/B/E/S. This first-quarter outlook disappointed
investors and sent shares lower on Tuesday, said Sterne Agee
analyst Arvind Bhatia.

May 3, 2011

Sirius XM adds listeners, sees Japan issues

NEW YORK (Reuters) – Sirius XM Radio Inc’s first-quarter revenue was boosted by more subscribers, but it said lower car sales in the wake of the earthquake in Japan could hurt its subscriber growth this year.

The company, home to programing by Howard Stern and Major League Baseball, depends on the car industry to attract new subscribers from new car owners who receive free radios in their vehicles. Its services are featured in several car brands, including Toyota Motor Corp

May 3, 2011

Sirius XM adds listeners, sees Japan supply issues

NEW YORK, May 3 (Reuters) – Sirius XM Radio (SIRI.O: Quote, Profile, Research, Stock Buzz)
reported higher first-quarter revenue as it added more
listeners but it said supply chain uncertainty in Japan would
affect car sales and hurt its subscriber growth this year.

The company, home to programming by Howard Stern and Major
League Baseball, said it had added 373,064 subscribers in the
quarter, bringing its total listener base to an all-time high
of 20.6 million people.