Microsoft has announced that it is cutting 7,800 jobs and writing off $7.6 billion (around £4.95 billion, or AU$10.2 billion) related to its acquisition of Nokia. Rumors were already flying earlier today that a raft of job cuts were coming and that the phone business is where the brunt of the positions will be lost. “We are moving from a strategy to grow a standalone phone business to a strategy
A federal judge has thrown out a $532.9 million award against Apple Inc and ordered a new trial on damages, in a case where a jury found that the iPhone maker’s iTunes software infringed three patents owned by a Texas company. In a decision on Tuesday, U.S. District Judge Rodney Gilstrap in Tyler, Texas, said jurors who on Feb. 24 awarded the damages to Smartflash LLC because of Apple’s willful
(Reuters) – Apple Inc is asking suppliers to manufacture up to 90 million units of two new iPhone models with 4.7-inch and 5.5-inch displays by Dec. 31, the Wall Street journal reported. The phones are also expected to feature Force Touch technology which can distinguish between a light tap and deep press, people familiar with the matter told the Journal. (http://on.wsj.com/1eFV9iZ) The screen sizes are the same as in the
By Joseph Menn SAN FRANCISCO (Reuters) – A hacking group best known for breaking into top-tier technology companies Apple Inc, Facebook Inc and Twitter Inc more than two years ago is now believed to be one of a handful of highly skilled independent gangs pursuing corporate secrets for profit. According to new research from the largest U.S. security software vendor, Symantec Corp, the group appears to be among the few
A federal judge has thrown out a $532.9 million award against Apple Inc and ordered a new trial on damages, in a case where a jury found that the iPhone maker’s iTunes software infringed three patents owned by a Texas company. In a decision on Tuesday, U.S. District Judge Rodney Gilstrap in Tyler, Texas, said jurors who on Feb. 24 awarded the damages to Smartflash LLC because of Apple’s willful
Software security company Symantec Corp is in talks to sell its Veritas data storage business to private equity firm Carlyle Group LP , a person familiar with the matter said on Tuesday. Bloomberg News reported earlier that Symantec was nearing a deal to sell Veritas to Carlyle for between $7 billion and $8 billion, citing people with knowledge of the matter.
(Reuters) – Apple Inc is asking suppliers to manufacture up to 90 million units of two new iPhone models with 4.7-inch and 5.5-inch displays by Dec. 31, the Wall Street journal reported. The phones are also expected to feature Force Touch technology which can distinguish between a light tap and deep press, people familiar with the matter told the Journal. (http://on.wsj.com/1eFV9iZ) The screen sizes are the same as in the
By Joseph Menn SAN FRANCISCO (Reuters) – A hacking group best known for breaking into top-tier technology companies Apple Inc, Facebook Inc and Twitter Inc more than two years ago is now believed to be one of a handful of highly skilled independent gangs pursuing corporate secrets for profit. According to new research from the largest U.S. security software vendor, Symantec Corp, the group appears to be among the few
Software security company Symantec Corp is in talks to sell its Veritas data storage business to private equity firm Carlyle Group LP , a person familiar with the matter said on Tuesday. Bloomberg News reported earlier that Symantec was nearing a deal to sell Veritas to Carlyle for between $7 billion and $8 billion, citing people with knowledge of the matter.
Most of the job cuts will be in the phone hardware business, underscoring the company’s shift in focus to software and cloud from hardware. About a third of the layoffs will be in Finland, where Microsoft will shut down a product development unit, according to Finland’s national broadcaster YLE. This is the second round of job cuts since Satya Nadella took over as chief executive in February 2014.
