tech industry

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NYC to Rival Silicon Valley as Tech Start-Up Capital?

Venture capitalist thinks it will be the new tech hub

(Newser) - In an interview in GigaOM , veteran NYC-based venture capitalist Fred Wilson is bullish on New York City as the next major center of technological innovation. He says that Internet companies based in the city are being flooded with venture capital at the same magnitude as Silicon Valley start-ups.

Why the Press Loves Apple, Google
 Why the Press 
 Loves Apple, 
 Google 
OPINION
Sep 29, 2010 1:25 PM CDT

Why the Press Loves Apple, Google

Because they're the most interesting companies in tech, that's why

(Newser) - Pew Research recently unveiled a stunningly obvious study concluding that the tech company most written about—and fawned over—by the press was (drum roll, please) Apple. In second place? You guessed it, Google. About 26% of all tech articles are about those two juggernauts. But Farhad Manjoo of Slate...

HP Sues Mark Hurd Over Trade Secrets

Execs don't want him to take job at Oracle

(Newser) - The happy little split between between Mark Hurd and Hewlett-Packard takes another turn. HP today sued its newly ousted CEO to prevent him from assuming a top job at rival Oracle. "Mark Hurd agreed to and signed agreements designed to protect HP's trade secrets and confidential information," declares...

Rumors of Mini iPad Seem Legit

A 7-inch version for $300? Now that's a hot seller

(Newser) - Tech rumors are always flying around, but one about Apple building an even smaller iPad feels like it has the weight of truth behind it, writes Kit Eaton of Fast Company . First, consider the source: China's Economic Daily News "pretty much nailed the original iPad's format and timing well...

Apple Manager Accused of Kickback Scheme

He allegedly gave inside info to suppliers

(Newser) - A little corporate intrigue in Apple land: A midlevel manager is accused of giving Asian suppliers inside info so they could negotiate better deals with the company, reports the San Jose Mercury News . It paid well, too. Paul Shin Devine of Sunnyvale, Calif., is accused of receiving more than $1...

Wii Sells 30M in US, Leaves Geeks in Dust

Nintendo has successfully moved gaming into the mainstream

(Newser) - At just under 4 years old, the Wii has already sold 30 million units in the US—and 71 million globally. Nintendo clearly has done much more than just create the fastest-selling video-game console of all time—it's made the first one to be embraced by the mainstream, writes Charlie...

13th Worker Attempts Suicide at China Plant

Man survives cutting himself at tech industry supplier

(Newser) - A Foxconn Technology worker tried to kill himself today, becoming the 13th person to commit suicide or attempt to do so this year at the company, which makes high-tech products for industry giants such as Apple, Dell, and Hewlett-Packard. Police said the 25-year-old man survived after cutting himself in his...

Apple Is Now No. 1 Tech Company
 Apple Is Now 
 No. 1 Tech 
 Company 
sorry, microsoft
May 26, 2010 4:36 PM CDT

Apple Is Now No. 1 Tech Company

It finally overtakes Bill Gates' baby

(Newser) - A business and tech milestone today: A little after 2:30pm, Apple overtook Microsoft to become the most valued technology company in the world, reports the New York Times . Apple ended the day with a market capitalization worth $222.1 billion, vs. Microsoft's $219.2 billion. Among US companies, Apple...

Steve Jobs 'Fully Operational' One Year Later

Apple's leader appears to be fine after transplant

(Newser) - A year after his liver transplant, Steve Jobs appears to be the Steve Jobs of old. He's still too thin for his own liking, but Apple's leader seems to have licked the worst of his health problems, say friends (anonymous, of course) and industry observers in an assessment by Bloomberg...

Silicon Valley Unemployed Turn From Tech

With jobs in short supply, many shift to health care, energy

(Newser) - After holding its own against the economic tide, the tech industry is hurting—and many jobless in Silicon Valley are heading to other sectors, the Wall Street Journal reports. One group that helps job-seekers grew to capacity this year, from 180 to 225 members, with 450 on the waiting list;...

