Technology Sector

Samsung’s quarterly figures miss analysts’ estimates

Samsung’s quarterly figures miss analysts’ estimatesSouth Korean electronics giant Samsung on Friday reported quarterly earnings that failed to match analysts' estimates, dropping another hint that high-end smartphone market has saturated.

Samsung announced that its net income jumped 50 per cent year-on-year to 7.58 trillion won ($6.8 billion) in the April to June quarter this year, from 5.05 trillion won in the corresponding quarter of the previous year.

A group 24 analysts surveyed by Bloomberg had projected an average net income 8.02 trillion won for the company's quarter under review.

LIC records 3% fall in profit

LIC records 3% fall in profitFarming technology enterprise, Livestock Improvement Corporation (LIC) has recorded a 3 per cent fall in profits during the one year till May, 2013.

The net profit of LIC was recorded at $23.7 million, which is $700,000 lower than the previous year. The fall in the net profit was mainly due to lower annual valuation of LIC's biological elite bull team. The enterprise has announced a record dividend of $16.75 million for the
2012-2013 year for its farmer-shareholders. The dairy farmer co-operative had paid a dividend of $11.9 million to its shareholders in 2011.

OpenStack marking its third birthday this week

OpenStack marking its third birthday this weekThe OpenStack open source cloud computing project, which is backed a host of technology giants around the world, is marking its third birthday this week at the open-source conference, OSCON.

OpenStack is a major step allowing anyone to build their own cloud service independently of the control of proprietary cloud vendors. However, the project needs to advertise itself to survive and attract much interest in the market in order to compete with the likes of Amazon Web Services (AWS), Google and the other players in the market.

Google reaches agreement with FTC over Motorola deal

Google reaches agreement with FTC over Motorola dealInternet giant, Google has reached an agreement with the U. S. Federal Trade Commission over standard-essential patents obtained by Google from Motorola under the FRAND terms.

Apple records better than expected sales in third quarter

Apple records better than expected sales in third quarterTechnology giant, Apple has recorded better than expected sales during its third quarter backed by higher demand for its devices around the world.

The company said that it earned a profit of $6.9 billion during the three months till June backed by high sales of its flagship, Apple iPhone smartphone. The company said that the company said that it sold a total of 31.2 million iPhones, which is the highest ever for the June quarter compared to 26 million recorded in the same quarter of the previous year.

Inter launches new strategy for tackling datacenter issues

Inter launches new strategy for tackling datacenter issuesGlobal chip maker, Intel has introduced a new strategy for tackling evolving datacenter issues linked to the enterprise IT space.

SIM card venerability to put millions at risk

SIM card venerability to put millions at riskAccording to a new study by a security expert, a venerability with the SIM card technology may put millions of users at the risk of being spied upon or robbed by those exploiting the flaw.

Karsten Nohl, a leading security expert in the industry, has said that he has found a way to discover Sims' digital keys by sending them a special text message. He warned that the criminals might be able to snoop in on calls or even steal money from the users.

Google now offering three new tabs in Gmail

Google now offering three new tabs in Gmail Internet giant, Google has overhauled its emailing service, Gmail and is now organizing its e-mails under three tabs under three tabs: Primary, Social and Promotions.

The Primary tab includes e-mails from friends and family, social tab includes Facebook and G+ announcements and Promotions includes LivingSocial updates, banking alerts, etc. According to reports, the company will include advertisements that look like regular emails on the promotions tab. The emailing service also has an `updates' tab containing all the Android updates.

SanDisk launches two new flash storage drives

SanDisk launches two new flash storage drivesSanDisk has announced the launch of two new falsh0based storage devices to cater to the increasing demand for storage devices with portability.

The company launched its new Connect Wireless Media Drive and the Connect Wireless Flash Drive. The two devices are powered by battery and works both as a portable storage device as well as a mobile multimedia hotspot. The users can also share data and stream media wirelessly through the multimedia hotspot on the advanced storage device.

Samsung to organize Developers Conference in San Francisco

Samsung to organize Developers Conference in San FranciscoSouth Korean electronics giant, Samsung has indicated that it is planning to host a developers conference in San Francisco from 27 top 29, October.

