World’s leading micro-blogging site Twitter Inc has acquired Summify. Summify was startup founded In Romania, but recently migrated  Vancouver, BC. Summify allows users to produce news into one page which can then be shared easily. Secondly Summify creates a beautiful daily summary of the most relevant news from your social networks, and delivers it to you by email, web or [...]

Most Popular file peering website Megaupload has been closed down by U.S. Official. The copyright violations are on the order of $500 million in damages, according to the indictment. Megaupload Owners have been charged  for violating piracy laws. U.S. Dept Of Justice has stated that Megaupload’s executives  Kim Dotcom and Mathias Ortmann were arrested in Auckland, New Zealand. Investigators have [...]

Mountain View, CA based Google has announced that its social networking Google+ has reached 90 millions users up from 40 million in October. It’s been said that engagement is also growing. Google Co-Founder and Chief Executive Larry Page revealed during a fourth-quarter earnings call. Page claimed that Google+ users over 60 percent of Google+ users engage with [...]

Microsoft today has announced its Q2 financial earning. Microsoft revenue rose in the second fiscal quarter, while its profits dipped a bit. Microsoft Corp’s revenue for the quarter, ended Dec. 31, reached US$20.89 billion, up 5 percent compared with 2010′s second fiscal quarter. Secondly Microsoft’s Net Income was at $6.62 billion, or $0.78 per share, down from [...]

IBM has reported a solid Q4 earnings, although it missed its revenue expectation. IBM’s revenue for the fourth quarter of 2011 topped $29.5 billion versus expectations of $29.71 billion. IBM’s Q4 income was $5.5 Billion compared to 2010 $5.3 billion in the fourth quarter a an increase of 5%. Fourth-quarter 2011 diluted earnings were right in [...]

U.S. based world’s largest chipmaker Intel has posted its Q4 results. Intel reported $54 Billion In revenue for the year 2011 and a operating income of $17.5 Billion. Intel Corp’s net income was placed at $12.9 billion and Earning Per Share of $2.39.The company generated approximately $21 billion in cash from operations. For the fourth quarter, Intel posted [...]

Mountain View based Google has posted its Q4 earnings, As world’s largest search engine giant missed wall street targets. Google announced it has exceeded $10 billion in gross revenue for the quarter, reaching $10.58 Billion a jump of 25% compared to last year. Google net revenue was at $8.13 Billion which was less than $8.3 billion CitiGroup analyst [...]

U.S. based Imaging giants Eastman Kodak has filed a lawsuit against Korean giants Samsung allegedly infringing five patents. Kodak filed its complaint in the U.S.  US District Court for the Western District of New York revealing that Samsung tablets infringes its patents. The infringement all relates to  the capture and transmission of digital images, which add to Samsung’s [...]

Apple has rolled the iTunes 10.5.3 has great a feature which enables users to sync the interactive iBooks textbooks to your iPad. iTunes 10.5.3 has added new features for iBooks 2.0 and updated iTunes U program. iTunes U service that includes new tools for teachers and a new iPad app. Now users are able to sync their Books using the latest version of iTunes [...]

Imaging pioneer Eastman Kodak has filed for chapter 11 bankruptcy in U.S. Bankruptcy Court for the Southern District of New York.The company has obtained a lifeline of $950 million from U.S banking firm Citigroup Inc. The 131 year old company has revealed 75-percent of revenues in 2011 actually came from digital divisions. Furthermore Kodak has appointed Dominic DiNapoli, Vice [...]