Friday, April 30, 2010

AP Technology NewsBrief at 5:19 p.m. EDT

(Associated Press Via Acquire Media NewsEdge) Apple shutting Lala.com; `Cloud' music on horizon?LOS ANGELES (AP) _ Apple is shutting down Lala.com, the online music retailer it bought last year. The move comes amid speculation that Apple will soon offer a way for people to access songs from distant computers. A message posted on Lala's home page late Thursday says the service isn't accepting new users and will shut down at the end of May.
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Amazon adding Twitter, Facebook to Kindle e-readerSAN FRANCISCO (AP) _ Amazon.com Inc.'s Kindle e-reader is getting access to Facebook and Twitter, along with several other enhancements, as part of a software update being sent wirelessly to the devices. In a posting on Amazon's site, the company says the new software will let users share book passages on their Twitter and Facebook accounts. The update will also let people sort books and documents into collections and lock their Kindle with a password. There also will be larger font options and the ability to zoom in on PDF documents.

Cell phone sales up 22 pct as economy recoversNEW YORK (AP) _ The number of cell phones sold worldwide rose 22 percent in the first quarter compared with a year earlier, as both the economic recovery and an appetite for smart phones drove a rebound in sales, according to research firm IDC. Research in Motion Ltd., the Canadian maker of the BlackBerry smart phones, broke into the top five of the world's largest phone makers for the first time.

Samsung Q1 net profit surges to record highSEOUL, South Korea (AP) _ Samsung Electronics said net profit surged more than six-fold in the first quarter to a record high on strong demand and higher prices for memory chips as well as increased sales of mobile phones and flat screen televisions. Samsung earned 3.99 trillion won ($3.59 billion) in the three months ended March 31, the company said Friday. It recorded net profit of 582 billion won the year before.

Steve Jobs attacks Adobe Flash as unfit for iPhoneNEW YORK (AP) _ For iPhone users who've been wondering whether their devices will support Flash technology for Web video and games anytime soon, the answer is finally here, straight from Steve Jobs: No. In a detailed offensive against the technology owned by Adobe Systems Inc., Apple's CEO wrote Thursday that Flash has too many bugs, drains batteries too quickly and is too oriented to personal computers to work on the iPhone and iPad.

HP is Palm's Silicon Valley savior in $1.4B dealSAN FRANCISCO (AP) _ Palm Inc. a pioneer in the smart phone business that couldn't quite make the comeback it needed, has agreed to be bought out by Hewlett-Packard Co. for about $1.4 billion in cash. The two Silicon Valley companies announced Wednesday that the deal will see HP pay $5.70 for every Palm common share and certain preferred shares. Also included in the $1.4 billion price tag are payments for additional preferred shares, warrants and employee restricted stock units.

Search engine Baidu's Q1 profit jumps 165 percentBEIJING (AP) _ Baidu Inc., which operates China's most popular Internet search engine, said Thursday its first-quarter profit jumped 165 percent on a rise in revenue and numbers of advertising customers. Net income in the three months to March 31 rose to $70.4 million, or $2.02 a share, the Beijing-based company said. Revenue grew 60 percent to $189.6 million.

Microsoft reaches licensing deal on HTC phonesSEATTLE (AP) _ Microsoft Corp. says it has patents covering phones that use Google Inc.'s Android software _ but unlike Apple Inc., Microsoft has reached a licensing deal rather than suing over the software. Microsoft said Wednesday that it has reached an agreement that will give HTC Corp., a Taiwanese company that is a major maker of Android phones, the rights to use technology covered by Microsoft's patents in those phone. Financial terms were not disclosed.

AOL 1Q profit slumps as ads, subscriptions waneNEW YORK (AP) _ Very little went right for AOL Inc. in the first quarter as it cut way back on staff and tried to refocus its business. The Internet company said Wednesday that tumbling online advertising revenue, along with restructuring costs, led to a 58 percent drop in first-quarter net profit. AOL shares sank $3.66, or 13.1 percent, to $24.35 in afternoon trading.

Motorola posts profit, strong sales; stock jumpsNEW YORK (AP) _ Motorola Inc. posted an unexpected profit in the first quarter, as sales of its new phones outdid its own forecasts. It also gave an outlook that was brighter than Wall Street was predicting, and its shares jumped Thursday. However, it has lost its position as the largest U.S. maker of phones to Apple Inc. Motorola sold a total of 8.5 million phones in the quarter, while Apple sold 8.8 million iPhones. Four years ago, when the Razr was still popular, Motorola sold 46.1 million phones in the first quarter.

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