The company has not confirmed details about the conference, but it is believed that Samsung is looking to engage with industry leaders, collaborate with developers and learn about new tools and development kits through the event. There are also indications that the conference will be for all divisions and devices offered by the company and not just limited to the mobile phone market.

South Korean authorities to conclude antitrust probe against Google

South Korean authorities to conclude antitrust probe against GoogleAuthorities in South Korea have decided to drop its anti-trust investiations against american online giant, Google's Android smartphone operations in that country, according to people closer to the matter.

Lenovo launches new ThinkPad L430 notebook in India

Lenovo launches new ThinkPad L430 notebook in IndiaGlobal computing giant, lenovo has announced the launch of its ThinkPad 430 notebook in the Indian market.

The company launched the new device soon after the launch of its A1000 tablet in the country to expand its position in the india market.  The new device is aimed at professional users looking for a rugged laptop in the counry.  The company claims that the ThinkPad 430 has one through torure test and is a rued device for easy use.

Microsoft records lower than expected results

Microsoft records lower than expected resultsSoftware giant, Microsoft has recorded a lower than expected results in the fourth quarter as it had to take a $900 million charge Surface RT tablet.

The company missed its revenue and profit expectations during the quarter following a lower than expected performance by its rival Google. Microsoft also faced effects of a weak personal-computer market around the world that affected its earnings during the quarter. The sales of traditional desktop computers have slowed worldwide and the company is struggling to expand to newer computing platforms.

IBM’s net income falls 17% in second quarter

IBM’s net income falls 17% in second quarterComputing giant, International Business Machine Corp has said that its net income has fallen 17 per cent during the second quarter of the year as it had to absorb the cost of laying off its workers.

Infosys net up 3.7 percent in first quarter

Infosys net up 3.7 percent in first quarterBangalore, July 12 - Infosys Ltd posted Rs. 2,374 crore (Rs. 23.7 billion) net profit for the first quarter (April-June) of this fiscal (2013-14), registering a marginal increase of 3.7 per cent year-on-year (YoY) as per the Indian accounting standards.

In a regulatory filing Friday, the global software major said consolidated revenue for the quarter under review (Q1), however, grew 17 percent YoY to Rs. 11,267 crore (Rs. 112.7 billion).

Dell and Silver Lake not likely to increase bid for Dell

Dell and Silver Lake not likely to increase bid for DellIt is believed that Michael Dell and Silver Lake Management are not likely to increase their bid valued at $24.4 billion for acquiring Dell Inc, according to people closer to the matter.

ACCC asks HP to pay $3 million fine for misleading customers

ACCC asks HP to pay $3 million fine for misleading customersThe Australian Competition and Consumer Commission (ACCC) has imposed a fine of $3 million on Hewlett-Packard Australia for allegedly making false or misleading representations to customers and retailers in the country.

Icahn increases offer price to $5 Billion for Dell

Icahn increases offer price to $5 Billion for DellCarl Icahn, an activist investor, has said that it is increasing the offer price for a stake in computing giant, Dell to $5 billion.

Mr. Icahn increased the bid value by almost double and also asked the company to issue a tender offer for 1.1 billion shares at $14 each. He wrote in a letter to Dell shareholders and members of its special committee that he has already secured lender commitments for $5.2 billion in debt financing. He pointed out that the remarks would dispel suggestions that the funds will not be available for the acquisition.

BlackBerry shares falls as company holds sales numbers

BlackBerry shares falls as company holds sales numbersBlackBerry, a leading Smartphone maker based in Canada, has seen its shares fall after the company recorded a sudden loss and did not disclose its sales figures.

Investors have expressed concerns over the lack of sales figures from the Smartphone maker in the public domain. There are worries that the Smartphone maker might not be able to regain its market share after losing customers to Apple and Android makers.

Adobe to acquire Neolane for $600 million

Adobe to acquire Neolane for  $600 millionAdobe Systems Incorporated has said that it is planning to acquire software platform operator, Neolane in a cash deal valued at $600 million.

Neolane operates a software platform for managing digital marketing campaigns covering multiple platforms. Acrobat has said that the acquisition will add important cross-channel campaign management capabilities to the Adobe Marketing Cloud.




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