Microsoft profit dips on charges, while sales jump
SEATTLE (Reuters) - Microsoft Corp said on Thursday fiscal first-quarter profit fell 13 percent as it took a $1.1 billion charge related to mass layoffs announced in July. The world's largest software company reported profit of $4.5 billion, or 54 cents per share, compared with $5.2 billion, or 62 cents per share, in the year-ago quarter. Revenue rose 25 percent to $23.2 billion, helped by the phone business it bought from Nokia in April, easily beating analysts' average estimate of $22 billion. (Reporting by Bill Rigby; Editing by Chris Reese)
Amazon holiday quarter sales forecasts disappoint, shares dive
SAN FRANCISCO (Reuters) - Amazon.com Inc's sales projections for the crucial holiday quarter disappointed, and third-quarter results missed Wall Street's targets, sending the online retailer's shares 9 percent lower. Some analysts fear that the U.S. holiday shopping season, the biggest quarter for most retailers, might turn out weaker than anticipated. The company projected on Thursday net sales of between $27.3 billion and $30.3 billion for the holiday quarter, lagging the $30.89 billion analysts had expected on average. ...
Google bolsters artificial intelligence efforts, partners with Oxford
By Alexei Oreskovic SAN FRANCISCO (Reuters) - Google Inc is expanding its artificial intelligence initiative, hiring more than half a dozen leading academics and experts in the field and announcing a partnership with Oxford University to "accelerate" its efforts. Google will make a "substantial contribution" to establish a research partnership with Oxford's computer science and engineering departments, the company said on Thursday regarding its work to develop the intelligence of machines and software, often to emulate human-like intelligence. ...
Apple ponders sapphire options, leaves door open for GT
(Reuters) - Apple Inc said on Thursday it is studying options for sapphire supply and might work again with GT Advanced Technologies Inc if the distressed supplier can reduce production costs for the scratch-resistant material. GT, a former stock market darling and supplier to Apple, filed for bankruptcy on Oct 6 in a stunning turn of events for a company whose fortunes looked bright only a few months ago. Apple said on Thursday that GT's "ambitious" vision of sapphire manufacturing was ultimately not quite ready for primetime. ...
U.S. senator asks Internet providers to commit to no 'fast lanes'
By Alina Selyukh WASHINGTON (Reuters) - U.S. Senate Judiciary Committee Chairman Patrick Leahy on Thursday pressed large Internet providers to pledge that they will not strike deals that may help some websites load faster than others or give similar "fast lanes" to affiliated services. As regulators work on new so-called "net neutrality" rules, Leahy wrote to chiefs of AT&T Inc, Verizon Communications Inc, Time Warner Cable Inc and Charter Communications Inc. ...
GrubHub revenue jumps as more customers order food online
(Reuters) - GrubHub Inc reported a more than five-fold jump in quarterly profit as more consumers used the online food-order-and-delivery company to order meals. The company's shares rose as much as 6 percent to $39.50 in early trading on Thursday. GrubHub, which delivers everything from expensive steaks to bento boxes, receives a commission from restaurants on orders booked through its website and mobile application. Online food delivery companies have been benefiting as more people use smartphones and other devices to order online. ...
Qlik revenue rises 26 percent on demand for business analytics software
(Reuters) - Qlik Technologies Inc reported a 26 percent rise in quarterly revenue, helped by demand for its business analytics software and an increase in license and maintenance deals. The company reported a net loss of $14.4 million, or 16 cents per share, in the third quarter ended Sept. 30 from a profit of $3 million, or 3 cents per share, a year earlier as expenses rose by a about a third Excluding items, the company earned 1 cent per share. Analysts were expecting the company to breakeven on a per share basis, according to Thomson Reuters I/B/E/S. Total revenue rose to $131. ...
