May 2, 2013, 9:00 AM

Top News

Facebook Reports First Quarter 2013 Results  —  Facebook, Inc. (NASDAQ: FB) today reported financial results for the first quarter, which ended March 31, 2013.  —  “We've made a lot of progress in the first few months of the year,” said Mark Zuckerberg, Facebook founder and CEO.
Josh Constine / TechCrunch:
App Install Ads Earned Facebook “Real Revenue” And Helped 3800 Developers Drive 25M Downloads  —  Facebook app install ads were the star of Facebook's earnings call today.  Sheryl Sandberg said 3800 developers used the ads to drive over 25 million installs.
More: Wired, MarketWatch and CNET
John Paczkowski / AllThingsD:
Apple's iOS 7 Will Ship On Time, Sources Say  —  Apple's iOS 7 is so significant a reimagining of the mobile operating system that the company is mustering additional engineering resources to get it out the door in time for a preview at its annual Worldwide Developers Conference, which is June 10-14 in San Francisco.
Sakthi Prasad / Reuters:
Lehman Brothers sues Intel over $1 billion in seized collateral  —  (Reuters) - Bankrupt investment bank Lehman Brothers has sued Intel Corp, accusing the chip maker of seizing $1 billion in collateral in breach of a swap agreement, a court filing showed.  —  Under the swap agreement …
Kevin Poulsen / Wired:
Use a Software Bug to Win Video Poker?  That's a Federal Hacking Case  —  two engineers from Nevada's Gaming Control Board showed up at the Silverton Casino Lodge.  The off-the-strip South Las Vegas casino is best known for its mermaid aquarium, but the GCB geek squad wasn't there to see swimmers in bikini tops and zip-on fish tails.
Roger Yu / USA Today:
Sprint bids: Dish's Ergen swings back at Softbank's Son  —  The high-stakes bidding war for control of the third-largest U.S. wireless carrier is turning into a heated verbal joust.  —  In an interview with USA TODAY on Wednesday, Dish Network Chairman Charlie Ergen swung back at Japan's SoftBank …
Leena Rao / TechCrunch:
Readying For An IPO, Peer-To-Peer Lending Marketplace Lending Club Raises $125M From Google And Others At $1.6B Valuation  —  Peer-to-peer lending platform Lending Club is announcing a huge new investor today: Google.  Google and existing investor Foundation Capital have put $125 million in Lending Club …
Will Connors / Wall Street Journal:
Pentagon Expected to Embrace Apple, Samsung Devices  —  Samsung Electronics Co. and Apple Inc. are bringing the smartphone wars to the Pentagon.  —  The Department of Defense is expected in coming weeks to grant two separate, security approvals for Samsung's Galaxy smartphones …
Robin Wauters / The Next Web:
Struggling HTC's Q1 2013: a mere $2.88 million in profit on $1.45 billion in revenue  —  The writing was on the wall when smartphone and tablet maker HTC reported devastating results for February 2013 (and only slightly better ones in March): its consolidated earnings for the first quarter of this year weren't exactly stellar.
Jessica E. Lessin / Wall Street Journal:
Tech Poaches Wall Street Talent  —  Silicon Valley is raiding Wall Street.  —  Large and small technology companies, from Square Inc. to Rackspace Hosting Inc., with deep pockets and a pressing need to broaden their workforces are snagging top talent from financial firms.
Tweets: @tjross2411
Josh Ong / The Next Web:
Yahoo acquires 4 million user to-do app Astrid, service to continue as is for 90 days  —  Yahoo has acquired the to-do list app Astrid, which will continue running as is for the next 90 days.  —  “Over the next 90 days, Astrid will continue to work as is, and we will no longer be accepting new premium subscriptions.
Ofcom begins investigation into BT's superfast broadband  —  (Reuters) - UK telecoms regulator Ofcom has launched a probe into whether BT Group is abusing its dominant position when pricing its superfast broadband, following a complaint by smaller rival TalkTalk Telecom Group.
More: Ofcom, Inquirer and Guardian
Tom Warren / The Verge:
Microsoft shipped 900,000 Surface tablets in Q1, says IDC  —  Microsoft shipped 900,000 Surface tablets during the recent quarter, according to data from IDC.  Following rumors of strong initial Surface Pro sales, IDC says the combined total for Surface RT and Surface Pro was under just one million …
Eric Slivka / MacRumors:
Amir Efrati / Wall Street Journal:
YouTube Touts Viewer Growth to Advertisers  —  Google Inc.'s YouTube on Wednesday made its latest pitch to advertisers, saying they should “follow the audience.”  —  More than one billion unique visitors watch more than six billion hours of YouTube videos a month, up from about four billion hours …
Shara Tibken / CNET:
Tumblr CEO says average ad campaign spend tops six figures  —  David Karp also says Tumblr wants to be a place for advertising agencies to “make ads that win awards,” unlike on Twitter, Facebook, and other sites.  —  NEW YORK—Companies now are spending, on average, “north of six figures” …
Chris Dolmetsch / Bloomberg:
N.Y. Taxi Smartphone Hail Program Said to Be Blocked  —  New York livery car groups won a bid to block a pilot program that would enable people to hail and pay for a ride in one of the city's 13,000 yellow taxis using location-based smartphone applications.  —  The measure adopted …
Chris Kanaracus / Computerworld:
SAP loses bid to overturn $345M patent judgment  —  Long-running dispute with Verstat Software centers on SAP's alleged infringement on pricing software patent  —  An appeals court has rejected SAP's attempt to overturn a $345 million judgment awarded to Versata Software …
Mary Jo Foley / ZDNet:
Microsoft readies ‘Mohoro’ Windows desktop as a service  —  Summary: Microsoft is believed to be building a Windows Azure-hosted desktop virtualization service that could be available on a pay-per-use basis.  —  In yet another example of its growing emphasis on remaking itself as a devices …

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Emil Protalinski / The Next Web:

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