Canadian Press – STOCKHOLM, Sweden – LM Ericsson shares plunged nearly 24 per cent Tuesday as the wireless network company unexpectedly cut its third-quarter forecast, the latest cellphone technology company to feel the pinch of slowing sales worldwide.
Reuters – Mobile phone maker Samsung Electronics Co Ltd (005030.KS) said on Tuesday it would launch its first-ever phone incorporating a Global Positioning System (GPS).
Canadian Press – GENEVA – Major airlines have agreed on a standard that will allow travellers to check in using a bar code sent to their cellphones, the International Air Transport Association said at a meeting in Geneva.
Reuters – Nokia (NOK1V.HE), the world‘s largest cellphone maker, said on Tuesday a touch-screen version of its popular S60 smartphone software would be ready in 2008.
Canadian Press – SEOUL, South Korea – LG Electronics Inc., a major producer of mobile phones and consumer electronics, said Tuesday that third-quarter net profit surged nearly 15-fold amid record handset sales and better performance by its flat panel joint venture LG.Philips LCD Co.
FT.com – Swedish mobile phone maker Ericsson fell steeply in early trade on Tuesday, taking other European handset manufacturers with it after warning third-quarter profits would be shy of forecasts.
Canadian Press – STOCKHOLM, Sweden – Mobile phone maker Sony Ericsson Mobile Communications AB on Monday said it has agreed to sell a 50 per cent stake of UI Holdings BV to rival Motorola Inc.
Reuters – Spain’s competition watchdog has opened a probe of the country’s three largest mobile phone operators for possible collusion, Spain’s Consumer and Users Organisation said on Monday.
Reuters – Broadcom Corp said on Monday it had developed an integrated third-generation (3G) high-speed wireless cell phone chip ahead of bigger rivals Texas Instruments Inc and Qualcomm Inc , sending Broadcom shares up as much as 3 percent.
TechWeb – The N95 offers some advantages over the iPhone, including support for 3G cellular technology called HSDPA, integrated GPS, and stereo Bluetooth.
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