NEW YORK, June 25 (Reuters) – Verizon Wireless and
Deutsche Telekom’s U.S. unit have agreed to a
spectrum deal that may clear the way for the U.S. company’s
plans to buy a chunk of spectrum from cable providers.
The agreement, which needs approval by the Federal
Communications Commission (FCC) and the Department of Justice,
included exchanges of spectrum between the two carriers and a
cash payment from T-Mobile USA, the companies said on Monday.
NEW YORK (Reuters) – SAS Institute, the world’s largest privately held software company, said it plans to remain independent despite continued approaches from companies such as IBM keen to acquire the only pure play data analytics firm, its top executive said.
“Before IBM went on their buying spree they came to us first because they recognized the fact that our solutions were something no one else has, everyone else is just a tool maker,” Chief Executive Jim Goodnight said in an interview on Wednesday.
NEW YORK, June 15 (Reuters) – A deepening euro zone crisis,
tepid U.S. job creation and slowing growth in China have
prompted some media and technology companies to sound a stronger
note of caution for the rest of the year, executives in those
industries said at the Reuters Global Media and Technology
Summit this week.
Companies fear the sovereign debt crisis and slowing
economies of European nations will drag down the U.S. economy,
the executives said. Tensions are running particularly high
ahead of Sunday’s pivotal election in Greece — whose outcome
could cause the euro zone economy to deteriorate.
NEW YORK (Reuters) – Small, tuck-in acquisitions and a growing services business will boost revenue and profit margins for Xerox Corp (XRX.N: Quote, Profile, Research, Stock Buzz), which is in the midst of trying to shed its stodgy image as a printer and copier company, its chief executive said.
Ursula Burns, a mechanical engineer by training who was named CEO in July 2009, said Xerox earmarked between $350 million and $400 million for acquisitions such as companies with specialty analytic capabilities or healthcare technologies.
It’s not quite Minority Report but the Charleston Police Department in South Carolina aims to predict and prevent crimes from happening with the help of IBM’s data analytics tools.
To start the CPD wants to focus on reducing the number of burglaries in Charleston which it says often happen at similar times of day and in similar locations.
(Reuters) – Research In Motion’s appointment of bankers to advise on drastic options, including an outright sale of the BlackBerry maker, may only hasten moves by major customers to offer their employees smartphones produced by rivals.
An increasing number of top companies and government departments that were once devoted to the Blackberry are instead now giving some staff the option of using Apple Inc’s iPhone or smartphones running off of Google Inc’s Android-operating system.
June 1 (Reuters) – Research In Motion’s (RIM.TO: Quote, Profile, Research) appointment
of bankers to advise on drastic options, including an outright
sale of the BlackBerry maker, may only hasten moves by major
customers to offer their employees smartphones produced by
An increasing number of top companies and government
departments that were once devoted to the Blackberry are instead
now giving some staff the option of using Apple Inc’s iPhone
(AAPL.O: Quote, Profile, Research) or smartphones running off of Google Inc’s (GOOG.O: Quote, Profile, Research)
NEW YORK/LONDON (Reuters) – General Motors Inc’s decision to stop advertising on Facebook may be a wake-up call for the No. 1 social network, but Top advertising executives say it’s far too early to know if the site will take off as an advertising platform.
“There’s a lot of potential but it’s not a slam-dunk,” said Martin Sorrell, chief executive of WPP Plc, the world’s largest advertising agency.
By Nicola Leske
(Reuters) – Huawei’s head of North America, John Roese, said his company is more than ready to take on larger rival Cisco Systems but noted it will take some patience — and time.
“The U.S. is by far our most complex market … for us our entrance into the U.S. is similar to a western company entering China,” Roese said in an interview with Reuters on the sidelines of IT infrastructure conference Interop in Las Vegas.
By Nicola Leske
(Reuters) – As a cautious outlook from Cisco Systems Inc (CSCO.O: Quote, Profile, Research, Stock Buzz) pummels shares of the network equipment maker and its peers, it might be time to go bargain hunting.
Even as Cisco warned that technology spending by companies could be hurt by concerns about Europe, analysts say there is room for optimism. Pointing to last year’s experience, some say tech spending may rebound in the second half, potentially boosting equipment makers shares again.