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BlackBerry's Q4 Black Ink Bewilders Wall Street March 28, 2013
After a bumpy lead-up to the launch of its Z10 handset, BlackBerry surprised Wall Street on Thursday by reporting a profit for its fourth quarter ending March 2. That wasn't enough to offset its accumulation of losses, though; it reported a net loss of $628 million for the entire fiscal year. It posted fourth-quarter revenue of $2.7 billion, and GAAP income of $94 million, or 18 cents per share.
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Linux Devs Take Win 8 Secure Boot Complaint to EC March 27, 2013
Microsoft is once again being challenged in Europe over alleged anti-competitive practices. A group representing Linux developers in Spain has filed a complaint with the European Commission charging that Microsoft's desktop operating system, Windows 8, supports technology that makes it difficult for users to place other operating systems on their computers.
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Apple Takes the Maps Fight Inside March 27, 2013
Apple has slammed the door on WiFiSLAM after acquiring the Android indoor location positioning developer. However, even though it has closed the startup's shop, Apple will likely use its technology to get mapping again. After last fall's humiliation over its bungled outdoor maps app, Apple's acquisition of WiFiSLAM could be an important step in the right direction.
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Yahoo Pays Big for Teen Coding Whiz and His App March 26, 2013
Yahoo has paid a reported $30 million for Summly, a newsreader app founded by 17-year-old programming prodigy Nick D'Aloisio. The move makes D'Aloisio, based in London, both an instant multimillionaire and Yahoo's youngest employee. The Summly app, which delivers 400-character summaries of news stories, will be shut down, but the technology will soon appear in Yahoo's mobile products.
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US Judge Tosses Censorship Claims Against Baidu, China March 26, 2013
At long last, China and the United States are on the same cyberpage. A U.S. district judge in Manhattan dismissed a lawsuit brought by activists who claimed that Baidu, China's largest search engine, should be punished -- along with China itself -- for censoring them on the Web.
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Sharks Circle Struggling Dell March 26, 2013
Dell confirmed Monday that two new possible buyers have submitted bids for the company: Boulder Acquisition Corp. and its Blackstone Group affiliate; and perennial corporate raider Carl Icahn. Dell has already accepted an offer made earlier this year by founder Michael Dell and Silver Lake, but it is bound by law to seek alternative offers.
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888's Nevada License Could Usher In New Era of Online Gambling March 25, 2013
888 Holdings announced last week that it had become the first Internet gambling company to be awarded a license to operate in the U.S., possibly opening the door to further online betting opportunities in the States. With its new license, granted by the Nevada Gaming Commission, 888 could launch an online gambling offering in the state.
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Marin Software Rocks Wall Street March 25, 2013
As initial public offerings go, Marin Software couldn't have asked for much better than its Friday debut on the New York Stock Exchange. Late Thursday, it priced its stock at $14 per unit, higher than the anticipated range of $11-$13. Then it sold 7.5 million shares -- half a million more than originally expected -- raising about $105 million.
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The Fall of Apple and the Return of BlackBerry March 25, 2013
We tend to be slow to see change. If a company is on top, like Apple was, it takes a lot for us to see its fortunes have changed, as they clearly have post-Jobs. If a company is on the bottom, like BlackBerry was, it may be even tougher to see it on the rebound.
We simply don't like the change in our worldview, and this isn't just with regard to companies but people as well.
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FCC Chair Genachowski Calls It Quits March 22, 2013
Julius Genachowski said Friday that he is stepping down as chairman of the Federal Communications Commission, a post he has held since 2009. During his tenure, Genachowski faced a number of important issues, including media consolidation, cable and telecom industry competition and cooperation -- and, most notably, a sharp debate over broadband spectrum.
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Holy Spirit, Batman! Superhero Story on Vatican Website Not a Hack March 22, 2013
No, this isn't the Catholic Church's way of appealing to comic book fans. On Thursday, the website of the Vatican communications office and Vatican Twitter account ran stories on Batman. While some initially suspected hacking, Vatican officials are instead saying that there was an "internal system failure" caused by a non-native English speaker -- and apparent Batman enthusiast -- who posted the story.
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Oracle's Q3 Malaise Could Be Contagious March 21, 2013
The bulls have been running on Wall Street but every silver lining apparently is cloaked in a gray cloud. In this case, it's the dismal Q3 earnings report Oracle released on Wednesday. Oracle did actually make money. The company reported third quarter earnings of $2.5 billion, or 52 cents a share, on revenue of $8.96. However, that was down 1 percent from a year earlier.
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Adobe Earnings Rush In but CTO Rushes to Apple's Arms March 20, 2013
Adobe reported a strong first quarter of 2013 Tuesday, just as news hit that Chief Technology Officer Kevin Lynch is leaving the company and heading to Apple. The company beat analyst expectations for the quarter. Adobe reported a revenue of $1.008 billion, with net income coming in at $177.9 million.
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Feds Probe Microsoft Whistleblower's Bribery Accusations March 20, 2013
Two federal agencies are reportedly probing the relationship between Microsoft and business partners in China, Italy and Romania that allegedly bribed foreign officials to land software contracts. Lawyers at the U.S. Justice Department and Securities and Exchange Commission are investigating accusations made by a whistleblower who formerly worked for Microsoft in China.
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Congress Puts Privacy Front and Center March 20, 2013
Sens. Patrick Leahy, D-Vt., and Mike Lee, R-Utah, have introduced legislation to provide stronger privacy guarantees to email. The Electronic Communications Privacy Act Amendments Act of 2013 calls for the government to get a search warrant before gaining access to email or other digital communication channels.
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Street View Captures Sky-High Mountain Views March 20, 2013
Google Street View has unveiled shots from some of the world's highest mountains. In addition to Argentina's Mount Aconcagua, Tanzania's Mount Kilimanjaro and Russia's Mount Elbrus, Google has now also captured photos from Everest Base Camp in Nepal. Because Street View's camera-equipped vehicles were unable to make the trek, a tripod and digital camera were used.
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FCC Buckles on Cybersecurity March 20, 2013
Internet service providers are resisting the Federal Communications Commission's recommendations for implementing security best practices, the agency has reported. The ISP members of the Communications, Security, Reliability and Interoperability Council (CSRIC) say they believe additional evaluation is required to determine whether those best practices should apply to their industry.
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FCC Twists Robocallers' Arms March 19, 2013
The FCC last week issued citations to two service providers for delivering unauthorized robocalls to millions of wireless phones. The companies that received the citations are the Dialing Services and Richard Gilmore's Democratic Dialing. The calls were made on behalf of an assortment of clients including businesses, nonprofits and political groups.
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Riccitiello Booted as EA Reboots March 19, 2013
John Riccitiello, who was at the helm of video game publisher Electronic Arts as it tried to navigate major shifts in the industry, will step down as CEO on March 30. Chairman Larry Probst, EA's CEO when Riccitiello took over in 2007, will serve as the company's executive chairman and temporary leader while it searches for a new chief executive.
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Bribery Investigation Rumors Haunt ZTE March 19, 2013
Chinese telecom ZTE may have
ended 2012 in the red, but a new report alleges there was enough in the coffers for bribes. ZTE's Mongolia office is being investigated for bribery, according to China's IT Business News. The outlet is also reporting that Mongolian anti-corruption officials have already unearthed proof of bribes doled out for that country's national digital education project.
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