Monday, July 30, 2012

Reuters: Technology News: Twitter suspends reporter's account for NBC tweet

Reuters: Technology News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com
Twitter suspends reporter's account for NBC tweet
Jul 31st 2012, 00:42

A Twitter page is displayed on a laptop computer in Los Angeles October 13, 2009. REUTERS/Mario Anzuoni

A Twitter page is displayed on a laptop computer in Los Angeles October 13, 2009.

Credit: Reuters/Mario Anzuoni

By Gerry Shih and Matthew Keys

SAN FRANCISCO | Mon Jul 30, 2012 8:42pm EDT

SAN FRANCISCO (Reuters) - Twitter Inc and NBC Universal's move to suppress a British reporter's tweets related to the network's Olympics coverage may have backfired after the incident became fodder for Twitter chatter around the world on Monday.

The microblogging service suspended Guy Adams, the Los Angeles correspondent for London-based daily The Independent, after he sent a tweet on Friday revealing NBC Olympics President Gary Zenkel's email address.

Adams was among a number of Twitter users in the United States who vented their frustration with NBC, a Comcast Corp subsidiary, for showing the London Olympics' opening ceremony on tape delay to coincide with evening prime-time in the United States.

"The man responsible for NBC pretending the Olympics haven't started yet is Gary Zenkel. Tell him what u think! Email: Gary.zenkel@nbcuni.com," Adams tweeted.

As part of his suspension, Adams' account and his tweets were rendered invisible. But in a twist of irony, the incident went viral on Monday, as "Guy Adams" became a worldwide trending topic on Twitter.

In an email to Adams, Twitter informed the reporter that he had violated "Twitter Rules" by posting another user's private information such as "private email address, physical address, telephone number, or financial documents."

NBC confirmed that it had filed a complaint with Twitter.

"A user tweeted the personal information of one of our executives," NBC Sports said. "According to Twitter, this is a violation of their privacy policy. Twitter alone levies discipline."

Adams, who estimated that he has about 4,500 Twitter followers, had been one of the more vocal critics of NBC's coverage. The Monday issue of The Independent carried an article by Adams that was broadly critical of NBC's Olympics coverage, including its commentary of the opening ceremonies, but made no mention of the Twitter incident.

"It's obviously somewhat sinister for a Twitter account to be shut down at the behest of an Olympic sponsor," Adams told Reuters on Monday.

Twitter, which entered into a strategic, non-financial partnership with NBC to curate online content during the Olympics, declined to comment.

(Editing by Leslie Gevirtz and Richard Chang)

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Reuters: Technology News: Interim Yahoo CEO Ross Levinsohn leaves company

Reuters: Technology News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com
Interim Yahoo CEO Ross Levinsohn leaves company
Jul 30th 2012, 22:22

Yahoo interim CEO Ross Levinsohn and his wife Nicole Levinsohn attend the Allen & Co Media Conference in Sun Valley, Idaho July 13, 2012.

Credit: Reuters/Jim Urquhart

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Reuters: Technology News: Cirrus Logic's quarterly revenue rises

Reuters: Technology News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com
Cirrus Logic's quarterly revenue rises
Jul 30th 2012, 20:25

Mon Jul 30, 2012 4:25pm EDT

(Reuters) - Cirrus Logic Inc reported a rise in quarterly revenue helped by an increase in sales of its audio products.

Net income for the first quarter fell to $7 million, or 10 cents per share, compared with $9.2 million, or 13 cents per share, a year earlier.

Excluding items, it earned 22 cents per share.

Revenue at the company rose 7 percent to $99 million.

The company also said it will sell assets associated with its Apex Precision Power business in Tucson, Arizona for $26 million.

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Reuters: Technology News: Seagate results miss expectations on supplier issue

Reuters: Technology News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com
Seagate results miss expectations on supplier issue
Jul 30th 2012, 20:53

Mon Jul 30, 2012 4:24pm EDT

(Reuters) - Hard drive maker Seagate Technology Plc's fourth-quarter profit rose nearly nine fold to $1.01 billion.

Excluding items, the company earned $2.41 per share.

Revenue for the three-month period ended June 29 increased 57 percent to $4.48 billion.

Analysts on average had expected a profit of $2.51 per share on $4.56 billion in revenue, according to Thomson Reuters I/B/E/S.

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Reuters: Technology News: NY comptroller says MTA sided with Apple for Grand Central Store

Reuters: Technology News
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NY comptroller says MTA sided with Apple for Grand Central Store
Jul 30th 2012, 19:12

Raindrops are seen in front of an Apple logo outside an Apple store in Shanghai February 22, 2012. REUTERS/Aly Song

Raindrops are seen in front of an Apple logo outside an Apple store in Shanghai February 22, 2012.

Credit: Reuters/Aly Song

By Ilaina Jonas

NEW YORK | Mon Jul 30, 2012 3:12pm EDT

NEW YORK (Reuters) - New York's Metropolitan Transportation Authority gave Apple Inc an inside advantage landing a lease for the technology company's store in Grand Central Terminal, according to an audit New York State Comptroller Thomas DiNapoli released Monday.

