Nokia topped tech headlines yesterday, announcing a sharp drop in revenues, as well as a 1.3 billion euro ($1.71 billion) loss for the quarter. Nokia chief executive Stephen Elop said the company is focusing on addressing shortcomings in the Windows Phone ecosystem as well as the most-requested features from former Symbian customers within the company's Lumia phone line.
Meanwhile, jurors in the Oracle-Google trial got a crash course on Java APIs Thursday after listening to testimony from the two companies' chief executives earlier in the week. At stake is Oracle's claim that Google copied its Java code without obtaining a license to create the Android mobile operating system, which if upheld could have repercussions across the broader high-tech industry.
And mark your calendar — May 17 could be the day that Facebook makes its highly anticipated Wall Street debut. Citing multiple sources close to the company, TechCrunch said that Facebook's initial public offering of stock will hit the Nasdaq on May 17, provided that the Securities and Exchange Commission gives it the green light.
Also making headlines on Thursday:
- Report: Next iPhone Body Made of 'Liquidmetal': A new report out of Korea claims Apple will swap out the glass back on its next iPhone for a super-tough alloy called Liquidmetal.
- Microsoft Reports Record Revenue, but Xbox Unit Disappoints: Microsoft reported net income of $5.11 billion or 60 cents per share, on revenue of $17.41 billion, which topped a new record high for the company.
- RapidShare Adopts 'Guilt by Accusation' Approach to Piracy: File-hosting site RapidShare has published what it hopes might be a Bible of sorts for cloud-storage services seeking to keep on the right side of the law.
- Does Flashback Trojan Mean Macs Now Less Secure? Not Exactly: The recent spate of Mac-related malware does not indicate that Apple's OS is any less secure than it was in the past, but is mainly the result of its growing popularity.
- HTC's Future: Slim Phones, Less QWERTY, Wi-Fi Display: With HTC's One S and One X getting glowing reviews, it looks like more slim, touch-screen slabs are in the smartphone maker's future.
- With PasteBin 'Compromised,' Anonymous Launches AnonPaste: Anonymous has launched an online portal, AnonPaste, for people to post uncensored documents and files without compromising their identities.
- Space Shuttle Discovery Arrives at Smithsonian: NASA transferred control of the shuttle to the Smithsonian's National Air and Space Museum.
- Nikon D3200 Digital SLR Boasts Impressive 24-Megapixel Sensor: Nikon's popular D3100 D-SLR is finally being put out to pasture.
- New York Hits Sprint With $300 Million Tax Evasion Lawsuit: Sprint has denied the charges.
For more from Angela, follow her on Twitter @amoscaritolo.
