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Technology News

Microsoft deal steps up rivalry with Google
Microsoft turned up the heat in its technological rivalry with Google as it announced the purchase of Powerset, a company that has developed one of the most promising, and controversial, new internet search tools of recent years

iPhone to become available without contract
Smartphone buyers in the US will be able to buy a version of Apple's new 3G iPhone for $599 without committing to a two-year service agreement, said AT&T, the exclusive supplier of the iPhone in the US

Warner signs up for Nokia's music service
Nokia's "all you can eat" mobile music service gained momentum with the addition of Warner Music, giving Nokia the participation of three of the four largest record groups as it prepares to launch Comes with Music

Yahoo board sharpens attack on Icahn
Yahoo's board intensified an attack on Carl Icahn, the activist investor, questioning his investment record and describing his plans for the internet company as ill-defined

Ebay ordered to pay €38m to LVMH over fakes
A French court has hit at the heart of Ebay's business model by ordering the online retailer to pay almost €40m to LVMH, the French luxury goods maker, for failing to do enough to block sales of counterfeit goods

Amazon launches Latin America contact site
Amazon, the world's largest internet retailer, is stepping up its focus on Latin America, a rapidly developing e-commerce market where it has yet to establish a direct presence

Fresh profit warning from Sony Ericsson
Sony Ericsson warned that it would only break even in the second quarter because of disappointing European sales of its mid and high-end mobile phones

Yahoo to reorganise following executive exits
Yahoo has announced a major reorganisation after the failure of a Microsoft takeover bid and a subsequent flood of executive departures

Sony plans $18bn BRIC push
Electronics giant announces aggressive sales push in big emerging markets to Y2,000bn in the next three years

Verizon presses Vodafone to leave venture
Verizon Communications has stepped up the pressure on Vodafone to sell out of Verizon Wireless, their mobile joint venture, saying that the second largest US telecoms company intends to be "the hunter" in future industry consolidation

Newer units and sales rally lift Oracle
A recovery in US software sales and a stronger performance from some of its newer businesses helped Oracle beat Wall Street expectations

Profit growth at RIM fails to ease concerns
BlackBerry subscriber numbers surged by 2.3m in the first quarter and Research in Motion's profits more than doubled, but shares were marked sharply lower as the outlook fell short of some analysts' expectations

Nokia to take full control of Symbian
Nokia struck back against Google by announcing plans to increase sales of its mobile phones and boost its revenue from wireless web services and that it was taking control of Symbian, the UK software company

Virgin and SK in US mobile link-up
Virgin Mobile USA is to acquire the US mobile phone operation controlled by SK Telecom of South Korea, after each side decided to combine their struggling businesses to build scale in the fast-maturing market

Samueli pleads guilty over options
Henry Samueli, the billionaire California entrepreneur and philanthropist, pleaded guilty to making a false statement to federal authorities about his role in stock options backdating at Broadcom