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Spending on IT to Hit $3.6 Trillion this Year

Industry tracker Gartner on Tuesday said that worldwide spending on information technology (IT) was on pace to hit $3.6 trillion this year despite trouble in the global economy.

The revised estimate by Gartner projects that IT spending will be slightly more than previously expected, climbing three percent from the prior year's tally.

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LG Electronics Seeks To Win Race for Next-Generation TV

South Korea's LG Electronics, long overshadowed by Samsung Electronics, is confident it can outpace its bigger rival in the race to dominate the world's next-generation TV market.

LG, the world's second-largest TV maker after Samsung, believes its technology will give it the edge in organic light-emitting diode (OLED) sets, which are expected to drive the industry in the future.

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Startup to Bring Real-Money Bets to Social Games

Online social games could get a shot of real money with a new platform launched by a startup on Monday.

The new platform to allow real-money bets on almost any online game is coming from Betable, a London-headquartered company with a British gambling license, and working in California with U.S. game developers.

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Microsoft Sets October Release For Windows 8

Microsoft's next-generation operating system will be available in October as the software giant strives to stay relevant in a blossoming mobile era centered on tablets and smartphones.

"This will be the biggest product and services launch year in our company's history," Microsoft chief executive Steve Ballmer said at an annual gathering of gadget makers and other partners in the Canada city of Toronto.

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Internet Doomsday Virus Appears To Fizzle

The so-called Internet doomsday virus with the potential to black out tens of thousands of computers worldwide appeared to pose no major problems Monday after a temporary fix expired.

Security firms reported no significant outages linked to the DNS Changer virus, as many Internet service providers have either implemented a fix or contacted customers with steps to clean their computers.

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AT&T to Block Stolen Phone Use This Week

AT&T said Monday it was implementing a system to block the use of stolen mobile phones, as part of an effort by U.S. carriers to crack down on theft of smartphones.

"As announced in April, AT&T is creating a stolen phone database to prevent devices reported stolen from accessing wireless networks," carrier spokesman Mark Siegel said.

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Intel Pumps Billions into Computer Chip Tool Maker

Intel Corporation on Monday announced that it will pump billions of dollars into ASML Holding during the next five years to speed up advances in tools for making computer chips.

Intel said it would spend approximately $4.1 billion (3.3 billion euros) investing in research at and buying an equity stake in the Dutch firm to speed development of technology for chips made on 450-millimeter diameter wafers.

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American Praised For Getting Japan Radiation Data

Japanese seeking information on radiation levels in the aftermath of the Fukushima disaster are turning to a volunteer group founded in the U.S. that has created a detailed and constantly updated visual database online.

Sean Bonner, a Los Angeles resident, computer expert and one of the founders of the group called Safecast, said nothing could have been more natural than to jump in and fill the need for information after the March 2011 earthquake and tsunami caused reactor meltdowns at the Fukushima power plant in northeastern Japan.

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Having Trouble Getting Online? Call Your Provider

Having trouble getting online? Some may find their smartphones working overtime because their computers couldn't seem to connect to the Internet on Monday morning.

Thousands waited too long or simply didn't believe the warnings of malware that took over computers around the world more than a year ago. At 12:01 a.m. EDT (0401 GMT), the FBI turned off the Internet servers that were functioning as a temporary safety net to keep infected computers online for the past eight months. The court order the agency had gotten to keep the servers running expired, and it was not renewed.

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Yahoo!, Facebook Unveil Alliance, End Patent Dispute

Facebook and Yahoo! announced Friday a new advertising partnership as the two tech giants settled a court dispute over patents.

The deal includes "a patent portfolio cross-license" and will allow the two firms to "work together to bring consumers and advertisers premium media experiences promoted and distributed across both Yahoo! and Facebook," a statement by the companies said.

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