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Google Buys Facial Recognition Software Developer PittPatt

Google has acquired Pittsburgh Pattern Recognition (Pittpatt), a company that has developed facial recognition technology, months after it backed off from rolling out a face recognition smartphone app called Google Goggles in its bid to outsmart Apple and Facebook.
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Nokia outlook brings relief to wary investors

Nokia said it expected its struggling cellphone business to remain profitable in the third quarter, bringing some relief to investors after it lost its lead in the smartphone market to rival Apple.
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Nokia abdicates smartphone crown to iPhone

Ailing Nokia on Thursday surrendered its lead in the global smartphone market to rival Apple and shed more market share as it reported a steep net loss for the second quarter.
Apple Inc

Apple's Cash Hoard: Keeping the Powder Dry, says CEO Jobs

Apple is hoarding record amounts of cash, currently holding $76 billion. But the company has not historically made big acquisitions. CEO Steve Jobs says Apple is merely keeping its "powder dry" for strategic opportunities in the future.
Apple iPad

Apple Gearing Up Displays For HD Movies On iPhone 5 and iPad 3

Apple has currently made some strides in the area of high definition (HD) displays for their future mobile devices. The iPhone 5 and iPad 3 are rumored to be producing HD displays that will support a lineup of 1080p movies through Apple TV, possibly hitting the market this fall. Utilizing more powerful hardware, the mobile devices are expected to run iOS 5 which can support 1080p video file output.
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Nokia set for loss on fresh smartphone pain

Investors braced for more bleak news from smartphone laggard Nokia Oyj on Thursday with the world's largest handset maker likely to post a second-quarter loss and a weak outlook.
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Nokia set for fresh smartphone pain

Investors braced for more bleak news from smartphone laggard Nokia Oyj on Thursday with the world's largest handset maker likely to post a second-quarter loss and a weak outlook.

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