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Cisco unveils $599 home videoconference system

Cisco Systems Inc. launched a $599 home version of its TelePresence videoconference system as the network equipment maker seeks to expand in the consumer market. Get the full story »

Verizon iPhone due early next year

Apple CEO Steve Jobs showing off the first version of the iPhone in 2007. (AP Photo/Paul Sakuma)

Apple Inc. plans to begin making a new iPhone by the end of the year, and Verizon Wireless will begin selling them in early 2011, The Wall Street Journal reported Wednesday.

AT&T is the sole U.S. carrier for the popular smartphone, and investors and consumers alike have long speculated over when Apple will expand distribution. Get the full story »

Motorola sues Apple for patent infringement

Motorola’s mobile devices and TV set-top box subsidiary is suing Apple for patent infringement, alleging that its California-based rival is illegally using Motorola technology in many of its core products and services, including the iPhone and the App Store.

Motorola Mobility, the subsidiary, filed complaints in the Northern District of Illinois and the Southern District of Florida, as well as with the U.S. International Trade Commission. The company said the complaints involve 18 patents relating to “early-stage innovations developed by Motorola” that can be found in the iPhone, iPad, iPod Touch and some Mac computers. The patents cover such technologies as antenna design, wireless e-mail and location-based services, Motorola said. Get the full story »

Chicago part of Verizon’s year-end 4G rollout

Chicago is one of the 38 cities that will be included in Verizon Wireless’ launch of its 4G network later this year, the operator said Wednesday.

Verizon, which will use a fourth-generation network technology called Long-Term Evolution, said its Chicagoland network will extend from the Wisconsin border, to Tinley Park and Homer Glen to Lake Zurich, Hoffman Estates and Bolingbrook. Lake Michigan will form the network’s eastern border. Get the full story »

Facebook upgrades allow friend groups

Facebook is introducing tools that will make it easier for people to separate their online friendships into groups and copy all the personal information they have posted on the Web site.

The new features will start rolling out to Facebook’s more than 500 million worldwide users Wednesday. Get the full story »

Prosecutor: Facebook, Twitter used in stock fraud

Facebook and Twitter social networking sites were used to tout stocks in a classic “pump and dump” fraud of about $7 million that was uncovered during a cocaine-trafficking probe, U.S. prosecutors said on Tuesday. Get the full story »

Toshiba to bring tablet to U.S. early next year

Toshiba Corp. plans to release new tablet devices in the U.S., Japan and elsewhere early next year, a top engineer at the company involved in the development of tablet computers told Dow Jones Newswires Tuesday.

“The market for tablets is very hot right now,” said Hideo Kasuya on the sidelines of the annual Combined Exhibition of Advanced Technologies, near Tokyo. Get the full story »

Apple challenges $626M patent verdict

Apple Inc.  is challenging the verdict in a patent infringement lawsuit that could force the consumer goods giant to pay up to $625.5 million in damages, according to documents filed with a federal court in Texas on Sunday. Get the full story »

Neiman’s Christmas Book is back — on iPad

Neiman Marcus is giving its 2010 Christmas Book an extra boost this year by distributing the famous catalog via Apple’s iPad.

The catalog of extravagant gifts, unveiled Tuesday, is an ode to the return of luxury shopping. And it allows tech-savvy spenders to view and purchase the gifts from their iPad. Get the full story »

Microsoft presents its answer to Apple’s iPad

Microsoft CEO Steve Ballmer shows Slate PCs during his keynote speech before the 2010 Consumer Electronics Show in January. The company plans to introduce a new slate to counter the iPad. (Reuters)

A Microsoft slate to counter Apple’s popular iPad tablet computer will be seen by the Christmas holiday, Microsoft’s Chief Executive Steve Ballmer said on Tuesday.

Ballmer did not say whether the palm-sized slates would actually be on sale in time for Christmas, nor did he say who would make them. Microsoft has been slow to respond to the iPad, and has also made little headway in mobile phones.

“You’ll see new slates with Windows on them. You’ll see them this Christmas,” he told an audience of students, staff and journalists at the London School of Economics. Get the full story »

Ex-Chicagoan Costolo to take over at Twitter

Dick Costolo (Getty Images)

Former Chicagoan Dick Costolo has been elevated to chief executive of Twitter, where he had been chief operating officer for the last year.

Twitter co-founder Evan Williams, who had been CEO of the microblogging service since 2008, announced the change Monday on the company’s official blog. Williams said he’s staying with Twitter and will “be completely focused on product strategy.” Get the full story »

Tesla recalls 400 Roadsters over fire risk

(AP)

Tesla Motors is  recalling more than 400 of its battery-powered Roadsters because of the risk that a power cable in the vehicle could short and catch fire.

Palo Alto, Calif.-based Tesla said it had received one report of a  12-volt cable in the vehicle chafing against a panel, causing the cable to short. Get the full story »

Microsoft to unveil Windows Phone 7 on Oct. 11

Microsoft Corp. plans to unveil its Windows Phone 7 on Oct. 11 in a bid to catch up in the mobile phone market.

The software firm announced the launch on its Web site, posting an invitation to the unveiling in New York next Monday. Get the full story »

Goldman Sachs downgrades Microsoft

Goldman Sachs downgraded Microsoft Corp. on Monday to neutral from buy, and lowered its price target on the software giant to $28 from $32.

Among the reasons for the move, the broker cited “increased caution near-term on a more elongated PC refresh cycle” as well as the threat that some of the notebook market could be cannibalized by tablet PCs, where Microsoft Windows doesn’t yet have a presence. Get the full story »

Toshiba does away with glasses in new 3-D TVs

Toshiba Corp. believes it has a solution for television viewers who like 3-D but hate the glasses. The Tokyo-based company on Monday unveiled the world’s first high definition liquid crystal display 3-D television that does not require special glasses — one of the biggest consumer complaints about the technology.