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Reuters

Facebook stock sale would value company at $70B

April 28th, 2011

That’s not a typo in the title, that’s seventy billion dollars… with a “b”. Reuters is reporting that a group of private investors is looking to offload nearly $1 billion worth of shares they hold in social networking company Facebook. The price per share puts Facebook’s valuation at nearly $70 billion. “The current deal, which …

RadioShack profits slump on weak T-Mobile returns

April 26th, 2011

Reuters is reporting that this quarters pedestrian earnings filed by electronics retailer RadioShack has something to do with the wireless industry. Citing RBC Capital analyst Scot Ciccarelli, the publication notes that “RadioShack gave up a lot of compensation from AT&T and Sprint to carry T-Mobile [equipment], and this partnership doesn’t appear to be panning out the way …

Reuters: Apple to beat Google to market with cloud music service

April 21st, 2011

According to a report filed by Reuters, Apple will edge out Google in the race to provide users with a cloud music service. “Apple’s plans will allow iTunes customers to store their songs on a remote server, and then access them from wherever they have an Internet connection,” writes Reuters, citing two people familiar with …

Reuters: Apple to ship iPhone 5 in September

April 20th, 2011

Reuters is reporting that Apple, Inc. will ship its next generation iPhone — oft referred to as the iPhone 5 — this September. The publication cites three sources “with direct knowledge of the company’s supply chain” and adds that the updated iPhone will sport a “faster processor.” Reuters writes that Largan Precision Co Ltd will …

Samsung divests its hard-drive unit, sells to Seagate

April 19th, 2011

Reuters is reporting that Samsung Electronics has agreed to sell its hard drive business to Seagate Technology for $1.4 billion in cash and stock. The move is seen as two pronged: first, it will allow Samsung to exit an extremely competitive market and refocus its efforts on its successful memory-chip business. Secondly, it will allow Seagate to be more competitive with …

Nokia’s tablet venture may exclude Microsoft

March 21st, 2011

According to a report filed by Reuters, Nokia’s future tablet products may be lacking in one area, Microsoft software. Speaking to a source familiar with the Finnish company’s plans, the publication writes that Nokia is weighing all options when it comes to tablets, and its now moot smartphone operating system — MeeGo — is a …

Reuters’ source refutes delay of Apple’s iPad 2, iPhone 5 [updated]

February 22nd, 2011

Thanks to reports filed by two financial analysts, the Internet has been abuzz with rumors and speculation about an alleged delay to Apple’s two flagship products: the iPhone and iPad. Citing last minute design changes and supplier bottlenecks, the unrelated reports both concluded that the launches of the two iDevices would be pushed back several …

Nokia scuttles plans for N9 MeeGo phone?

February 9th, 2011

According to a report filed by Reuters, Finnish phone giant Nokia has ended the development of its first MeeGo smartphone; the article cites “two sources close to the company” as the origin of this information. Nokia’s first MeeGo handset has long been rumored to be the full-QWERTY N9 (pictured above). Industry analysts tapped by Reuters …

Reuters: Nokia to cease free music downloads for new handsets

January 17th, 2011

Reuters is reporting that mobile giant Nokia will stop offering its free music downloads service — Ovi Music — to new handset purchasers. The service, which initially launched in 2008, has received a luke warm reception due to the restrictive DRM used by Nokia, more competitive music service options, and lack of carrier support. Customers who currently have a …

Nokia pushes E7 release to early 2011

December 14th, 2010

Reuters is reporting that the world’s largest OEM handset manufacturer Nokia has delayed the release of its E7 handset until early 2011. A Nokia spokesperson said that the move was to “ensure the best possible user experience” on the device. The E7 is a peta-band WCDMA handset that also has a quad-band GSM radio, 4-inch …