AP Technology NewsBrief at 3:59 p.m. EST
(Associated Press Via Acquire Media NewsEdge) Can Apple maintain its shine NEW YORK (AP) _ For many investors, Apple's best days are behind it. Competitors are catching up, they believe, and the latest iPhone is stumbling. The company's doubters have backed their conviction with billions of dollars. Last week, the stock fell below $500 for the first time in 11 months. Since Apple's stock peaked at $705.07 on Sept. 21 _the day of the iPhone 5's release_ it has fallen nearly 30 percent, cutting Apple's market capitalization by nearly $200 billion.
Reports: Microsoft may invest in Dell buyoutNEW YORK (AP) _ Microsoft has joined the negotiations to buy struggling computer maker Dell, according to media reports. Both CNBC and The Wall Street Journal reported that Microsoft Corp. may invest some of the money needed to take Dell Inc. private after 25 years as a publicly traded company. Tuesday's stories cited unidentified people familiar with the negotiations.
Pentagon researches new life for dead satellitesLOS ANGELES (AP) _ Call it space grave robbery for a cause: Imagine scavenging defunct communication satellites for their valuable parts and recycling them to build brand new ones for cheap. It's the latest pet project from the Pentagon's research wing known for its quirky and sometimes out-there ideas. The Defense Advanced Research Projects Agency is spending $180 million to test technologies that could make this possible.
Verizon posts record 4Q loss on pension adjustmentNEW YORK (AP) _ Verizon strengthened its position as the top dog of the wireless industry in its latest quarter by raking in new subscribers and selling millions of iPhones, but also posted a record loss. The loss of $4.23 billion, or $1.48 per share, for the fourth quarter was mainly due to adjustments to the value of its pension funds and obligations, an annual routine for Verizon Communications Inc.
AT&T to buy Alltel operations for about $780MDALLAS (AP) _ AT&T Inc. said Tuesday that it has reached a deal to buy remnants of the Alltel wireless network for about $780 million to boost its spectrum holdings in rural areas. The Dallas-based phone company is buying the licenses, retail stores and network assets, along with about 585,000 subscribers, from Atlantic Tele-Network Inc. The news sent the Beverly, Mass.-based company's shares up $4.73, or 12 percent, to $44.10 in late afternoon trading. AT&T shares added 30 cents to $33.74.
Ahead of the bell: Google's 4Q to give ad insightsSAN FRANCISCO (AP) _ Google's fourth-quarter earnings report should provide a barometer on how much more advertising shifted to the Internet during the holiday shopping season. The results, due out after the stock market closes Tuesday, will also give investors a better sense on how the growing popularity of smartphones and tablet computers is affecting the prices in the digital advertising market.
Atari US files for Ch. 11 to separate from parentNEW YORK (AP) _ Video game maker Atari's U.S. operations have filed for Chapter 11 bankruptcy protection in an effort to separate from their French parent company, which is filing a similar motion separately in France. In a statement, Atari says the move is necessary to secure investments it needs to grow in mobile and downloadable video games.
Brazil police inspector removed from postRIO DE JANEIRO (AP) _ A Rio de Janiero police inspector has been removed for making disparaging remarks about female officers on his Twitter account. Inspector Pedro Paulo Pontes Pinho tweets that he has "14 women under my command and only one has the talent, courage and determination needed for police work."
Kim Dotcom's Mega site struggles under mega demandSYDNEY (AP) _ Indicted Megaupload founder Kim Dotcom admits his new file-sharing site is struggling to keep up with massive demand. Dotcom launched the "Mega" site with a lavish party on Sunday, the anniversary of his arrest on racketeering charges related to his now-shuttered Megaupload. Dotcom says 500,000 users registered for Mega within 14 hours.
Telefonica: 'No involvement' with Cuba cableHAVANA (AP) _ Spanish telecom Telefonica denied Tuesday that it has anything to do with an undersea fiber-optic cable between Cuba and Venezuela, even as an analyst who monitors global data traffic noted an additional uptick in data speed to and from the island _ suggesting the cable is in full operation. In a brief statement to The Associated Press, Telefonica SA acknowledged that it provides service to Cuba's state-run phone company, ETECSA, but disavowed any connection to the ALBA-1 cable, which was completed in February 2011.
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