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Samsung Electronics downbeat on third quarter prospects as profits slide
Customers attend a workshop about the Samsung Galaxy S5 in JakartaBy Se Young Lee SEOUL (Reuters) - Samsung Electronics Co Ltd. on Thursday reported its worst quarterly profit in two years and flagged uncertain earnings prospects for its key handset business, fuelling worries about its ability to return to growth. The downbeat guidance, as well as Samsung's decision to keep its interim dividend unchanged from last year, put the shares of South Korea's biggest company by market value on track for their worst daily percentage decline in nearly eight months. Samsung expects July-September handset shipments to pick up by 10 percent from the previous quarter and said it planned to release a new premium smartphone employing a new design and material, underscoring efforts by the world's largest smartphone maker to regroup. With its flagship Galaxy S5 smartphone outsold by Apple Inc's iPhone 5S in May and its cheaper devices feeling the squeeze from Chinese rivals like Xiaomi, Samsung also vowed to revamp its mid-to-low-tier product lineup with more aggressive pricing and a focus on a smaller set of products.
Thu, 31 Jul 2014 00:47:05 -0400
Microsoft ordered by U.S. judge to submit customer's emails from abroad
News ImageBy Joseph Ax NEW YORK (Reuters) - Microsoft Corp must turn over a customer's emails and other account information stored in a data center in Ireland to the U.S. government, a judge ruled on Thursday, in a case that has drawn concern from privacy groups and major technology companies. Microsoft and other U.S. companies had challenged the warrant, arguing it improperly extended the authority of federal prosecutors to seize customer information held in foreign countries. Following a two-hour court hearing in New York, U.S. District Judge Loretta Preska said a search warrant approved by a federal magistrate judge required the company to hand over any data it controlled, regardless of where it was stored.
Thu, 31 Jul 2014 13:33:03 -0400
Smartphone management flaws puts users at risk, researchers say
News ImageBy Eric Auchard VIENNA (Reuters) - Security researchers have revealed two separate threats this week they say could put up to 90 percent of the world's 2 billion plus smartphones at risk of password theft, stolen data and in some cases let hackers take full control of devices. One vulnerability involves flaws in the way scores of manufacturers of Apple, Google Android and Blackberry devices, among others, have implemented an obscure industry standard that controls how everything from network connections to user identities are managed. The threat could enable attackers to remotely wipe devices, install malicious software, access data and run applications on smartphones, Mathew Solnik, a mobile researcher with Denver-based cyber security firm Accuvant, said in a phone interview. A separate threat specifically affecting up to three-quarters of devices running older Android software has been unearthed by researchers at Bluebox Security of San Francisco.
Thu, 31 Jul 2014 10:35:27 -0400
China slams Canada for 'irresponsible' hacking accusations
China's foreign ministry accused Canada on Thursday of making irresponsible accusations lacking any credible evidence after Canada singled out Chinese hackers for attacking a key computer network and lodged a protest with Beijing. Officials said "a highly sophisticated Chinese state-sponsored actor" had recently broken into the National Research Council. The council, Canada's leading research body, works with major companies such as aircraft and train maker Bombardier Inc.. Canada has reported hacking incidents before, but this was the first time it had singled out China. China is often cited as a suspect in various hacking attacks on companies in the United States and other countries. Thu, 31 Jul 2014 06:49:56 -0400
Hackers can tap USB devices in new attacks, researcher warns
German crypto specialist Nohl of Berlin's SR Labs is reflected in computer screen in BerlinBy Jim Finkle BOSTON (Reuters) - USB devices such as keyboards, thumb-drives and mice can be used to hack into personal computers in a potential new class of attacks that evade all known security protections, a top computer researcher revealed on Thursday. Karsten Nohl, chief scientist with Berlin's SR Labs, noted that hackers could load malicious software onto tiny, low-cost computer chips that control functions of USB devices but which have no built-in shields against tampering with their code. It is almost like a magic trick," said Nohl, whose research firm is known for uncovering major flaws in mobile phone technology. Nohl said his firm has performed attacks by writing malicious code onto USB control chips used in thumb drives and smartphones.
Thu, 31 Jul 2014 09:06:39 -0400
Sony warns smartphone weakness will brake profit progress after first-quarter surge
News ImageBy Sophie Knight TOKYO (Reuters) - Japan's Sony Corp warned it doesn't now expect to make money on smartphones this year, citing weak demand, as the consumer electronics maker said restructuring will still help it turn a profit on its TVs after 10 years of losses. As it said April-June operating profit doubled, boosted by its videogames business and a one-off asset sale, Sony on Thursday cut its smartphone sales target this fiscal year by 14 percent. Sony now expects to just break even in the business this year, down from a previous operating forecast of 26 billion yen ($253 million), and is reviewing its mid-term strategy. Samsung Electronics also flagged its own uncertain handset earnings prospects on Thursday, undercut by Chinese rivals like Xiaomi, while Sony said progress by Chinese smartphone makers was a factor in its own sales shortfall.
