Craig Ellis cut his estimates for Intel profits for this quarter and the year, citing “checks” that show a “downtick” in PC unit growth. This is all due to macroeconomic weakness, especially in Europe. Ellis thinks that you should still be buying Intel shares things that they are probably worth $34 each. He cut this quarter’s estimate to $13.73 billion in revenue and 54 cents a share in profit, down from $13.88 billion and 56 cents. He thinks that Intel will only make $56.91 billion this... 

A significant number of high ranking technology executives appear to believe Silicon Valley’s days as the world’s innovation hub are coming to an end. At least that’s the findings of a KPMG survey of 668 technology business executives at $1 billion-plus companies, start-ups and venture capital firms around the world. Of those surveyed by the audit, tax and advisory firm, 44% believe it’s likely that the “technology innovation center of the world,” now in Silicon... 

Mobile phone chip supplier Qualcomm Inc is changing its internal structure to protect its technology licensing business by creating a new subsidiary that will work on open source wireless developments. The biggest developer of cellphone chips also derives a huge amount of its revenue from selling licenses for use of its vast portfolio of technology patents to companies such as cellphone makers whether or not they use Qualcomm chips. The restructuring comes at a time when the wireless industry is... 

Google Inc’s Chrome, the world’s top Internet browser, is now available on the iPhone and iPad, as Apple Inc finally granted access to its biggest competitor’s more popular Web-surfing app. At Google’s annual I/O developer conference in San Francisco on Thursday, company executives announced the development as well as a limited launch of a cloud-computing and hosting service to take on Amazon.com’s thriving Web services arm. Both moves underscore how Google is moving... 

Twitter is thinking about how best to tackle hate speech and bad talking on its users’ web pages. The firm is charging itself with working out how best to preserve freedom of speech while making sure that people do not abuse that right by making racist and hateful comments. It’s not going to be easy, and in an interview with the Financial Times that much was made clear. “The reason we want to allow pseudonyms is there are lots of places in the world where it’s the only way... 

The hunt is on. A group of scientists has banded together to build the world’s first privately funded deep-space telescope, to hunt for asteroids that could pose a major threat to Earth. The private space telescope forms the heart of Project Sentinel, a deep-space mission being unveiled today (June 28) in Mountain View, Calif., by the B612 Foundation, a nonprofit group of scientists and explorers that has long advocated the exploration of asteroids and better space rock monitoring. Project Sentinel... 

The maker of expensive printer ink has opened the champers this morning after it was announced that three huge wireless-network operators have signed up for Proliant kit. ProLiant servers which are built on Intel’s latest processors, are going to be shoved under the bonnets of Vodafone, Verizon and Mobile TeleSystems. The deal was a result of collaboration between the three carriers with the goals of aligning on product standards and combining purchasing volumes. Each of the customers is using... 

IBM this year won’t be granting any pay raises to its executives or to many of its workers in its Global Technology Services division. The company said it is only giving pay raises to workers with high-demand skills that the company needs. IBM customarily issues pay raises during the mid-year period. “There are targeted skill groups of employees that are eligible for salary increases in 2012,” said Trink Guarino, an IBM spokeswoman. “No executives will be eligible for salary... 

A U.S. judge on Tuesday sided with Apple’s  request to stop Samsung Electronics selling its Galaxy Tab 10.1 tablet in the United States, giving the iPhone maker a huge victory in the global smartphone and tablet patent wars. Samsung’s Galaxy touchscreen tablets, powered by Google’s Android operating system, are considered by many industry experts to be the main rival to the iPad, though they are currently a distant second to Apple’s device. Microsoft and Google are also... 

HP has asked California Superior Court Judge James Kleinberg to order Oracle to continue developing software for its Itanium servers. HP and Oracle have been locked in a bitter legal dispute over Oracle’s decision to stop supporting Intel’s IA-64 architecture used in Itanium processors. Now HP has asked Judge Kleinberg to order Oracle to continue developing software for its Itanium servers until it stops selling them or the contract term expires. Oracle claims its decision to stop developing... 

Sprint Nextel Corp Chief Executive Dan Hesse said he plans to launch a high-speed wireless service in five U.S. cities on July 15, a move that could be crucial in its efforts to compete with bigger rivals Verizon Wireless and AT&T Inc. Sprint, the No. 3 U.S. mobile service, is upgrading its network with the same Long Term Evolution (LTE) high-speed technology its rivals are adopting, but is about a year and a half behind Verizon Wireless and about 10 months behind AT&T. Hesse said on Wednesday... 

In 2011, retired chemist and entrepreneur Harry Lonsdale announced his plans to fund research on how life originally formed. Of the 76 proposals submitted to his Origin of Life Challenge, Lonsdale and his team of experts selected three to fund for at least the next year, with the potential to continue financial support in the future. How life first developedis a poorly-understood process. Even today, scientists have attempted to determine its origins using a variety of methods. NASA astrobiologist... 

A new survey by Citrix shows that many people sneak in other activities while working from home. Based on a survey of 1,013 American office workers, conducted in June by Wakefield Research, 43 percent watch TV or a movie and 20 percent play video games while officially working from home. Parents are more likely than those without children to partake in these two activities, which aren’t work-related. Nearly a quarter admit that they have a drink or two and another quarter admit to falling asleep.... 

Facebook has quickly yanked a feature it launched Sunday that allowed mobile users of the social network to find fellow members who may be nearby. Attempts to reach the webpage for the service displayed a blank page and the tab for the service on iPhones is returning an error message. Facebook has issued a terse statement on the subject, saying, “We are constantly testing new features but have nothing more to share at this time.” As soon as the feature was first reported by TechCrunch,... 

When Peter Vesterbacka visited China last spring, the marketing chief for Rovio, the Finnish firm behind the video game Angry Birds, saw counterfeit Angry Birds products everywhere – and he was happy about it. “I realized that China was already happening in a big way for us,” Vesterbacka said in an interview. “When you see all these knockoffs, you know that there is a lot of demand.” That rosy view of an intellectual property problem that has vexed global brands for...