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Reuters: Technology News
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Avid shares surge on first profit in 4 years
(Reuters) - Shares of Avid Technology Inc jumped 25 percent to a six-month high after the maker of digital audio and video editing products reported a quarterly profit for the first time in four years.
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Sprint loss widens on iPhone costs
(Reuters) - Sprint Nextel posted a wider quarterly loss, reflecting the higher costs of selling Apple Inc's iPhone. Plus its subscriber growth fell short of expectations, which sent the company's shares down 3.7 percent.
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Optimism springs eternal in Cisco shares ahead of results
NEW YORK/CHICAGO (Reuters) - Cisco's earnings have had a way of crushing the dreams of optimists in the last two years.
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Inmarsat has not received bid approaches: source
LONDON/BANGALORE (Reuters) - British satellite operator Inmarsat has not received any takeover approaches, a source close to the company said on Wednesday, after speculation had driven the shares up as much as 10 percent.
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Silicon Graphics shares dive on margin worries
(Reuters) - Concerns about shrinking profit margins at Silicon Graphics International sparked a sell-off in the company's stock that wiped away a quarter of its value, a day after it posted weak quarterly results and slashed its full-year earnings outlook.
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News Corp reaches more phone hacking settlements
LONDON (Reuters) - A further 15 politicians, sportsmen and celebrities reached settlements with the British newspaper arm of Rupert Murdoch's News Corp on Wednesday over a phone hacking scandal that has rocked his global media empire.
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AOL hires chief content officer for troubled Patch
(Reuters) - AOL Inc, which has been investing heavily in content to make up for declining revenue from dial-up Internet access, has hired an executive for the newly created position of chief content officer at its struggling Patch hyperlocal news network.
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Yahoo chairman exits, review drags on
SAN FRANCISCO (Reuters) - Yahoo Inc Chairman Roy Bostock and three other directors will step down as the struggling company ploughs ahead with an internal overhaul, including discussions on dealing with its stakes in China's Alibaba Group and Yahoo Japan.
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Analysis: More than just Great Firewall awaits Facebook in China
SHANGHAI (Reuters) - When it comes to China, Facebook should consider itself forewarned. Cracking the world's biggest Internet population might seem an obvious ambition for the social networking giant as it trumpets its global growth before a $5 billion initial public offering, but the chances it will succeed look slim.
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Nokia to axe 4,000 jobs, move assembly to Asia
HELSINKI (Reuters) - Struggling Finnish phone maker Nokia plans to cut 4,000 more jobs at its plants in Finland, Hungary and Mexico as it seeks to cut costs by moving smartphone assembly work to Asia.
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