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Corporate & legal

Motorola's fourth-quarter loss hits $3.6 billion

Updated at 4:55 a.m. PST with more details from the earnings announcement. Updated again at 7:07 a.m. PST with stock market reaction.

Motorola on Tuesday reported a stunning net loss on tumbling revenue for the fourth quarter.

The net loss for the phone maker in the quarter, which ended December 31, was $3.6 billion, or $1.57 per share, compared with positive earnings of $100 million (4 cents per share) for the same period a year earlier.

All but one penny of the per-share loss stemmed from net charges related to the impairment of goodwill … Read more

RealNetworks sees big charges for fourth quarter

RealNetworks said Tuesday that it now expects fourth-quarter revenue of between $151 million and $153 million.

In October, RealNetworks had said it expected fourth-quarter revenue in the range of $150 million to $157 million. Analysts on average have been expecting revenue of about $153.8 million, according to Yahoo Finance.

The revised figure compares with the $157 million in revenue that the digital music company reported in the year-earlier period and would be roughly even with the $152 million logged in the third quarter of 2008.

RealNetworks also expects to report fourth-quarter charges of $227 million to $249 million, about $… Read more

Securing smartphones with picture codes

A company called PINoptic says it has a new picture-based security mechanism to make smartphones more secure.

The company claims that its new software will make a smartphone 37 times more secure than using a simple four-digit personal identification number.

As smartphones become increasingly popular, experts warn they could be targets for hackers. These devices provide access to corporate networks, e-mail accounts, and sometimes corporate data. Stolen smartphones can also provide criminals with plenty of information to steal personal identities. And because they're made to be portable, smartphones can be lifted easily from pockets or purses or even left … Read more

Boost brings advanced phone to prepaid market

Prepaid wireless customers usually have to settle for the most basic cell phones. But soon, Boost Mobile consumers won't have to sacrifice style and function for value.

Boost announced Monday that it will offer its prepaid customers the Motorola Stature i9. This thin flip phone is one of the most advanced devices available for prepaid consumers.

Prepaid phone services, which don't require a contract or a credit check, are geared toward value customers or those with questionable credit. So wireless operators typically only offer basic, inexpensive phones to these users, because operators don't subsidize the cost of the phones.

The conventional wisdom has been that consumers wouldn't be willing to spend a lot on advanced devices for a service that they could terminate at any time. But now, as consumers tighten spending and look for ways to reduce their monthly bills, they are gravitating toward prepaid and no-contract services.

Boost, which is owned by Sprint Nextel, recently launched an unlimited talk, text, Web, and walkie-talkie service for $50 a month. This is a huge value over other all-you-can-eat plans. Sprint offers its All-In plan for $99 a month. AT&T, T-Mobile USA, and Verizon Wireless also offer similar plans for about $100 a month.

The new plan offers wireless users an attractive alternative to the more expensive contract services. But until the i9, Boost has lacked a set of advanced, cool phones. Now, the wireless operator hopes it can pick up new customers who might be willing to pay a bit more for a phone, if they can reduce their monthly service and not have to deal with a contract. The i9 will cost about $300 when it goes on sale at the end of February, but it doesn't require a contract. Consumers have several options for payment that include either paying by the week, month or day for service.… Read more

Former Microsoft exec returning after Yahoo stint

Update at 5:40 p.m.: Microsoft has confirmed his return.

A prodigal son is returning to Microsoft.

Scott Moore, who left Microsoft four years ago for Yahoo, is returning to Redmond as U.S. executive producer to lead MSN's content and programming strategy, AllThings D reported Friday.

Microsoft confirmed his re-entry in an e-mail Saturday.

Moore, who had been heading Yahoo's media operations, left that job in November. At the time, Yahoo said that Moore was leaving to "pursue other opportunities." During his time-off, AllThingsD reported, Moore worked on a start-up idea and went on … Read more

Microsoft suit alleges ex-worker stole trade secrets

Updated 4:55 p.m. PST with Mullor comment. Correction, 5:12 p.m. PST: An earlier version of this story had the incorrect day the Seattle Post-Intelligencer reported on this suit. It was Thursday.

Microsoft has sued a former employee for allegedly lying when he applied for a job there and stealing trade secrets that were later used in a lawsuit against Microsoft partners.

According to the lawsuit, filed January 22 in King County Superior Court, Miki Mullor stated on his application that he no longer worked at Ancora Technologies because it had gone out of business. However, Sammamish, … Read more

Citrix to reduce staff by 10 percent

Citrix Systems, the business software company behind the Xen hypervisor, said it plans to cut 10 percent of jobs despite being "pleased" with its fourth-quarter results.

Overall revenue for the fourth quarter increased from $400 million (300 million pounds) to $416 million, the company said on Wednesday, even though revenue from product licenses fell by 9 percent. Revenue from license updates was up by 13 percent, and online service revenue grew by 18 percent compared with the same quarter the previous year. Net income for the fourth quarter was $60 million, calculated on a GAAP basis, a drop … Read more

Microhoo: What might have been

A year ago Sunday, on February 1, 2008, Microsoft Chief Executive Steve Ballmer told the world his company wanted to buy Yahoo.

Despite months of discussions, the deal never materialized, distressing many Yahoo shareholders and hastening Yahoo's replacement of CEO Jerry Yang with Carol Bartz. But what if Yang had gotten up on the other side of the bed one day a year ago and led his company to accept the offer?

It's impossible to know what would have happened, of course. But an exercise in speculation can be illuminating, as Philip K. Dick showed with The Man In The High Castle, … Read more

Report: Georgetown University bans use of Windows 7 beta

Georgetown University is banning the use of the Windows 7 beta, informing students and faculty it will not support the trial version of Microsoft's latest operating system, according to a report in InformationWeek

The university's information technology group notes it generally does not support any beta version of software, unless otherwise noted.

And in the case of the Windows 7 beta, the Georgetown IT group reiterates Microsoft's warning that the beta could disable security software, as well as cause other hardware, such as printers and video cards, to function incorrectly, according to the report.

The university IT … Read more

Intel files $50 million suit against insurance firm

Update at 1:50 p.m. PST, with information from American Guarantee's lawsuit against Intel in the Delaware Chancery Court.

Intel has filed a $50 million lawsuit against insurance carrier American Guarantee and Liability Insurance, alleging breach of contract.

The alleged breach involves the insurance firm's failure to pay for Intel's legal defense related to antitrust lawsuits filed by rival Advanced Micro Devices and consumers.

Intel, in the lawsuit filed last week in the U.S. District Court for Northern California, alleges that American Guarantee did not step up to the plate and begin paying for the … Read more