TECHNOLOGY

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Nortel CEO planning to leave soon: report

The chief executive of bankrupt Nortel Networks Corp , Mike Zafirovski, plans to leave the company soon after leading it through four years of tumult, the Wall Street Journal reported on Friday, citing people familiar with the matter.

Daily Wrap Up - August 7 Tech

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A prominent technology analyst predicted that Apple Inc. would release a tablet or mini-computer for sale early next year, and that it could boost the consumer electronics company's revenue by 3 percent in 2010. Gene Munster, a Piper Jaffray analyst said the tablet from Apple will look like an iPod Touch, but a bit larger.

China probes Internet bootcamp after teen dies

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Chinese police are investigating a bootcamp for Internet addicts after a teenage boy died, apparently following a severe beating, just hours after checking in, the official Xinhua news agency said late on Wednesday.
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Twitter site knocked down in hack attack

Twitter, the popular Internet micro-blogging service, said it is fending off a cyber attack that prevented people from accessing its website for several hours on Thursday.
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Mid-day Minute - August 6 Tech

Twitter Inc., the fast-growing microblogging service, was inaccessible Thursday morning, struck by a denial-of-service attack, the company said on its status blog. Meanwhile, Facebook's site has been sluggish and unresponsive on Thursday.
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Comcast loses more video subscribers; profits up

No. 1 U.S. cable operator Comcast Corp lost more video subscribers than expected in the second quarter amid the weak economy and stiff competition from phone and satellite companies, but profit beat forecasts due to better cost controls and tax gains.
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Avago shares jump in debut

Avago Technologies Ltd shares immediately jumped 10.1 percent in their trading debut on Thursday, following the chipmaker's initial public offering.
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Comcast profit up; basic video subscribers down

Comcast Corp , the No. 1 U.S. cable operator, reported higher quarterly profit on Thursday due to improved cost controls and a tax gain, but lost basic video subscribers amid the weak economy and competition from phone and satellite operators.
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Virgin Media sees strong growth prospects for H2

British cable operator Virgin Media pushed its customers to spend record amounts on its combined broadband, TV and phone offers in the second quarter and said on Thursday growth prospects remained strong.
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Lenovo Q1 beats expectations on China strength

The world's No. 4 PC brand, Lenovo , reported a smaller-than-expected first-quarter loss on Thursday, thanks to China's massive stimulus package and further boosting hopes of a rebound.
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Cisco cautious on recovery prospects, shares down

Cisco Systems Inc Chief Executive John Chambers said business conditions were improving for the world's largest network equipment manufacturer but it was too soon to call a recovery, dragging its shares down 3 percent.
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Britons willing to pay for enhanced media services

Britain's recession-hit consumers would rather cut back on eating out and holidays than give up their broadband, mobile phone and pay-TV services, according to a new report from media regulator Ofcom.
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Cisco wary on recovery

Cisco Systems Inc Chief Executive John Chambers said it was too soon to call a recovery and forecast another drop in quarterly revenue, sending its shares 3 percent lower.
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Final Windows 7 to roll out Thursday

Microsoft will begin its public roll-out of Windows 7's final code Thursday when it posts the official release to manufacturing (RTM) build of the OS on its for-pay developer and IT professional sites.
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Daily wrap up - August 5 - Tech

Cisco Systems Inc reported an 18 percent fall in quarterly revenue as customers held back spending on network equipment, but the decline was mostly in line with Wall Street forecasts and its profit was better than expected.
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Cisco revenue falls but profit higher than expected

Cisco Systems Inc reported an 18 percent fall in quarterly revenue as customers held back spending on network equipment, but the decline was mostly in line with Wall Street forecasts and its profit was better than expected.
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Your guide to online budget services

-- Linda Stern is a freelance writer. Any opinions in the column are hers. You can follow Linda Stern's financial notes on Twitter at http://www.twitter.com/lindastern --
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Subway rides via cell phones-still a ways away

Imagine waving your cell phone and being admitted through the turnstile of a subway station, or ordering and paying for a gift without once having to open your wallet or enter a credit-card number.
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EA shares slide, concerns about industry linger

Electronic Arts Inc shares slid nearly 7 percent on Wednesday after the game publisher's strong quarterly results failed to quell concerns about the industry's health and the company's game slate.
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Guide to online budget services: Linda Stern

Is it time to move your financial life online? A crowded field of new and established websites promises to give you all the record-keeping and budgeting advice you'll ever need -- for free.
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Mid-Day Minute - August 5 Tech

Sony Corp will begin selling this month the cheapest digital book reader for the United States, heating up the competition with Amazon.com Inc in the small but fast-growing market for electronic readers
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Google buys On2 video firm to bolster YouTube

Google on Wednesday took another step in its Web video strategy by announcing it will acquire On2 Technologies, a creator of high-quality video compression technology in order to boost its YouTube site.
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Marines banned from Facebook, Twitter and MySpace

The U.S. Marine Corps banned use of social web sites such as Twitter, MySpace and Facebook on its networks, citing security risks, while the Pentagon also said it will consider implementing similar bans.
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Sony plans $199 e-reader in Amazon challenge

Sony Corp will begin selling this month the cheapest digital book reader for the United States, heating up the competition with Amazon.com Inc in the small but fast-growing market for electronic readers.

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