TECHNOLOGY

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Olympus sticks to defense of deals despite skepticism

Japan's Olympus Corp on Thursday stuck to its defense of the deals that have come under fire since it axed its British CEO in a bitter boardroom battle, but the Tokyo Stock Exchange warned that investors might not be convinced.

Facebook likes Sweden for first Europe server site

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Social networking site Facebook is to build its first data center outside the United States in the northern Swedish town of Lulea, awarding an initial construction contract of $121 million, the companies said on Thursday.

Sony buys Ericsson out of mobile phone venture

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Sony Corp is to take over its mobile phone joint venture with Ericsson for 1.05 billion euros ($1.5 billion), as it seeks to exploit its music and video to help it catch smartphone leaders such as Apple Inc.
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Asian chipmakers see gloomy Q4; 2012 a bit brighter

Asian chipmakers, including the world's top contract chipmaker TSMC, reported sharply worsened quarterly earnings and braced for another uncertain quarter as a weak global economy hits demand for computers, though roaring growth of smartphones and tablets offered a bright spot.
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Logitech sticks to FY goals as Q2 in line

Logitech, the world's largest computer mouse maker, is sticking to its full-year outlook after posting a second-quarter net profit of $17 million, returning to the black after a loss in the previous quarter.
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Nintendo slashes forecast again to just break even

Nintendo Co Ltd slashed its annual earnings outlook for the second time this year to just break-even on Thursday, as the soaring yen and weak software sales dealt a fresh blow to the former games industry champion.
Olympus Corp President Kikukawa speaks during a news conference in Tokyo

Olympus Shares Surge after Chief Quits

Olympus Corp's shares surged in brisk trade on Thursday after its chairman and president quit and his successor said he would explain past M&A deals at the heart of a scandal that wiped out half of the firm's market value.
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Sharp cuts outlook as TV sales slide

Sharp Corp cut its full-year operating profit forecast by 12 percent, hit by sliding domestic television sales but the cut was not as bad as the market had feared.
Unthink: "Social Revolution"

Unthink: New Network Bills Itself as the Anti-Facebook

Unthink, which launched a beta version of its web site yesterday, bills itself as everything Facebook is not: it won't make deals with ad companies, it won't invade your privacy, and it will let you dictate terms of use. The site is swamped with users responding to Unthink's message of social media revolution, but will it garner enough followers to really challenge Facebook?
Olympus Corp. newly-appointed President Takayama attends a news conference in Tokyo

Olympus Sticks to Defense of M&A Deals

Japan's Olympus Corp on Thursday stuck to its defense of deals that have come under fire since the 92-year-old firm axed its British CEO in a bitter boardroom battle, repeating that the acquisitions were strategic and involved no wrongdoing.
Inefficiency

Android Market Now Accounts for More Mobile App Downloads Than Apple

Android Market now accounts for more mobile app downloads than Apple and its App Store, thanks to Google's open-source strategy, according to ABI Research. The Android platform was responsible for 44 percent of all mobile app downloads in the second quarter of 2011, as opposed to iOS's 31 percent.
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Olympus chairman quits as Japan watchdog probes firm

Olympus Corp head Tsuyoshi Kikukawa resigned on Wednesday after a scandal over hefty advisory fees wiped out half of the 92-year-old firm's market value while his successor stuck with the company's line that it had done nothing wrong.
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Is Nokia Doing Too Much?

Nokia unveiled five new phones Wednesday, with five highly different and difficult-to-remember price points and release dates. Does the company lack focus?
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New York Creates Sex Offender Facebook App

Whether they are on the social network or not, New York's convicted sex offenders have de facto Facebook profiles, as the state has released a Facebook app that gives access to its sex offender registry.
Apple iPhone 4S

iPhone 4S Jailbreak is Out

The iPhone 4S has been a hit among Apple fans with its new fast flash features but many have been looking for a jailbreak that will allow them to customize their phone to the fore. The lastest iPhone jailbreak and unlocking software is out, according to bestunlock.com.
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Amazon.com shares slump as costs weigh on outlook

Shares of Amazon.com Inc fell 11 percent on Wednesday, a day after the company forecast a disappointing outlook for the current quarter on costs related to Kindle and other investments to grow the company.
Olympus Corp President Kikukawa speaks during a news conference in Tokyo

Olympus chairman quits; Japan watchdog probes firm

Olympus Corp head Tsuyoshi Kikukawa resigned on Wednesday after a scandal over hefty advisory fees wiped out half of the 92-year-old firm's market value while his successor stuck with the company's line that it had done nothing wrong.
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BlackBerry maker delays tablet update in new setback

Research In Motion won't upgrade the software for its much-maligned PlayBook tablet computer until February, months behind schedule, and the new version still won't feature the popular BlackBerry Messenger application.
Unthink

Unthink, the ‘Anti-Facebook’: A Social Networking Revolution

Unthink says it is starting a social networking revolution. And it is serious. The Unthink homepage even features black and white photos from the Civil Rights Movement as its background. According to CNET, Unthink promises to emancipate social media and unleash people's extraordinary potential. It will be the anti-Facebook. Unthink backs this proclamation by stating that, as an online social networking hub, it will be free of privacy issues, endless redesig...

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