Techmeme
February 16, 2017, 7:10 AM

Top News

Mikey Campbell / AppleInsider:
KGI: Apple's 2017 OLED iPhone to have a “function area” for virtual buttons in place of home button, a bigger battery, and a price tag starting at $1K  —  Apple will ditch the home button when it debuts a new ‘iPhone 8’ model later this year, and will dedicate the extra screen real estate …
Darrell Etherington / TechCrunch:
Microsoft open sources simulator that lets developers test autonomous drones, cars, robots, and more in a virtual environment  —  Microsoft has made available a beta version of an advanced virtual world for training autonomous drones, as well as other gadgets that move on their own.
Bloomberg:
Sources: Verizon close to new deal for Yahoo properties, which reduces the $4.8B fee by about $250M; Verizon and Altaba to share liability for security breaches  —  Verizon has tentatively reached a revised Yahoo deal that would lower the price by about $250 million, Bloomberg News reports.
Alex Heath / Business Insider:
Facebook to add tools to connect businesses and job seekers in US on Friday: “Apply Now” button, autofill for applicant information, responses via Messenger  —  Facebook is going after LinkedIn, Glassdoor, and other job listing sites.  —  Starting Wednesday …
Mark Gurman / Bloomberg:
Source: Huawei has 100+ engineers developing a smartphone digital assistant for its Chinese users, aimed at competing with Siri  —  One of China's largest smartphone makers wants to take on Siri.  —  by  —  Huawei Technologies Co., the third-largest smartphone maker …
Rishika Sadam / Reuters:
Cisco reports Q2 revenue of $11.6B, down 2% YoY but beating estimates, as core businesses decline  —  Cisco Systems Inc's (CSCO.O) quarterly revenue fell for the fifth straight quarter, hurt by sluggish demand in its legacy network equipment business.  —  The company's net income fell to $2.35 billion …
Bloomberg:
Sources: Apple struggles to make big M&A deals due to risk aversion, inexperience closing and integrating deals, a reluctance to work with external advisers  —  IPhone maker mostly buys small startups for new tech, talent  —  CEO hints at larger transactions as analysts seek new growth

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