Malathi's Feed
Jul 31, 2012

Electronic Arts sticks to 2013 outlook, sets buyback

SAN FRANCISCO, July 31 (Reuters) – Electronic Arts Inc
, publisher of the “Battlefield” and “Star Wars” games,
stuck to a forecast for about 30 percent growth in fiscal 2013
earnings and announced a $500 million share buyback, helping to
prop up its shares.

The stock was trading at around $11.20 in after-hours trade,
from a close of $11.02 on the Nasdaq.

Jul 13, 2012

Google’s Nexus tablet selling fast across retail chains

SAN FRANCISCO, July 13 (Reuters) – Google Inc’s
“Nexus 7″ tablet is off to an encouraging start, with major
retailers running out of the gadgets as the Internet company’s
first entry in an increasingly crowded market showed up in U.S.
stores on Friday.

GameStop said on Friday it had already run through
its first two allocations of the tablet, co-developed by Google
and Taiwan’s Asustek that starts at $199 and has drawn
glowing reviews from major gadget reviewers.

Jul 12, 2012
via MediaFile

Rovio set to launch its next mobile game “Amazing Alex”


There won’t be birds, eggs and green pigs but Rovio is all set to release its next new franchise after a hugely successful run with “Angry Birds.” “Amazing Alex,” a physics-themed puzzle game, is coming to iOS and Android devices July 12.

The trailer released by Rovio shows a little blonde boy experimenting with a Rube Goldberg-like machine. The game will have 100 levels and players can build their own.

Jul 10, 2012
via MediaFile

Ouya: A hackable, $99 gaming console is in the works


Innovative games on mobiles and tablets are the rage these days as console makers and traditional video game publishers scramble to keep gamers hooked. But a new startup is embracing the openness of mobile and Internet platforms and developing Ouya, a $99 gaming console for the television with software and hardware that is designed to be hacked.

The Android-based console is being built by a project founded by Julie Uhrman, a former executive at video game website IGN. Microsoft Xbox veteran Ed Fries is an advisor and Yves Behar of design firm Fuseproject will design the console. The device will include a controller with a touch pad and a free software development kit.

Jul 3, 2012

Activision takes free Call of Duty online to China

By Malathi Nayak

(Reuters) – Activision Blizzard, the biggest U.S. video game publisher by market capitalization aims to take its popular Call of Duty title as a free-to-play online game to China in a bid to expand its footprint in Asia.

Shares of Activision were up 3 percent at $12.34 in Tuesday morning trade on Nasdaq.

Jul 2, 2012

Sony to buy U.S. game firm Gaikai for $380 mln

San Francisco, July 2 (Reuters) – Sony Corp said on
Monday it would buy the privately held California-based gaming
firm Gaikai Inc for about $380 million as the money-losing
electronics maker seeks to strengthen its online gaming

Founded in 2008, Gaikai, based in Aliso Viejo, California,
is a cloud gaming firm that provides technology to stream video
game content directly to any Internet-connected device. It
competes with OnLive, another U.S. cloud gaming company.

Jun 26, 2012

Zynga plans to build a gamers’ social network

SAN FRANCISCO (Reuters) – Zynga Inc unveiled interactive features and a gamers’ social network dubbed “Zynga with Friends” on Tuesday, as it aims to reduce its reliance on Facebook as a platform and seeks to connect hundreds of millions of its users across the Internet.

The company founded by Mark Pincus also plans to provide programming tools to help third-party developers devise online and mobile games based on its own software, to expand its slate of games beyond mainstays such as “Farmville” and “Mafia Wars” on Facebook Inc’s network.

Jun 21, 2012

Google CEO loses voice, skips shareholder meeting

SAN FRANCISCO (Reuters) – Google Inc Chief Executive Larry Page sat out his company’s annual shareholders’ meeting on Thursday due to an unspecified condition affecting his voice that will sideline him from speaking engagements for several weeks.

Google Executive Chairman Eric Schmidt told shareholders at the company’s Mountain View headquarters that Page, who replaced Schmidt as CEO in April 2011, had “lost his voice” and would not be able to do any public speaking engagements for the time being.

Jun 11, 2012

Ubisoft confident on big Wii U bet

SAN FRANCISCO (Reuters) – Ubisoft CEO Yves Guillemot hopes Nintendo’s upcoming Wii U will be the first of a line-up of new consoles that will give the video game industry a boost and help reverse the French company’s waning fortunes.

Shares of Ubisoft, known for its “Assassins Creed” franchise and its “Just Dance” games, are down 20 percent from a year ago but up 8 percent since Jan 1.

Jun 8, 2012

48 hours in San Francisco

SAN FRANCISCO (Reuters) – With its striking cityscapes and an eclectic offering of food, arts and culture, San Francisco captivates travelers and residents alike.

Reuters correspondents with local knowledge help visitors get the most out of a short stay in the city on the bay.