Microsoft Posts First Yearly Sales Decline

(Newser) - Microsoft Corp. said today its profit in the last quarter plunged 29% because of weak computer sales, ending a fiscal year in which the software maker's revenue fell for the first time since the company went public in 1986. The results reflect how Microsoft's fortunes are tied to the PC...

Microsoft's Revenue Drops for First Time

(Newser) - Microsoft Corp. said today its quarterly revenue fell from the previous year for the first time in its 23-year history as a public company, while its profit dived 32 percent. The shortfall illustrated the toll the recession has taken on the world's largest software maker, even though it remains one...

Here Comes the New Kindle (Probably)

(Newser) - Tech bloggers reading their tea leaves say e-book fans can expect the new version of the Kindle on Feb. 9. Though maker Amazon has made no announcement, the company has scheduled a major press conference that day with chief Jeff Bezos. And, notes Brad Stone of the New York Times,...

Tech Sector Short-Circuits
 Tech Sector Short-Circuits
Nov 15, 2008 7:09 AM CST

Tech Sector Short-Circuits

Once-insulated Silicon Valley fails to outpace slowdown

(Newser) - A sudden slowdown has sent the tech industry into a slump so severe some are comparing it to the dot-com bust, the New York Times reports. The sector was confidently chugging along as recently as September but last month saw orders for both business and consumer tech rapidly plunge—"...

Wall Street's Woes Will Breed Cheaper Gadgets
Wall Street's Woes Will
Breed Cheaper Gadgets
ANALYSIS
Oct 7, 2008 7:16 PM CDT

Wall Street's Woes Will Breed Cheaper Gadgets

Luxury brands will drop prices; digital media apt to boom in downturn

(Newser) - Wall Street's current tremors will be felt in Silicon Valley for years, "worst case, the next decade," John Biggs writes in TechCrunch, and that could be good news for gadget freaks. Though pinched consumers probably won't "be able to stomach even mild extravagances," luxury brands—Apple...

Tech Holds Ground Amid Slump
 Tech Holds Ground Amid Slump 
Jul 9, 2008 7:10 PM CDT

Tech Holds Ground Amid Slump

Growth slow, but still up; unemployment below average—no dot-com bust here

(Newser) - Despite malaise in most sectors of the economy, the technology industry is weathering the downturn well, USA Today reports. Sales are up only 3% this year over 2007—a mediocre result, considering the industry usually grows by more than 10%—but with tech unemployment at 3.9% compared to 5....

Tech Giants Join Forces Against 'Patent Trolls'

Fear of lawsuits behind group effort to snap up intellectual property

(Newser) - Some of tech's biggest players are banding together to corner the market on patents key to their various businesses, the Wall Street Journal reports. Companies like Google and Verizon are afraid of being held hostage by small players with a claim on key bits of intellectual property, and wary of...

India's IT Hub Challenging Politics as Usual

Community looks to election for solution to Bangalore's crumbling infrastructure

(Newser) - For years, Bangalore—India’s answer to Silicon Valley—has endured traffic jams, power blackouts and a chaotic airport that businesses blame on politicians who’ve ignored the city’s IT elites to court rural voters. Now, Reuters reports, an updated constituency map giving urban voters more clout has hope...

Tech Biz Workers Back Barack
 Tech Biz Workers Back Barack 
ANALYSIS
Apr 14, 2008 5:19 PM CDT

Tech Biz Workers Back Barack

Young, liberal workers at Google and Yahoo like him

(Newser) - Google and Yahoo workers who have donated to presidential campaigns support Barack Obama, the Seattle Post-Intelligencer reports, donating significantly more to him than any other candidate. Obama does well with the tech industry as a whole, though his edge is less pronounced at older companies like Microsoft and Apple. Obama...

Silicon Valley's Prodigal Son Comes Home

Frank Quattrone seeks to repair his rep with new investment bank

(Newser) - Silicon Valley prodigal son Frank Quattrone is staging a comeback, poised to debut his new tech-centered investment bank Qatalyst—after years recovering from federal obstruction-of-justice charges. But now that he's back, the question is whether the industry will welcome home an errant child with open arms. Probably, BusinessWeek writes—if...

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