Google’s amazing Project Ara phone getting its own store for expansion modules
Google’s modular smartphone isn’t just an interesting concept anymore, as Google is very interested in offering such devices to users next year. Project Ara phones will let users build whatever smartphone they desire — provided they have access to the appropriate modules — and Google will create a special, Google Play Store-like storefront where modules developers will be able to sell their creations. FROM EARLIER: The iPhone 6 might be low-res, but Apple’s highest-resolution device ever is coming soon “By following the Android model, we are creating a free and open platform…” Google’s Paul Eremenko said in an interview at Purdue University. ”The Ara MDK is free and open and available to everybody, so everybody could create a module per
US tech firm fined for underpaying Indian workers
SAN FRANCISCO (AP) — A Silicon Valley company is paying more than $43,000 in back wages and penalties after labor regulators found eight employees brought from India were grossly underpaid and overworked while assigned to a special project in the U.S.
Amazon's losses balloon to $437 million in its third quarter earnings
Amazon posted its third quarter earnings results today and they were not pretty: the company said it had a net loss of $437 million dollars, more than ten times what is lost for the same period in 2013 and four times its losses from last quarter. Its revenues grew to $20.84 billion, an increase of 20 percent over the same period last year, but less than what investors were expecting. In its projections for next quarter, Amazon said it expects the red ink to keep spreading, with losses growing to $570 million.
Microsoft's Q1 2015: Surface growing strongly and Lumia sales up
Microsoft has published its Q1 fiscal 2015 earnings report, and the company has made $4.5 billion in net income on $23.20 billion in revenue. Microsoft's drop in profits are largely related to $1.14 billion of integration and restructuring expenses following the Nokia phone business acquisition. With the launch of the Surface Pro 3 in late June, we’ve finally got a full quarter of Surface revenue that includes Microsoft’s latest tablet.
Samsung explains the Galaxy Note 4’s design in words you’ll never comprehend
Samsung isn’t shy about using rhetorical excess to describe its devices — recall that it once described the Galaxy S4 as “a precious stone glittering in the dark or countless stars sparkling in the night sky,” while it said the Galaxy S III “opens up new horizons and allows you to live your life extraordinarily” by being “enhanced with nature and human emotion.” You’ll be happy to know that Samsung hasn’t toned down its approach when it comes to marketing the Galaxy Note 4, as the company has just written an explanation for its new device’s design that explains why it’s the epitome of “modern sleek.” RELATED: Samsung execs explain why the Galaxy S4 is a ‘life companion’ more than a
Hugely underrated iOS 8 trick lets you share your location with friends at all times
If you use Facebook, Apple Maps, or Google Maps, it’s pretty easy to find where you are on a map with GPS. But what about when you want others to know where you are at any given time? Imagine if you’re in a car wreck and no one knows where you are. Or if a loved one is picking you up and they don’t know the exact address where you’re standing. It would be helpful for friends, family and the police to be able to find you with a location-sharing option for your iPhone, and luckily iOS 8 does just that. RELATED: Hero cop uses Find My iPhone to save a woman’s life This particular feature isn’t obvious when you’re just playing around on your iPhone,
Microsoft co-founder Paul Allen donating $100 million to fight Ebola
Microsoft co-founder Paul Allen will contribute "at least" $100 million to fight the spread of Ebola, he announced Thursday. In a tweet, Allen revealed the new donation amount and urged others to make their own contributions — big or small. "Everybody feels called sometimes to really pursue a certain thing that resonates with them, and this has resonated with me," Allen told The New York Times. "We’re up against an extremely tough opponent here. Join me in helping those responding to this outbreak at http://t.co/6Nd1JWfPEF — Paul Allen (@PaulGAllen) October 23, 2014
Brainstorming plans to fix democracy and fight zombies
This week the CraveCast crew took up the task of remaking democracy in the image of nerds and geeks everywhere, and learned the best way to fight zombies: Make friends with a bear...and hope it doesn't get infected.>
The Vergecast, live today at 4:30ET
The Vergecast is back after two weeks of big news from Apple and Google, so we're going to definitely talk about the two weeks of big news from Apple and Google. Also, Twitter wants to convince developers that it this time it won't pull the football away. Really, it promises. Join Nilay Patel, Dieter Bohn, and David Pierce at 4:30 ET, which is in the future. A future where the only thing missing will be hoverboards — oh wait, we're getting those too.