The MTA for more than a year worked behind the scenes exclusively with Apple on the lease before issuing a request for proposals, the state comptroller's office said, citing its auditor's' report. That resulted in only one response, and that was from Apple, the state comptroller's office said.

"While Apple may turn out to be a good tenant, the MTA set a troubling precedent when it played favorites and gave Apple a competitive edge over others for the Grand Central space," DiNapoli said in a statement. "Apple was directly involved in setting the terms of the lease and given exclusive access to information more than a year before any other vendor knew the Grand Central location was available."

Apple, based in Cupertino, California, signed a $2 million agreement with the former tenant, Metrazur, to vacate its space five days before the MTA issued the RFP, the comptroller said.

The MTA shot back calling the audit "not fact-based" and its conclusions "worthless," and questioning the department's ability to opine on real estate deals.

"The Comptroller's audit staff clearly has no understanding of how high-profile commercial real estate works, given the shockingly inaccurate and clearly biased audit they issued. The MTA's lease process with Apple was open, transparent and followed both the spirit and letter of the law," Joseph Lhota, MTA chairman and chief executive officer, said in a statement.

Auditors at the comptroller's office examined the Apple lease while completing a follow-up audit of the MTA's real estate practices. They found that only two of 12 recommendations from the 2010 audit had been fully implemented.

DiNapoli is recommending a statutory change to increase oversight of public authority contracts exceeding one million dollars. "Because the MTA lease to Apple was purportedly a competitive process, it was not eligible for the Comptroller's review before it was finalized," the comptroller's office said.

Michaela Wilkinson, an Apple spokeswoman, declined comment.

(Reporting by Ilaina Jonas; Editing by Gary Hill)

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Reuters: Technology News: Twitter suspends reporter's account for NBC tweet

Reuters: Technology News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com
Twitter suspends reporter's account for NBC tweet
Jul 30th 2012, 19:43

A Twitter page is displayed on a laptop computer in Los Angeles October 13, 2009. REUTERS/Mario Anzuoni

A Twitter page is displayed on a laptop computer in Los Angeles October 13, 2009.

Credit: Reuters/Mario Anzuoni

By Gerry Shih and Matthew Keys

SAN FRANCISCO | Mon Jul 30, 2012 3:43pm EDT

SAN FRANCISCO (Reuters) - Twitter Inc and NBC Universal's move to suppress a British reporter's tweets related to the network's Olympics coverage may have backfired after the incident became fodder for Twitter chatter around the world on Monday.

The microblogging service suspended Guy Adams, the Los Angeles correspondent for London-based daily The Independent, after he sent a tweet on Friday revealing NBC Olympics President Gary Zenkel's email address.

Adams was among a number of Twitter users in the United States who vented their frustration with NBC, a Comcast Corp subsidiary, for showing the London Olympics' opening ceremony on tape delay to coincide with evening prime-time in the United States.

"The man responsible for NBC pretending the Olympics haven't started yet is Gary Zenkel. Tell him what u think! Email: Gary.zenkel@nbcuni.com," Adams tweeted.

As part of his suspension, Adams' account and his tweets were rendered invisible. But in a twist of irony, the incident went viral on Monday, as "Guy Adams" became a worldwide trending topic on Twitter.

In an email to Adams, Twitter informed the reporter that he had violated "Twitter Rules" by posting another user's private information such as "private email address, physical address, telephone number, or financial documents."

NBC confirmed that it had filed a complaint with Twitter.

"A user tweeted the personal information of one of our executives," NBC Sports said. "According to Twitter, this is a violation of their privacy policy. Twitter alone levies discipline."

Adams, who estimated that he has about 4,500 Twitter followers, had been one of the more vocal critics of NBC's coverage. The Monday issue of The Independent carried an article by Adams that was broadly critical of NBC's Olympics coverage, including its commentary of the opening ceremonies, but made no mention of the Twitter incident.

"It's obviously somewhat sinister for a Twitter account to be shut down at the behest of an Olympic sponsor," Adams told Reuters on Monday.

Twitter, which entered into a strategic, non-financial partnership with NBC to curate online content during the Olympics, declined to comment.

(Editing by Leslie Gevirtz and Richard Chang)

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Reuters: Technology News: PMC-Sierra second-quarter beats expectations

Reuters: Technology News
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PMC-Sierra second-quarter beats expectations
Jul 30th 2012, 19:32

Mon Jul 30, 2012 3:32pm EDT

(Reuters) - Chipmaker PMC-Sierra Inc's second-quarter results came in slightly above estimates, even as revenue fell due to slowing sales to its storage customers.

The company, which makes chips used for networking servers in data centers, posted a profit of $26.5 million, or 12 cents per share, compared with $16.7 million or 7 cents per share, a year earlier.

The second quarter results were boosted by a tax credit of $28.5 million.

Excluding one-time items, the company earned a profit of 9 cents per share, above the 8 cents per share expected by analysts, according to Thomson Reuters I/B/E/S.

Revenue fell 19 percent to $137.8 million during the three-month period, slightly above the $137.6 million expected by analysts on average.

The company's shares were down 1 percent at $5.93 on the Nasdaq on Monday afternoon.

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