Thu, 31 Jul 2014 05:29:08 -0400
Social media sizzles as 'Sharknado 2' audience grows
News ImageWhimsical TV disaster movie "Sharknado 2" reeled in 3.9 million viewers, the Syfy specialty channel said Thursday, one day after the sequel's broadcast. The followup to last year's instant cult classic about a freak weather system that rains a torrent of man-eating sharks on New York City was also a massive hit on social media, at one point dominating the entire top-10 trending list on Twitter, Syfy said. The original "Sharknado," set in Los Angeles, drew 1.4 million viewers and prompted 318,000 tweets -- key numbers in an era when social media engagement is as important for TV executives as eyeballs glued to the screen.
Thu, 31 Jul 2014 17:29:43 -0400
Apple reportedly paying internet providers to ensure speedy delivery of its data
News ImageApparently has turned on its new content-delivery network, and isreportedly paying Comcast and other big ISPs to move hardware into their data center and build direct interconnects to their networks. This is the exact same evolution that Netflix has been going through, building out its own CDN and agreeing to pay ISPs for interconnection. The major difference is that Netflix has loudly opposed the fact that ISPs can charge a fee for this arrangement, while Apple has stayed mum on the issue. Apple has traditionally relied on third-party CDNs like Akami and Limelight, but has decided it can do much of that work for less money by working directly with ISPs.
Thu, 31 Jul 2014 17:01:22 -0400
This brilliant Kickstarter will let you make maps that put Google and Bing to shame
News ImageThis Kickstarter campaign is for anyone who has everlooked at Google Mapsor (especially) Apple Maps and thought: I could do better than that. Because with Maps Made Easy, youre finally going to have that opportunity to make your own maps capable of putting big tech companies to shame. Drones Made Easy, the team behind Maps Made Easy, is working to build a website that will allow users to upload raw images captured during a drones flight and process them into high quality stitched images thatfit seamlessly together to build interactive photo maps, like the ones you see on Google. Aerial mapping has traditionally been a very expensive endeavor, but with Maps Made Easy, all you need is a drone, which
Thu, 31 Jul 2014 16:58:17 -0400
Boston's due up next on our Engadget Live tour!
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Thu, 31 Jul 2014 16:51:00 -0400
Government requests for Twitter information climb
News ImageTwitter on Thursday released a new transparency report showing a steady rise in government requests for information from the globally popular one-to-many messaging service. The number of requests for information from governments climbed 46 percent from the second half of last year to 2,058, according to Twitter. The report, the fifth from Twitter to date, was viewable online and showed what portion of those requests were granted. The US accounted for 1,257 of the requests for information, and Japan a distant second with 192 requests, according to Twitter.
Thu, 31 Jul 2014 16:46:56 -0400
Man survives getting shot after his massive Samsung Galaxy Mega stops the bullet
News ImageSamsung has a new way to market its gigantic phablets theyre now apparently able to take a bullet for you. 9to5Google points us to a story in Chinese websiteAppleDaily that describes how a man survived getting shot because the bullet happened to strike his enormous Galaxy Mega 6.3 phablet. Apparently, the shooting victim got into a street altercation with another man after the man dropped his wallet and the soon-to-be-victim picked it up and joked about using it to buy beer. At this point, the man whipped out a gun and fired it straight toward his chest. Luckily for him, however, the Galaxy Mega 6.3was in his shirt pocket and it blocked the bullet from reaching any of his
Thu, 31 Jul 2014 16:46:41 -0400
BlackBerry opens up BBM to Windows phone users
News ImageBlackBerry Ltd said on Thursday its popular messaging system BBM, or BlackBerry Messenger, would now be open to those using the Windows phone platform, a move that potentially makes the messaging service more appealing to its enterprise clients. BlackBerry, which is seeking to reinvent itself as a more software and services driven company as its smartphone market share has dwindled, has been lately touting new BBM features in a bid to make it a more viable messaging tool for clients such as corporations and government agencies that are on the lookout for a secure messaging service. The company, last year, opened the service to phones powered by Google Inc's wildly popular Android operating system and Apple's iOS platform.
Thu, 31 Jul 2014 16:41:14 -0400
Samsung execs will be dancing in the streets if the iPhone 6 gets delayed until October
News ImageThe iPhone 6 has been largely anticipated to debut mid-September, much like iPhone 5c and 5s, which arrived on September 20th last year. But this week, it suddenly started looking like the iPhone 6s debut may be pushed to October 20th. There are several reasons why this might put Apple in a tough spot. First, it seems that Samsung is now prepping to launch its Galaxy Note 4during September. As it happens, the iPhone 6 is the first phone with a display of larger than 4 inches thatApple has ever done, and it will compete directly against the Note 4 in the phablet category. High-end smartphone growth has slowed down notably over the past year and Samsungs overall smartphone revenue
Thu, 31 Jul 2014 16:30:48 -0400
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