Cisco quits set-top box market, sells business to Technicolor

From PC World: After ten years of making networked set-top boxes, Cisco Systems plans to quit the business, selling its Connected Devices division to French firm Technicolor, the companies said Thursday.

Although Cisco will stop making video customer premises equipment for service providers, it...

Critical security flaws patched in latest Chrome release

From CNET: Google has patched 43 security problems, many of them deemed critical, in the latest update to the Chrome browser.

On Wednesday, Google pushed Chrome 44 for Windows, Mac and Linux to the stable channel and for public release. As part of the Chrome 44.0.2403.89 update, 43 bugs have been...

Qualcomm to cut 15% of workforce as part of 'realignment plan'

From CNET: Following restructuring murmurs earlier this week, Qualcomm confirmed those plans with further details while publishing third-quarter financial results after the bell on Wednesday.

The tech giant reported a net income of $1.2 billion, or 73 cents per share (statement). Non-GAAP earnings...

In Q2, Yahoo spent and spent to achieve unusual growth

From ComputerWorld: Yahoo reported on Tuesday an uncharacteristic rise in revenue for the second quarter, but it came with a hefty sum spent on boosting its search traffic.

Total sales for the period ending June 30 were $1.24 billion, up 15 percent from the previous year. In the company's...

Apple misses iPhone estimates, but sales and profits excel

From InfoWorld: Apple reported an unusual misstep in the April-to-June quarter, selling fewer iPhones than analysts had been expecting, but it wasn't all bad news from Cupertino.

Sales of the iPhone 6 and 6 Plus were 47.5 million units, lower than the roughly 49 million phones that analysts had...

Higher-end phones help Huawei rake in the cash

From PC World: Huawei Technologies’ shift to selling high-end smartphones is paying off. The more expensive devices helped almost double the company’s handset revenue in this year’s first half.

Although Chinese brands have a reputation of selling cheap, low-end products, Huawei is out to make...

For Apple, more success raises more questions

From CNET: By virtually any measure, Apple posted solid financial results. But for the investors who follow the company, solid just isn't good enough.

Apple's third quarter is typically its slowest. It's sandwiched between the Dad-and-grad shopping season, and the back-to-school and iPhone launch...

IBM's Q2 sales slide 13 percent on sale of low-end server unit

From InfoWorld: IBM has reported another quarter of declining revenue and profit, though sales of its new mainframe gave it a lift.

Revenue for its second quarter was $20.8 billion, down from $24 billion a year earlier, IBM announced Monday.

The big drop is partly from IBM selling its x86 server...

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