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  • QAD Inc. posts 1Q profit Thursday, 28 May 2015 | 4:36 PM ET

    SANTA BARBARA, Calif. _ QAD Inc. on Thursday reported fiscal first-quarter net income of $549,000, after reporting a loss in the same period a year earlier. For the current quarter ending in July, QAD Inc. expects its per-share earnings to be 11 cents. QAD Inc. expects full-year earnings to be 84 cents per share, with revenue expected to be $295 million.

  • But he said it was accelerated by a firestorm that erupted three months ago when researchers found a worrisome security flaw in Superfish software that came pre-installed on some laptop computers sold by Lenovo. Lenovo said it thought consumers would find that useful, but critics called it intrusive and annoying. The discovery prompted consumer lawsuits...

  • Google unveils Android's latest technological tricks Thursday, 28 May 2015 | 1:50 PM ET

    SAN FRANCISCO— Google's next version of its Android operating system will boast new ways to fetch information, pay merchants and protect privacy on mobile devices as the Internet company duels with Apple in the quest to make their technology indispensable. The upgrade will give Android's personal assistant, Google Now, expanded powers of intuition that may...

  • *Broadcom, Avago shares slip after big rise on Wednesday. May 28- Avago Technologies Ltd agreed to buy Broadcom Corp for $37 billion in the biggest chip industry deal ever, creating a company that will be able to supply chips used in everything from iPhones to servers used in data centers. Avago, a maker of chips for the wireless and industrial markets, is offering...

  • UPDATE 1-Avago to buy Broadcom in $37 bln chip deal Thursday, 28 May 2015 | 7:41 AM ET

    May 28- Avago Technologies Ltd said it would buy fellow chipmaker Broadcom Corp in a cash-and-stock deal valued at $37 billion. Avago, a maker of chips for the wireless and industrial markets, is offering Broadcom shareholders $17 billion in cash and Avago shares valued at $20 billion. Broadcom had a market value of $28.85 billion as of Tuesday's close, while...

  • NEW YORK— Avago Technologies is buying rival chipmaker Broadcom in a cash and stock deal worth about $37 billion, vastly expanding its lineup of products for the rapidly growing wireless device market at a time when sales growth has otherwise been tough to come by for smaller chipmakers. Hock Tan, Avago's president and chief executive, says that the deal will...

  • Tech Data beats Street 1Q forecasts Thursday, 28 May 2015 | 6:09 AM ET

    CLEARWATER, Fla. _ Tech Data Corp. on Thursday reported fiscal first-quarter net income of $51.3 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share. Tech Data shares have dropped 3 percent since the beginning of the year.

  • YANGON, May 28- Myanmar scrapped a proposed 5 percent tax on mobile phone top-up cards after lawmakers voted against the levy, the state-owned Global New Light of Myanmar newspaper said on Thursday, as one of the world's once least connected nations fast catches up. Following the reforms, people in Myanmar have been buying smartphones and topping them up en masse.

  • Meet Helpling, the Uber for cleaners Wednesday, 27 May 2015 | 7:08 PM ET

    The "Uber for cleaners" has swept into Singapore, and it's planning to scrub up an industry it says is full of scams and black-market operators.

  • Palo Alto reports 3Q loss Wednesday, 27 May 2015 | 4:21 PM ET

    SANTA CLARA, Calif. _ Palo Alto Networks Inc. on Wednesday reported a loss of $45.9 million in its fiscal third quarter. Eleven analysts surveyed by Zacks expected $222.4 million. Analysts surveyed by Zacks had expected revenue of $246 million.

  • Software glitch can cause iPhones to crash Wednesday, 27 May 2015 | 3:31 PM ET

    AP Technology Writer— A newly-discovered glitch in Apple's software can cause iPhones to mysteriously shut down when they receive a certain text message. Apple says it's aware of the problem and is working on a fix. But some pranksters are sharing information about the glitch on social media and using it to crash other peoples' phones.

  • GM to offer Android, Apple systems in many 2016 models Wednesday, 27 May 2015 | 3:04 PM ET

    General Motors made the biggest move so far Wednesday, announcing that both systems will be available in seven 2016 Chevrolet models starting in the summer. Earlier in the week, Hyundai announced the Android system in the Sonata midsize car. People are familiar with smartphones and have music libraries, podcasts, social media contacts and other personal items...

  • TORONTO, May 27- Canadian payments software startup Payfirma has raised C $13 million in its first institutional funding round and is considering an initial public offering in 2016, its chief executive officer said on Wednesday. CEO Michael Gokturk said in an interview the company is considering an IPO as early as 2016, and could list in Toronto and New York.

  • UPDATE 1-German regulator expects "lively" mobile auction Wednesday, 27 May 2015 | 8:34 AM ET

    FRANKFURT/ MAINZ, Germany, May 27- Germany started an auction of radio frequencies for mobile phone network operators, hoping to raise billions of euros to help improve a national broadband network that has fallen behind those of poorer countries such as Hungary, Portugal and Spain. "The auction will point the way for the development of mobile services in Germany,"...

  • The total average cost of a data breach is now $3.8 million, up from $3.5 million a year ago, according to a study by data security research organization Ponemon Institute, paid for by International Business Machines Corp.. Data breaches are becoming more common and significant, with high-profile attacks on Sony Corp, JPMorgan Chase and retailers Target Corp...

  • KARACHI, Pakistan— A Pakistani judge ordered police Wednesday to hold and question the embattled CEO of a software company for a week on allegations he oversaw a global diploma mill, as broadcasters aired images of blank degrees stacked in his firm's offices. The judicial order marked the latest crisis for Shoaib Sheikh, the top official at Axact, a software...

  • NEW YORK, May 27- Long before the phrase "robo-adviser" existed, Sunnyvale, California- based Financial Engines was cornering the untapped 401 plan market with computer simulations to help people save for retirement. To hang onto those investors- and find others- Financial Engines is planning to go up against other so-called "robo-advisers," companies that use...

  • WASHINGTON/ SAN FRANCISCO, May 26- The Obama administration on Tuesday sided against Google Inc and said the U.S. Supreme Court should not hear the company's appeal in a case against Oracle Corp with wide implications for the technology industry, according to a court filing. Oracle won a federal appeals court ruling last year that allows it to copyright parts of...

  • Germany opens the bidding for mobile phone airwaves Tuesday, 26 May 2015 | 7:01 PM ET

    FRANKFURT, May 27- Germany starts an auction of radio frequencies for mobile phone network operators on Wednesday, hoping to fill state coffers with billions of euros which it plans to use to help improve the country's fast broadband network. Fifteen years later and the number of network operators competing for the mix of 4 G frequencies has been reduced from...

  • *Forecasts Q2 rev $270 mln- $274 mln vs est $272.4 mln. May 26 (Reuters)- Human resource software company Workday Inc forecast current-quarter billings below market expectations and reported a bigger quarterly net loss due to higher spending on marketing and product development. That number fell below market research firm FactSet StreetAccount's estimate of...