Technology Sector

‘Bump’ - the one-billionth iPhone app to be downloaded from App Store!

App StoreAlmost a month after its launch in the App Store, 'Bump' - the social networking application that facilitates the transfer of contact information between iPhones and iPod Touches - has become a part of iPhone's history on Thursday, by becoming the one-billionth app to be downloaded from the App Store.

Interestingly, Bump is the first App Store offering coming from Bump Technologies, a development shop of three ex-Texas Instruments employees - David Lieb, Jake Mintz, and Andy Huibers,. In order to support a social connection, the initially-free Bump app makes use of the accelerometer of the iPhone or iPod Touches, Internet connection, and location data.

''Sleep talking'' PCs use 80 percent less power

''Sleep talking'' PCs use 80 percent less powerWashington, Apr 25 : Computer scientists at UC San Diego and Microsoft Research have created a device that will put computers in a doze, which could mean energy savings of 60 to 80 per cent.

The experts have developed a plug-and-play hardware prototype for personal computers that induces a new energy saving state known as "sleep talking."

Yahoo shuts down the free web hosting service - GeoCities

yahoo, geocitiesAs a part of CEO Carol Bartz's endeavors to streamline operations at Yahoo, it was announced on Thursday that the company is shutting down its GeoCities website. The 1995-founded free web hosting service passed into oblivion probably because of its rather archaic service model and out-of-date technology.

Mouse maker Logitech hit by economic downturn

Mouse maker Logitech hit by economic downturnGeneva - Logitech announced Thursday losses in its fourth quarter results and said sales stood at 408 million dollars, down 32 percent from the same period last year.

The Swiss company, the largest maker of computer mice in the world, posted an operating loss of 43 million dollars for the quarter, compared to an operating profit of 66 million dollars for the last months of the previous fiscal year.

Buy Moser Baer, Target Rs 78: Nirmal Bang

Buy Moser Baer, Target Rs 78: Nirmal BangNirmal Bang Research is bullish on Moser Baer (India) Limited and maintained ‘Buy’ rating on the stock to achieve a target between Rs 69-78 within 1-5 days.

Traders can buy the stock on dips with a stop loss of Rs 58.

Shares of the company, on Wednesday (April 22), closed at Rs 62.90 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 201.30 and a low of Rs 41.10 on BSE.

According to Nirmal Bang report, the structure looks very positive, so buy the stock and hold, if it maintains above Rs 67, a big move is expected.

HCL Technologies posts disappointing results; Q3 Net profit down by 42%

HCL TechnologiesHCL Technologies, a leading offshore IT & software development company, on Wednesday reported a 42 per cent decline in its net profit at Rs 152.57 crore for the third quarter ended March 31, 2009

The firm had posted a net profit of Rs 263.08 crore in the same quarter last fiscal.

In addition, the total income of the company also fell to Rs 1,048.90 crore in the quarter under review, against Rs 1,275.58 crore in the same quarter previous fiscal.

For the nine-month ended March 31, the company has posted a net profit of Rs 804.37 crore from Rs 794.19 crore in the same period a year ago, up 1.28 per cent.