Technology Sector

Team Telefonica, skippered by Iker Martinez from Spain lead Team Sanya, on May 19
500 arrested in Aisa-wide telecom scam
More than $15 bn dollars has been wiped from Facebook's value since the IPO gave it a market capitalization of $104 bn
The restructuring is expected to generate annualized savings of $3.0-3.5 bn by the end of the 2014 fiscal year for HP
An image of Donald Trump is seen above a message board announcing job cuts at Hewlett-Packard
The savings from the workforce cuts will mostly be reinvested back into the company and boost investment
Hewlett-Packard said it plans to cut 27,000 jobs, or eight percent of its global workforce
Apple CEO Tim Cook
People look into the window of the Nasdaq stock market moments before Facebook shares went public on May 18 in New York
Facebook shares sank further even as US markets pushed higher
Facebook shares sank further even as US markets pushed higher
German business software giant SAP said it was acquiring US cloud-based e-commerce firm Ariba
Facebook shares sank further even as US markets pushed higher
A judge has ruled a Kodak patent allegedly infringed upon by Apple and Blackberry-maker Research In Motion as invalid
Japanese microchip maker Renesas Electronics employs about 42,000 people worldwide
Japanese microchip maker Renesas Electronics employs about 42,000 people worldwide
Apple CEO Tim Cook
Apple CEO Tim Cook
Ten minutes into opening trade today, Facebook shares were changing hands at $35.01, down 8.43%
Ten minutes into opening trade today, Facebook shares were changing hands at $35.01, down 8.43%

Court dismisses Nokia patent claims against HTC

Taiwan's top smartphone maker HTC said on Saturday a German court had dismissed two patent infringement complaints brought against the company by Finnish phone giant Nokia.
 

Czechs axe 4G tender, says bids too high

The Czech CTU telecommunications watchdog said Friday it had cancelled its first-ever auction of fourth-generation mobile frequencies, saying the bids it had received were too high and would mean overly high service costs for future consumers.
 

Indonesians working for China's Huawei on strike

Indonesians working for Chinese telecom firm Huawei joined a strike Friday over claims their employer broke labour laws, in the latest industrial action to hit a foreign company in Indonesia.
 

Corporate raider Icahn enters battle over Dell

Dell's plan for a private equity buyout ran into a potential snag Thursday as corporate raider Carl Icahn revealed that he has a stake in the computer giant and is opposing the deal.
 

Hackers assault Czech mobile operators

Hackers assaulted the websites of mobile operators in the Czech Republic Thursday, the latest in a string of attacks this week which have also hit online media and banks.
 

Siemens unit axes Chinese factory in cost-cutting drive

German light bulb maker Osram, soon to be spun off by its parent company, engineering giant Siemens, said on Thursday it was selling a factory in China as part of a drive to slash 8,000 jobs worldwide.
 

US still has questions about Dreamliner

The US transportation secretary still has a "lot of questions" about Boeing's grounded 787 Dreamliner, indicating the aviation giant faces a tough battle to get the planes back in the air soon.
 

iPhone extends gains in US market: survey

Apple's iPhone gained ground in the US market over the holiday season and early 2013, outpacing Samsung and other smartphone makers using the Android operating system, a survey found Wednesday.
 

Dow rise sets fresh high despite Fed report

The Dow pushed to fresh highs Wednesday one day after notching an all-time record, even as the Federal Reserve said economic growth continued at a dull pace.
 

EU fines Microsoft 561 mn euros for web browser choice

The EU fined Microsoft 561 million euros ($730 million) Wednesday for failing to provide customers with a choice of Internet browser, as promised, but ran into criticism it had not done its job properly by allowing the US giant to monitor its own commitments.
 

Sharp announces $111 mn tie-up with Samsung

Sharp on Wednesday announced a $111 million capital tie-up deal with South Korean rival Samsung, in a rare move for a Japanese firm that underscores the fading fortunes of its electronics giants.
 

Sharp announces $111 mln tie-up with Samsung

Sharp on Wednesday announced a $111 million capital injection deal with South Korean rival Samsung, in a rare move for a Japanese firm that underscores the fading fortunes of its electronics giants.
 

Sharp shares soar on Samsung tie-up reports

Shares in Sharp soared Wednesday as its board reportedly approved a deal making South Korean rival Samsung its biggest foreign shareholder, indicating the fading fortunes of Japan's electronics giants.
 

Sharp shares soar on Samsung tie-up reports

Shares in embattled Sharp soared on Wednesday after reports that South Korean rival Samsung would become its biggest foreign shareholder, highlighting the fading fortunes of Japan's electronics giants.
 

3D printer wows world's top high-tech fair

Of all the futuristic gadgets on show at CeBIT, the world's top high-tech fair, few drew bigger crowds Tuesday than a 3D printer creating solid objects in plastic from a computer display.
 

Samsung set to buy 3% stake in Sharp: report

South Korean electronics giant Samsung is set to buy a three-percent stake in struggling Japanese rival Sharp via a capital increase, a press report said Tuesday, a deal that would give Samsung greater access to smartphone and tablet computer screens.
 

Google urged to remove ads for ivory, whale products

Conservationists have urged Internet giant Google to remove thousands of advertisements promoting products made from endangered whales and elephants.
 

EU looks to hi-tech sector for jobs

Even with unemployment at record highs, there are hundreds of thousands of jobs available in information technology that governments and companies must work together to fill, the European Commission said Monday.
 

Merkel pins hopes on IT as world's top tech fair opens

German Chancellor Angela Merkel on Monday said the IT industry was one of the key potential sources for growth in the crisis-hit eurozone, as she opened the world's biggest high-tech fair.
 

Boeing to move "really fast' after FAA 787 approval

Boeing's commercial aircraft chief said Monday the company would move "really fast" to get its grounded 787s flying again after it wins approval from the FAA for its proposed battery fix.