Tech 2.0 for Thursday, May 9, 2013
Sony Corp. is back in the black for the fiscal fourth quarter, recording a $948 million profit, with big help from a weaker yen that boosts overseas earnings. The Japanese electronics and entertainment company sank to a 255.2 billion yen loss the same period the previous year, slammed by its money-losing TV business and competition from rivals Apple Inc. and Samsung Electronics Co. Quarterly sales rose 8 percent to $17 billion, mainly from a favorable currency rate. A weak yen helps Japanese exporters, and the dollar has gained 20 percent against the yen in recent months. Tokyo-based Sony expects the recovery to continue, and projected Thursday a $505 million profit for the fiscal year through March 2014, up 16 percent.
Gov. Gary Herbert's economic developers are announcing that an information technology company will open a western regional office in Salt Lake City. SolarWinds Inc. of Austin, Texas, is taking up Utah's offer of tax incentives tied to the number of jobs it creates. The company says it employs more than 900 people worldwide and could add more than 1,000 in Utah over two decades. SolarWinds makes a broad range of software products for large and small companies, notably for network monitoring and cloud computing.
The federal government says AT&T will pay $18.25 million to settle charges related to operating services that are designed for use by the deaf and hard-of-hearing who place calls by typing messages over the Internet. The settlement announced by the Federal Communications Commission on Tuesday closes an investigation over compliance with rules on registering and verifying callers. AT&T isn't admitting any wrongdoing. The case is separate from a pending lawsuit in Pittsburgh by the Justice Department that alleges AT&T improperly billed the government for calls made by overseas callers who were ineligible. AT&T Inc. is paying $7 million to reimburse the fund for the Telecommunications Relay Service. That amount includes interest. AT&T also is paying $11.25 million to the U.S. Treasury and is agreeing to new procedures.
Sony makes first net profit in five years http://t.co/RjCYnc556w
Sony returns to black in fiscal 4Q with net profit of $948 million (93.9 billion yen) on cheap yen - @AP
Breaking: Sony swung to a net profit of $434.6 million, its first profit in five years. http://t.co/tYCeEMbkhK
#SolarWinds Inc : IT Professional Community thwack Helps Crowdsource 43 New SolarWinds Product Features http://t.co/5FRWF8MrJi
Listen to $SWI annual shareholder meeting - live at 09:30 AM, ondemand after - http://t.co/TDNi4S2Ldv
AT&T Announces Settlement Over FCC’s TRS Billing Probe http://t.co/jhuAsaMqfL
AT&T to pay $18.25M settlement over billing of service for deaf. http://t.co/88cHGhmGbu