Tech wrap: Oracle’s woes may signal tech downturn

December 21, 2011

Oracle shares plummeted on Wednesday, a day after its results fell short of expectations, dragging down the tech sector as investors feared the rare miss was a sign corporate America may be pulling back on tech spending.

More troubling news for the tech sector as Nokia’s long-awaited Windows phones may be too little, too late in the smartphone war dominated by Apple and Google, despite positive reviews by handset critics.

Its first Windows model, the Lumia 800, has won little interest from consumers, with only 2 percent of Europeans in the market for a smartphone saying they would pick it, according to a survey by Exane BNP Paribas.

One of the sectors most recent punching bags actually received some positive news as RIM finally delivered on a promise made by co-founder Mike Lazaridis. The widely popular game Angry Birds, where birds destroy the pigs who stole their eggs with the help of a slingshot is finally available on the PlayBook tablet.

Facebook has agreed to improve its privacy policy for hundreds of millions of users after a three-month investigation by Irish authorities at the U.S. group’s international headquarters in Dublin.

CNET’s Roger Cheng says that even though 2011 was a chaotic year for mobile devices, 2012 promises to be even more exciting.

Finally, the Vatican said an unknown buyer had snapped up the internet address, a domain combining its name with an extension reserved for pornographic content.

“This domain is not available because it has been acquired by someone else, but not the Vatican,”  a Vatican spokesman said.

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