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A U.S. judge on Monday ordered Cisco Systems Inc to pay $1.9 billion to a Virginia company that accused it of copying its cybersecurity patents.

U.S. District Judge Henry Morgan in Norfolk, Virginia, concluded after a monthlong non-jury trial that Cisco infringed four patents belonging to Centripetal Networks Inc, of Herndon, Virginia. He found no infringement of a fifth patent.

In a 167-page decision, Morgan said the case was “n...


Reuters | Equities.com |

Nvidia Corp on Monday laid out a multi-year plan to create a new kind of chip for data centers, aimed at siphoning off more functions from its chief rival Intel Corp .

Models with limited features will debut in months, while full-fledged versions are planned within two years, Nvidia said in a press briefing. Server companies such as Dell Technologies and Lenovo Group Ltd plan to integrate them into their machines, it added.

Nvidia chips have long...


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Alphabet Inc's Google on Wednesday launched Google TV, which would show content from streaming services including Netflix Inc and Walt Disney Co's Disney+.

The tech giant also unveiled a new Chromecast streaming device that will now come with a remote control. It will cost $49.99 in the United States and will be available in other countries by the end of the year.

In addition, Google also introduced 5G-enabled phone Pixel 5, with a starting price of $699....


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Apple Inc on Tuesday granted CEO Tim Cook 333,987 restricted stock units, with a possibility to earn as many as 667,974 more if he hits performance targets, in the executive's first stock grant since 2011.

“Tim has brought unparalleled innovation and focus to his role as CEO and demonstrated what it means to lead with values and integrity,” Apple’s board of directors said in a statement.

“For the first time in nearly a decade we are awarding Tim a new stock grant that will vest over time in recognition of his outstanding leadership and with great optimism for Apple’s future as he carries these efforts forward.”


AP News | Equities.com |

Stocks shook off another bout of volatile trading and finished solidly higher Friday, led by gains in technology and health care companies. Despite the rally, the S&P 500 still posted its fourth straight weekly loss, extending Wall Street’s September swoon.

The S&P 500 rose 1.6% after flip-flopping between small gains and losses a few times in the early going. Stocks have been erratic this month, with indexes setting new highs to start the month and then falling sharply as investors worried that values for some of technology giants had risen too high.

The benchmark index ended the week with a 0.6% loss for its first four-week losing streak in more than a year. The index is now down 5.8% for September, following five straight months of gains.


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The U.S. Senate Commerce Committee chaired by Republican Senator Roger Wicker will issue subpoenas to the chief executives of Twitter Inc, Alphabet Inc's Google and Facebook Inc if they do not agree to testify at a hearing on Oct. 1.

The hearing will discuss a legal immunity known as Section 230 that technology companies have when it comes to liability over content posted by users.

Republican President Donald Trump has made holding tech companies accountable for allegedly stifling conservative voices a theme of his administration.


AP News | Equities.com |

Wall Street racked up more losses Wednesday as stocks closed broadly lower, wiping out the market’s gains from the day before.

The S&P 500 fell 2.4% after giving up an earlier gain. The selling, which accelerated in the afternoon, was widespread, though technology stocks accounted for the biggest losses. The decline deepens the benchmark index’s September slide to 7.5% after a five-month rally.

The market has been whiplashed by several shifts in momentum recently. This week alone, a Monday swoon brought the S&P 500 to the edge of a 10% drop from its record high set on Sept. 2, what Wall Street calls a correction. It rebounded the following day to snap its first four-day slide since stocks were selling off in February. Wednesday’s pullback left the S&P 500 within 0.4% of a correction.


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Intel Corp has received licences from U.S. authorities to continue supplying certain products to Huawei Technologies, an Intel spokesman said on Tuesday.

With U.S.-China ties at their worst in decades, Washington has been pushing governments around to world to squeeze out Huawei, arguing that the telecoms giant would hand data to the Chinese government for espionage.

From September 15, new curbs have U.S. companies from supplying or servicing Huawei.

This week the state-backed China Securities Journal said Intel had received permission to supply Huawei.


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ByteDance and Oracle Corp issued conflicting statements on Monday over the terms of an agreement they reached with the White House over the weekend to allow TikTok to continue to operate in the United States, casting doubt on President Donald Trump’s preliminary blessing of the deal.

So who will own TikTok now? Depends who you ask

China’s ByteDance was racing to avoid a crackdown on its popular short-...


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Microsoft Corp said on Monday it would acquire ZeniMax Media for $7.5 billion in cash, strengthening its Xbox video game offering with the studio behind titles such as Fallout and the Doom reboot.

ZeniMax is the parent company of Bethesda Softworks, which has also developed hits including The Elder Scrolls, Wolfenstein, and Dishonored.

The deal comes more than a week after Microsoft's failed bid for short video app TikTok's U.S assets. TikTok has currently stru...