June 4, 2013, 1:50 PM

Top News

Agam Shah / PC World:
Intel shows first smartphone with Merrifield chip  —  Intel on Tuesday showed the first smartphone based on its next Atom smartphone chip code-named Merrifield, which will provide better performance and battery life than current Atom chips.  —  The Merrifield chip will offer 50 percent better performance …
Andrew Cunningham / Ars Technica:
The U is for Ultrabook: Intel's low-power, dual-core Haswell CPUs unveiled  —  The U is actually for “Ultra-low voltage,” but either way we're looking at laptop CPUs.  —  Intel  —  On Saturday, Intel officially took the wraps off its first next-generation desktop and laptop CPUs based on the “Haswell” architecture.
Arik Hesseldahl / AllThingsD: Makes Its Biggest Acquisition Yet, Buys ExactTarget for $2.5 Billion  — just announced that it will make its biggest acquisition yet: It will spend $2.5 billion to acquire the cloud marketing company ExactTarget.  —  Salesforce is paying $33.75 a share.
Sean Hollister / The Verge:
‘Draw Something’ studio OMGPOP reportedly shuttered amid Zynga layoffs  —  One year ago, Zynga paid $180 million for OMGPOP, the creator of the wildly popular game Draw Something for iOS and Android.  Zynga seems to have decided that was a $180 million mistake.
Tim Culpan / Bloomberg:
HTC Operations Chief Steps Down as Profit Slumps on Phone Delays  —  HTC Corp. (2498) Chief Operating Officer Matthew Costello will step down after less than three years at Taiwan's biggest smartphone maker amid slumping sales that have pushed down shares 76 percent in the past two years.
Arik Hesseldahl / AllThingsD:
IBM to Acquire Cloud Services Company SoftLayer  —  Computing giant IBM just made another move in its quest to becoming the biggest provider of cloud computing services.  It said it will acquire SoftLayer, a privately held cloud services player based in Dallas.  —  Financial terms are not being disclosed.
Don Clark / Digits:
Amazon Pads its Streaming Library with Viacom  —  Viacom and are getting cozier.  —  The two companies on Tuesday are announcing a multi-year deal to stream hundreds of Viacom shows to Amazon customers, just days after many of Viacom's programs disappeared from Netflix's catalog.
Juli Clover / MacRumors:
Apple Begins Offering In-Store iPhone 5 Display Replacements for $149  —  As part of a shift to lower repair costs, Apple has begun replacing iPhone 5 screens at its retail locations.  The new display replacement service is priced at $149 and can be purchased with or without AppleCare+.
Dana Wollman / Engadget:
Dell refreshes its XPS 12 Ultrabook, XPS 27 all-in-one and XPS 8500 desktop  —  Now that it's unveiled its next-gen Ultrabook, Dell's taking the opportunity to refresh the machines it's already got.  Starting with the XPS 12 convertible Ultrabook, the company is adding an NFC chip …
Edward Wyatt / New York Times:
Susan Molinari Adds to Google's Political Firepower  —  WASHINGTON — Susan Molinari had wrapped up her second week as Google's chief Washington lobbyist when she got a call at home late on a Friday that blindsided her: the Federal Communications Commission was fining Google $25,000 for having …
Wall Street Journal:
Obama Plans to Take Action Against Patent-Holding Firms  —  WASHINGTON—President Barack Obama on Tuesday will announce a set of executive actions aimed at reining in certain patent-holding firms, known as “patent trolls” to their detractors, amid concerns that the firms are abusing the patent system and disrupting competition.
Rip Empson / TechCrunch:
Now 34M Users Strong, DIY Web Publishing Platform Wix Takes First Step Toward IPO  —  Back before Tumblr and its billion-dollar exit were even a twinkle in David Karp's eye, there were few places for non-techies to go to create professional-looking websites.
More: PRWeb and The Next Web
Lenovo planning smartphone venture in expansion drive  —  (Reuters) - China's Lenovo Group Ltd, the world's No.2 PC maker, is in detailed discussions on a smartphone venture with NEC Corp, a Japanese partner in PCs whose mobile business is faltering, as it eyes partnerships and acquisitions to expand in high-growth markets.

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