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AP Technology NewsBrief at 7:14 p.m. EDT
(Associated Press Via Acquire Media NewsEdge) Intel raises sales forecast; shares jump 4 percentNEW YORK (AP) _ Intel Corp. raised its third-quarter revenue forecast above Wall Street's expectations Friday, citing strong demand for its chips and giving another signal that business is improving for one of the world's biggest technology companies. Intel shares rose 4 percent. The leading maker of computer microprocessors now expects sales of $8.8 billion to $9.2 billion. Its last guidance, which came July 14, was for revenue in the range of $8.1 billion to $8.9 billion.
At Singularity University, tech is seen as saviorMOUNTAIN VIEW, Calif. (AP) _ Chatter about ensuing plans permeates any graduation, though it's not common for the talk to surround which class projects will receive venture capital funding. This was a hot topic at the first commencement at Singularity University, a school that is backed by Google, operates on NASA's Silicon Valley campus and gets its name from futurist and co-founder Ray Kurzweil's favorite term for our technologically enhanced future.
Court rejects cap on cable market share _ againPHILADELPHIA (AP) _ An appeals court overturned a rule that said a cable TV company could not serve more than 30 percent of the nation's subscribers. The verdict Friday was a victory for the largest cable company, Comcast Corp., which has 25 percent share and sued to block the rule. It was an embarrassing decision for the Federal Communications Commission, which had already seen the cap rejected and imposed it again. Friday's ruling from the U.S. Court of Appeals for the District of Columbia Circuit called the limit "arbitrary and capricious," and threw it out.
Apple seals deal to bring iPhones coming to ChinaHONG KONG (AP) _ Apple Inc. will get to sell the iPhone in the world's biggest cell phone market now that it has reached a deal with a Chinese wireless carrier, China Unicom Ltd. Under a multiyear deal announced Friday, the iPhone is expected to go on sale in the fourth quarter, China Unicom executives said in Hong Kong. They declined to give financial details or reveal how much the iPhone would cost, saying only that the price would be "competitive."
Sun posts $147M loss as Oracle deal loomsSAN FRANCISCO (AP) _ Server and software maker Sun Microsystems says it lost $147 million in the April-June period as sales dropped 31 percent. The numbers reflect what might be Sun's last full quarter as an independent company. Oracle Corp. has agreed to buy Sun for $7.4 billion in a deal that still needs approval from European antitrust regulators. A decision could come any day now.
Tighter oversight on border laptop searchesWASHINGTON (AP) _ The Obama administration on Thursday put new restrictions on searches of laptops at U.S. borders to address concerns that federal agents have been rummaging through travelers' personal information. The long-criticized practice of searching travelers' electronic devices will continue, but a supervisor now would need to approve holding a device for more than five days. Any copies of information taken from travelers' machines would be destroyed within days if there were no legal reason to hold the information.
Review: Yoostar is a movie-studio-in-a-boxIf you've ever wanted to battle "The Terminator," talk smack as "The Godfather" or get in the shower with a "Psycho," now you can _ without having to move to Hollywood. The new Yoostar system, a sort of do-it-yourself film studio, allows wannabe A-listers to digitally insert themselves into famous movie scenes from the comfort of their own living rooms.
Dell's numbers show PC industry staggering backSAN FRANCISCO (AP) _ Dell Inc.'s second-quarter results reinforce what other tech heavyweights have shown recently about the health of the personal-computer industry: it's still wounded by the recession, but is staggering back to its feet, thanks to consumers, bargain prices and little "netbook" laptops for surfing the Internet. The Round Rock, Texas-based company reported Thursday that profit fell 23 percent and sales fell 22 percent in the May-July period. The results beat Wall Street's forecasts, however, sending the shares up more than 6 percent.
Fla. man in credit card data theft accepts pleaMIAMI (AP) _ A computer hacker accused of masterminding one of the largest cases of identity theft in U.S. history agreed Friday to plead guilty and serve up to 25 years in federal prison for his crimes. Albert Gonzalez of Miami was charged with conspiracy, wire fraud and aggravated identity theft charges in federal courts in New York and Boston. Court documents filed in federal court in Boston indicate the 28-year-old Gonzalez agreed to plead guilty to 19 counts and combine the two cases in federal court in Massachusetts.
State govs saying 'No thanks' to mystery laptopsCHARLESTON, W.Va. (AP) _ Even during tight budgetary times, a growing handful of state governors are proving too wary to accept laptop computers that have shown up at their offices this month, unsolicited. The FBI was investigating after the governor's offices in West Virginia, Vermont, Wyoming and Washington state received between three and five laptops _ but none had ordered any of them.
(c) 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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