BEIJING/BENGALURU (Reuters) - Baidu Inc's shift to smartphones has come at a cost: the Chinese internet firm forecast lower-than-expected revenue growth for the first quarter as its share from less profitable mobile browsing grows at the expense of PC searches.
Baidu shares fell more than 9 percent in after-hours trading in New York after it also posted a lower-than-expected 47.5 percent rise in fourth quarter revenues. Its revenue forecast of 12.65-13.07 billion yuan ($2-$2.1 billion) for the current quarter came below analysts' average expectations of 13.62 billion yuan.
HONG KONG (Reuters) - Chinese smartphone maker ZTE Corp plans to invest 1.5 billion yuan ($240 million) in wireless charging technology for vehicles in 2015 and more than 2 billion yuan next year, a senior executive told Reuters on Thursday.
ZTE's director of corporate strategy, George Sun, also said the company had signed agreements with more than 20 cities in China to provide wireless charging technology for public transportation, in a significant boost for the country's electric car industry.
(Reuters) - Akamai Technologies Inc's quarterly profit and revenue beat market estimates as demand jumped both for its security products and mainstay content delivery businesses.
Akamai shares shot up 5 percent in extended trading on Tuesday before shedding some gains after it issued a cautious forecast for the current quarter.
Revenue in Akamai's security business soared 24.7 percent to $239.7 million in the fourth quarter ended Dec. 31.
High-profile hacking incidents have dogged companies including Sony Corp, Target Corp and health insurer Anthem Inc in recent years.
SINGAPORE, (Reuters) - Data traffic on Chinese mobile devices jumped almost 50 percent last year but overall usage was modest by global standards, reflecting low consumption in rural areas that hasn't gone unnoticed by telecoms firms.
SAN FRANCISCO (Reuters) - Xiaomi [XTC.UL], China's largest smartphone company, will begin selling headphones, smart wristbands and other accessories online in the United States in coming months, taking its first tentative step onto Apple Inc's home turf without its signature Mi mobile devices.
The company also said it is close to securing a manufacturing partner in Brazil, which will help it skirt punishing tariffs on imported electronics when it begins sales in Latin America's largest economy in the first half of this year.
SAN FRANCISCO (Reuters) - With its surprise endorsement of a stricter U.S. regulatory regime for Internet service providers, Sprint Corp wanted to show that tougher rules would not stop rival telecom players from investing, Chief Technology Officer Stephen Bye said in an interview.
"It's one of those topics that is highly charged, highly politicized and we took a step back and said it works in the interest of our customers, our consumers and the industry and we frankly found some of the arguments (of our competitors) to be less than compelling," Bye told Reuters this week.
(Reuters) - Network equipment maker Cisco Systems Inc reported stronger-than-expected quarterly revenue and profit as demand for switching equipment and routers helped make up for weak spending by the company's traditional telecom customers.
Cisco, which saw its shares rise 5.6 percent in extended trading on Wednesday, has been trying to make a transition toward a new cycle of high-end switches and routers.
""We executed very well in a tough environment, and I'd say our strategy is playing out like we expected," Chief Financial Officer Kelly Kramer told Reuters.
Today’s telecom networks require service assurance systems that are far more interactive and responsive.
In the old circuit-based telephony world of 20 years ago, watching the status of a few thousand network nodes was the way to assure the health of a modestly-sized network.
LONDON (Reuters) - British data center provider Telecity Group Plc has agreed a non-binding $2.2 billion all-share deal to buy New York-listed Interxion Holding NV, looking to tap growing demand for "cloud" technology.
Shares in Telecity, which like its new partner operates some of the huge computer centers which process traffic on the Internet, rose more than 16 percent to their highest in some 19 months.
WASHINGTON (Reuters) - Calling the destructive cyberattack on Sony Pictures "a game changer," a top White House official on Tuesday announced a new intelligence unit to coordinate analysis of cyberthreats, modeled on similar U.S. government efforts to fight terrorism.
Lisa Monaco, President Barack Obama's homeland security and counterterrorism adviser, said the new agency will rapidly pool and disseminate data on cyberbreaches, which she said are ballooning in size and sophistication, to U.S. agencies.