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Apple loses patent lawsuit to University of Wisconsin, faces hefty damages
Tue, 13 Oct 2015 17:45:14 -0400

An Apple logo hangs above the entrance to the Apple store on 5th Avenue in the Manhattan borough of New York CityBy Andrew Chung NEW YORK (Reuters) - Apple Inc could be facing up to $862 million in damages after a U.S. jury on Tuesday found the iPhone maker used technology owned by the University of Wisconsin-Madison's licensing arm without permission in chips found in many of its most popular devices. The jury in Madison, Wisconsin also said the patent, which improves processor efficiency, was valid. The trial will now move on to determine how much Apple owes in damages.

Intel says data center business to grow less than expected
Tue, 13 Oct 2015 18:49:37 -0400

The sign hanging outside the Intel booth is seen at the International Consumer Electronics show (CES) in Las VegasIntel Corp cut revenue growth forecast for its highly profitable business of making chips for data centers as businesses reduce spending due to weak macroeconomic growth. Intel has been counting on the data center business to help offset declining demand for its chips used in personal computers, its biggest revenue generator. The company agreed in June to acquire Altera Corp for $16.7 billion to expand its line-up of the higher-margin chips used in data centers.

Micron, Western Digital in buyout talks with SanDisk: Bloomberg
Tue, 13 Oct 2015 18:32:31 -0400

The Sandisk Corporation logo is seen as part of a display at the Microsoft Ignite technology conference in Chicago(Reuters) - Chipmaker Micron Technology Inc and hard disk drive maker Western Digital Corp are in talks with memory chip maker SanDisk Corp about a possible acquisition, Bloomberg reported on Tuesday. SanDisk, valued at about $12.6 billion as of the stock's close on Tuesday, has hired a bank to help with the process, Bloomberg reported, citing sources familiar with the matter. No decision has been made and the talks may not result in a transaction, Bloomberg reported.

Twitter announces layoffs as CEO Dorsey looks to revive growth
Tue, 13 Oct 2015 13:07:04 -0400

File picture shows an employee adjusting a screen that displays the Twitter logo ahead of the company's IPO on the floor of the New York Stock ExchangeThe layoffs, primarily in the company's engineering and product functions, come a week after Dorsey took over as permanent CEO. Shares of Twitter, which had about 4,100 employees globally as of June 30, rose as much as 6.7 percent to $30.68 on Tuesday. "We feel strongly that engineering will move much faster with a smaller and nimbler team, while remaining the biggest percentage of our workforce," Dorsey said in a letter to employees.

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