Gamergate can't stop being about harassment
Yesterday, actress, gamer, and geek icon Felicia Day wrote a piece called "Crossing the Street," about how the Gamergate campaign had made her hesitant to engage with a culture she loves, knowing that anything she says could provoke a flood of angry, condescending abuse. At best. At worst, she could become one of the string of women who have left home, temporarily or semi-permanently, due to threats from people who "doxxed" them and found their home addresses. Day explained why she was particularly worried about this:
These guys are out to kill Bigfoot
Gulf Coast residents have reported a huge, hairy hominid stalking their property. Crave's Eric Mack questions the man leading the hunt to kill a Sasquatch to prove the legend is real.>
Comcast wins more Internet customers, ad sales up
NEW YORK (AP) — Comcast Corp.'s third-quarter net income jumped 50 percent in the third quarter, helped by a one-time tax settlement, growth in Internet subscribers and fewer defectors from its cable service.
You can bring Google’s gorgeous new Material Design to your Android keyboard right now
It’s an exciting time to be an Android user, but the latest update isn’t available for your phone quite yet. In fact, most smartphones won’t be receiving Android 5.0 for at least another few months, but that doesn’t mean you can’t start to experience some of what Material Design has to offer. SwiftKey revealed on Thursday two new Material Design themes for its keyboard app, both of which are available right now. PREVIOUSLY: Fantastic video tells you everything you need to know about Android L’s beautiful new design The Material Dark and Material Light themes, as seen above, were designed “in the spirit of the upcoming Android L keyboard.” Of course, both themes still include a few of the features that make
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Facebook goes retro with 'Rooms' chat app
Facebook on Thursday released an application that lets people create virtual "rooms" to chat about whatever they wish using any name they would like. "Rooms" software introduced in the US and Britain for iPhone made its debut as Facebook tries to make peace with people unhappy that real identities are mandated for profiles at the world's leading social network. "One of the things our team loves most about the Internet is its potential to let us be whoever we want to be," said a blog post from Facebook's Creative Labs. "Forums, message boards and chatrooms were meeting places for people who didn't necessarily share geographies or social connections, but had something in common," the Creative Labs message noted.
Here’s what you can do with an NFC chip implanted in your hand
Over the past few years, the Internet of Things has become a major topic of conversation in the world of technology. Within the next decade or so, everything in our homes might be connected to the Internet, from our phones and televisions to our kitchen appliances and our smoke detectors. Before too long, we may even connect ourselves to this ever-expanding network, as Robert Nelson recently did. Writing for Connectedly, Nelson explains why he decided to inject an NFC chip into his left hand, and the subsequent effects of latent connectivity. The process of acquiring an injectable NFC chip is surprisingly simple: direct your browser to the Dangerous Things website, pay $99 for a 13.56MHz ISO14443A & NFC Type 2 NTAG216 RFID
Video: This is the first TV commercial for Apple Pay
Is Apple Pay the future of the payment industry? Is it just an overhyped fad that will eventually vanish from sight like Google Wallet? Early indications certainly seem to suggest that the former may in fact be the case, but we won’t know for certain for quite some time. In the meantime, the early response to Apple’s mobile wallet solution has been tremendous as users continue to enjoy this frictionless mobile payment solution in the few establishments where Apple Pay is currently accepted. Now, as companies begin a campaigns in support of Apple’s payment solution, the first TV commercial featuring Apple Pay has been aired. DON’T MISS: A new iPhone 6 problem arises: Dye from jeans is ruining the iPhone’s plastic strips
Ello becomes a public-benefit corporation with mandate to not sell ads
Ello exploded in popularity last month partly on the grounds that it would remain ad-free and never sell users' data, and today it's putting those promises down in legal writing. Ello says that it has converted to a public benefit corporation, with its charter prohibiting it in "the strongest legal terms possible" from making money by selling ads or user data. While Ello doesn't publish the exact language used, the idea is that as a public-benefit corporation it has to serve both investors and non-investors alike — that way, it won't always be thinking about money.