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Information Technology

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  • May 15- Pennsylvania State University said on Friday that two cyberattacks at its College of Engineering, including one in 2012 that originated in China, compromised servers containing information on about 18,000 people. Penn State, a major developer of technology for the U.S. Navy, said there was no evidence that research or personal data such as social...

  • May 15- Pennsylvania State University said on Friday two cyberattacks on its College of Engineering compromised servers containing personal information on about 18,000 people. The first time Penn State knew about the breach was in November, when the Federal Bureau of Investigation alerted the university, Penn State executive vice president Nicholas...

  • SAN FRANCISCO/ WASHINGTON, May 15- The Obama administration has been locked in internal wrangling over what position to take in high profile litigation between two American technology giants, Google and Oracle, according to multiple sources familiar with the discussions. Oracle won a federal appeals court ruling last year that allows it to copyright parts of...

  • SEOUL, South Korea— "Smart Relief" is a mobile app for parental control of Android smartphones. South Korea's government funded the app, which alerts parents to possible bullying based on its monitoring of phrases and words used in smartphone messages and in online searches. Such apps are criticized in South Korea as an invasion of privacy but their use is...

  • SEOUL, South Korea— Lee Chang- june can be miles away from his 12- year-old son but still know when he plays a smartphone game. In South Korea, those apps have been downloaded at least 480,000 times. Last month, South Korea's Korea Communications Commission, which has sweeping powers covering the telecommunications industry, required telecoms companies and...

  • May 14- The first batch of home automation accessories, such as thermostats and garage door openers, compatible with Apple Inc's software platform will go on sale in June, the tech company said Thursday. HomeKit is a set of tools in Apple's iOS 8 software designed to work with smart home devices. "HomeKit has been available for just a few months and we already have...

  • May 14- Applied Materials Inc, the No. 1 maker of machinery used to make semiconductor chips, posted quarterly profit and revenue above market estimates, largely driven by demand from makers of memory chips. D.A. Davidson& Co analyst Thomas Diffely said Applied Materials performed better than many investors had feared after the company's $10 billion takeover...

  • Upland Software reports 1Q loss Thursday, 14 May 2015 | 5:48 PM ET

    AUSTIN, Texas _ Upland Software Inc. on Thursday reported a loss of $3.7 million in its first quarter. For the current quarter ending in June, Upland Software said it expects revenue in the range of $17.2 million to $18 million. Upland Software shares have decreased 32 percent since the beginning of the year.

  • *Car companies use Nvidia's "supercomputer on a chip". DETROIT, May 14- It took Silicon Valley chipmaker Nvidia Corp the better part of a decade to gain acceptance as a global automotive supplier, a lesson for other technology firms hoping to make a similar transition from consumer electronics to car components. Nvidia had a thriving business in supplying...

  • UPDATE 1-Applied Materials revenue beats estimates Thursday, 14 May 2015 | 5:20 PM ET

    May 14- Applied Materials Inc's quarterly revenue and profit beat market estimates due to increased demand for its chip equipment spares, consulting services and gear used to make display screens. Revenue in its applied global services business jumped 21 percent to $646 million in the second quarter ended April 26, Applied Materials said.

  • May 14- Antivirus and security software maker Symantec Corp's quarterly profit and revenue missed Wall Street estimates, hurt by a strong dollar and lower demand for its consumer security products. Symantec, best known for its Norton antivirus software, also forecast weaker-than-expected first-quarter profit and revenue, sending its shares down 3 percent...

  • Globant posts 1Q profit Thursday, 14 May 2015 | 4:57 PM ET

    LUXEMBOURG _ Globant SA on Thursday reported first-quarter net income of $7.5 million. On a per-share basis, the Luxembourg- based company said it had profit of 22 cents. Globant shares have climbed 47 percent since the beginning of the year.

  • Symantec misses Street 4Q forecasts Thursday, 14 May 2015 | 4:31 PM ET

    MOUNTAIN VIEW, Calif.— Symantec Corp. on Thursday reported fiscal fourth-quarter profit of $176 million. Ten analysts surveyed by Zacks expected $1.56 billion. For the current quarter ending in June, Symantec expects its per-share earnings to range from 41 cents to 44 cents.

  • Symantec quarterly revenue falls 6.6 pct Thursday, 14 May 2015 | 4:13 PM ET

    May 14- Antivirus and security software maker Symantec Corp reported a 6.6 percent fall in quarterly revenue, hurt by a strong dollar and lower demand for its consumer security products. Net income attributable to the company fell to $176 million, or 25 cents per share, in the fourth quarter ended April 3, from $217 million, or 31 cents per share, a year ago.

  • Computer Sciences to split up: Sources Thursday, 14 May 2015 | 2:21 PM ET
    A sign on the headquarters campus of Computer Sciences Corporation, also known as CSC in Falls Church, Virginia.

    Computer Sciences is planning to separate its government business from its commercial information technology division, sources said.

  • May 14- Technology consulting services provider Computer Sciences Corp is planning to separate its government business from its commercial information technology division, people familiar with the matter said on Thursday. The company's shares were up 4 percent at $67.18 in afternoon trading in New York, after earlier jumping as much as 7.1 percent.

  • May 14- Technology consulting services provider Computer Sciences Corp is planning to separate its government business from its commercial information technology division, people familiar with the matter said on Thursday. An announcement on CSC's plans could come as early as next week, when the company announces its fiscal 2015 earnings on May 19, the...

  • *3rd- qtr rev $12.1 bln vs est $12.07 bln. May 13- Cisco Systems Inc's quarterly profit edged past market estimates as demand for new switches, routers, wireless gear and servers made up for sluggish spending by telecom customers and weak sales in emerging markets. He also shot down rumors that Cisco bid $9 billion for FireEye Inc, sending the cybersecurity...

  • May 13- Network equipment maker Cisco Systems Inc's quarterly profit was a cent ahead of market estimates as new switches, routers, wireless gear and servers drove demand. Cisco is transitioning towards a cycle of high-end switches and routers. Switching business accounted for more than a third of Cisco's revenue while the routing business brought in nearly a...

  • Cisco revenue rises 5 pct Wednesday, 13 May 2015 | 4:12 PM ET

    May 13- Network equipment maker Cisco Systems Inc reported a 5.1 percent rise in quarterly revenue, helped by demand for its switching equipment and routers. The company's net profit rose to $2.44 billion, or 47 cents per share, in the third quarter ended April 25, from $2.18 billion, or 42 cents per share, a year earlier. Revenue increased to $12.14 billion from...