Techmeme: How China's stock market drop affects tech companies (C. Custer/Tech in Asia)

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July 8, 2015, 11:35 AM

Top News

Microsoft:

Microsoft announces 7,800 job cuts mostly in phone business, writes off $7.6B from Nokia deal — Microsoft Announces Restructuring of Phone Hardware Business — REDMOND, Wash. — Microsoft Corp. today announced plans to restructure the company's phone hardware business to better focus and align resources.

Microsoft:

Satya Nadella email to employees on sharpening business focus — Over the past few weeks, I've shared with you our mission, strategy, structure and culture. Today, I want to discuss our plans to focus our talent and investments in areas where we have differentiation and potential for growth …

More: The Next Web, Business Insider, MacRumors, PCWorld, BGR, TechCrunch, Engadget, Wired, Neowin, Pocketnow, RCR Wireless News, SlashGear, WinBeta and Seeking Alpha. Tweets: @mobiletechworld

Nathan Olivarez-Giles / Wall Street Journal:

Project Fi Review: Google Masters Wi-Fi Calling, but Needs Better Phones — Can the search giant change the wireless business like it's changed high-speed Internet? — For millions of us, Google is the backbone of our digital lives. So it's a little incongruous that to get to its many services …

More: DSLreports, Washington Post, ZDNet and International Business Times

Todd Bishop / GeekWire:

Court rejects Intellectual Ventures appeal in Capital One case, citing ‘unpatentable abstract ideas’ … The U.S. Court of Appeals for the Federal Circuit has ruled against Intellectual Ventures in a dispute with Capital One Financial, finding that two of the company's patents were based on …

More: The Recorder and Patently-O. Thanks:@broccoliboy21

Joanna Stern / Wall Street Journal:

Apple Music review: discovery features are great but the app lacks polish and simplicity, difficult to recommend over Spotify — Apple Music Review: Behind a Messy Interface Is Music's Next Big Leap — Despite glitches and a confusing interface, Apple Music stands to make as big an impact as the iPod

More: Business Insider, 9to5Mac, Wall Street Journal, Bloomberg Business and USA Today

C. Custer / Tech in Asia:

How China's stock market drop affects tech companies — Unless you've been living under a rock recently, you're probably aware that all is not well in China's stock markets. After hitting an all-time high in mid June, China's markets have dropped by nearly a quarter, shedding in excess of US$3 trillion …

More: Wall Street Journal, Reuters and Quartz

Lauren Hockenson / The Next Web:

Google Maps iOS update now lets you share locations on Facebook and Messenger — Owners of iOS devices, rejoice: Sharing pins with your friends will now get a little easier. An update from Google Maps now allows you to share your location to more apps, including Facebook and its spun-off communications app Messenger.

More: BGR, Street Fight and 9to5Mac

Jack Schofield / ZDNet:

Microsoft details Project Westminster, one of four bridges for converting apps on other platforms into Universal Windows apps — Microsoft plugs Westminster as one of its four bridges to the future of Windows Universal Apps — Project Westminster is a way of converting web-based apps into Windows 10 apps.

More: BetaNews, Windows Blog, Windows Central, MSDN Blogs, WinBeta and WMPoweruser

Paul Carsten / Reuters:

China car hailing app Didi Kuaidi raises $2 billion as Uber rivalry intensifies — China's dominant mobile car-ride hailing company Didi Kuaidi said it raised $2 billion in a fundraising round as competition with U.S. rival Uber Technologies Inc heats up on its home turf.

More: TechCrunch, Wall Street Journal, Business Insider, Silicon Republic and Bloomberg Business

David McCabe / The Hill:

Consumer group files FTC complaint against Google, seeking to extend right to be forgotten to US — Group demands that Google offer users the ‘right to be forgotten’ — A group on Tuesday filed a complaint with the Federal Trade Commission (FTC) arguing that Google should allow users …

More: The Next Web, 9to5Google, Search Engine Land, TechCrunch and Beyond Search. See also Mediagazer

Wall Street Journal:

Apple orders between 85M and 90M units of upcoming iPhone models, around 10M more than last year; new models expected to have Force Touch technology — Apple Plans Record Number of New iPhones — Apples asks suppliers to make up to 90 million of the expected next models by year-end

John Ribeiro / Computerworld:

Judge voids $533M award in Apple vs. Smartflash patent case, orders new trial on damages — New trial on damages ordered in Apple, Smartflash patent dispute — A federal court in Texas has ordered a new trial on damages in a patent infringement dispute between Apple and Smartflash …

More: Reuters, AppleInsider, CNET, 9to5Mac, MacRumors, iMore, Fortune, iPhone Hacks and Patently Apple

Frederic Lardinois / TechCrunch:

Confluent Closes $24M Series B Round For Its Apache Kafka-Based Stream Data Platform — The open source Kafka real-time stream data service was incubated at LinkedIn over five years ago. Since then, Kafka has become an Apache open-source project and the original developers left LinkedIn …

More: VentureBeat, ZDNet, SiliconANGLE, PE Hub Blog and Fortune

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