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[November 14, 2012]
AP Technology NewsBrief at 12:45 p.m. EST
(Associated Press Via Acquire Media NewsEdge) Facebook jumps on biggest lock-up expiration dayNEW YORK (AP) _ Facebook's stock is up more than 7 percent despite expectations that it would fall because more than 850 million additional shares in the company are being freed up for sale. Shares of Facebook Inc. are up $1.48, or 7.5 percent, at $21.34. Facebook went public in May at $38 in a much-hyped initial public offering of stock that turned out to be a letdown for investors. Its stock price hasn't hit $38 since.
Microsoft's Windows chief leaves in power struggleSAN FRANCISCO (AP) _ Microsoft CEO Steve Ballmer isn't going to let anyone get in his way. Not even his presumed heir apparent, who runs the software maker's Windows empire, can stop Ballmer as he pushes the company in a new direction.
Pinterest separates personal, business accountsNEW YORK (AP) _ Pinterest is separating business accounts from personal ones, a move that could be an early step toward making money. Pinterest Inc. burst onto the tech scene last year, appealing to designers, wedding planners, chefs and anyone else who likes to collect and share images from the Web.
Infineon cuts costs as revenue fallsBERLIN (AP) _ Semiconductor maker Infineon Technologies AG says it will cut back on investment plans and introduce short-time working as global economic uncertainty weighs on demand and revenue. Infineon on Wednesday reported drops in revenue for the July-September period, its fiscal fourth quarter, and for the full fiscal year. Net profit improved in the fourth quarter but was down sharply for the full year.
Cisco 1Q income up as US businesses buying againNEW YORK (AP) _ Cisco Systems Inc., the world's largest maker of computer networking gear, said Tuesday that U.S. companies are starting to spend again, helping Cisco find more solid footing after some shaky months early this year. Cisco said its earnings rose 18 percent in the latest quarter, propelled by a renewed willingness by large U.S. businesses to invest in big-ticket networking gear, even as the federal government continued to hold back. Orders from large business customers in the U.S. rose 9 percent from a year ago.
RIM to release new BlackBerrys soon after Jan. 30TORONTO (AP) _ Research In Motion Ltd. will release its much-delayed BlackBerry 10 smartphones "not too long" after a launch event on Jan. 30, a senior executive said Tuesday. Chief Operating Officer Kristian Tear said the company is still fine-tuning the new phones.
Microsoft releases IE 10 browser for Windows 7SAN FRANCISCO (AP) _ The latest version of Microsoft's Web browser is now available to the vast audience connecting to the Internet on personal computers running on the Windows 7 operating system. The redesigned browser, Internet Explorer 10, made its debut last month when Microsoft released Windows 8, which makes dramatic changes to an operating system that has been powering PCs for decades.
Zynga CFO David Wehner deflects to FacebookNEW YORK (AP) _ Zynga's finance chief is leaving the troubled online game company to join Facebook. San Francisco-based Zynga Inc. said Tuesday that David Wehner will take a "senior finance position" at the social networking company. His exact title will be vice president of corporate finance and business planning, Facebook said.
Eisner gets back into movies with Universal dealLOS ANGELES (AP) _ Former Disney CEO Michael Eisner is getting back in the movie business. The 70-year-old said Tuesday that the media company he founded, The Tornante Company, will finance films that will be distributed by Comcast Corp.'s Universal Pictures.
Belize police urge software founder to appearBELIZE CITY (AP) _ Police urged software company founder John McAfee on Tuesday to come in for questioning and help solve the killing of his neighbor on the Caribbean island where they lived. But McAfee, the creator of the antivirus program of the same name, told The Associated Press in an email that he was not planning to turn himself in.
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