AP – LG Electronics Inc., a major manufacturer of mobile phones and flat screen televisions, swung to its first net loss in seven quarters, hit by falling prices for TVs and a hefty price-fixing fine slapped on its affiliate LG Display.
Reuters – The House Energy and Commerce Committee backed including about $3 billion in grants to expand Internet service as part of a larger economic stimulus bill, including a provision requiring “open access” in wireless service and on the Internet.
NewsFactor – Nokia on Thursday reported a 69 percent drop in profit for the fourth quarter and said it will cut 1,000 jobs. The Helsinki, Finland-based mobile-phone maker blamed the plummeting profit on a lack of demand for its mobile handsets.
AP – World-leading mobile phone maker Nokia Corp. on Thursday said profits plunged 69 percent in the fourth quarter and warned the economic downturn would batter the handset industry harder than previously thought.
AFP – Nokia, the world’s leading mobile phone maker, reported Thursday a near 69 percent slump in fourth-quarter earnings on falling handset prices and sales, leading it to cut its industry outlook.
AFP – Japanese on Thursday unveiled a security robot that can be operated remotely by cellphone and launch a net to capture an intruder.
Reuters – Top cell phone maker Nokia (NOK1V.HE) reported a worse-than-expected dive in fourth-quarter profit, and warned market volumes would shrink 10 percent this year as the economic slowdown hits consumer spending.
PC World – Chinese officials have closed 1,250 Web sites and arrested 41 people as part of the country’s ongoing campaign against Internet pornography, and plan to extend the crackdown to content for mobile phones, China’s Ministry of Public Security (MPS) said Thursday.
AFP – Ericsson, the world’s leading supplier of mobile phone network equipment, reported strong fourth quarter results on Wednesday but said it will cut 5,000 jobs to counter the effects of the global economic crisis.
Reuters – China has extended a crackdown on electronic porn to the country’s mobile phones, after shutting down 1,250 websites because of their explicit content, the official Xinhua agency said Wednesday.
Subscribe via RSS Feed stay updated with blog articles