Business Week - Tech
France Telecom, Telekom Could Merge, Union Says, Reuters Reports
Deutsche Bank AG’s increased stake in France Telecom SA could signal a merger of the French phone operator with Deutsche Telekom AG, according to the CFE-CGC/UNSA labor union federation, Reuters reported, citing the union.
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Anil Ambani’s Reliance Scraps Talks to Sell Towers
Billionaire Anil Ambani’s Reliance Communications Ltd. ended talks to sell some assets to GTL Infrastructure Ltd. after both sides failed to agree on a deal to create India’s second-largest operator of mobile-phone towers.
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China’s Mobile Internet Users May Double in 5 Years, Lee Says
China’s mobile Internet users may more than double within five years as smartphones that can browse the Web and download music become more affordable, Lee Kai-fu, the former head of Google Inc.’s China division, said.
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Foxconn’s Gou Cuts Long-Term Sales Growth Target
Foxconn Technology Group Chairman Terry Gou cut his long-term growth target for the world’s largest contract manufacturer of electronics by 50 percent as demand for Apple Inc. iPhones and iPads fails to offset slowing computer sales.
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Elpida Jumps Most in Year on Mitsubishi UFJ Rating
Elpida Memory Inc. surged the most in more than a year in Tokyo after Mitsubishi UFJ Morgan Stanley Securities Co. rated the world’s third-biggest maker of computer-memory chips as “strong outperform” in new coverage.
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Samsung Mulls 30 Trillion Won Investment in 2011, KED Reports
Samsung Electronics Co. is considering investing 30 trillion won next year to expand into new businesses, the Korea Economic Daily reported, citing Chief Executive Officer Choi Gee Sung. The amount compares with 20 trillion won of investment made this year, the Korean- language newspaper said.
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Foxconn’s Gou Cuts Target as Size Brings ‘Biggest Challenge’
Foxconn Technology Group Chairman Terry Gou cut his long-term growth target for the world’s largest contract manufacturer of electronics by 50 percent as demand for Apple Inc. iPhones and iPads fails to offset slowing computer sales.
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Telekomunikacja Says Court Ruling to Cut 2010 Profit
Telekomunikacja Polska SA said a court ruling that orders Poland’s largest phone company to pay about 2.9 billion kroner ($502 million) to DPTG I/S will have a negative impact on its earnings this year.
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Google Loses German Court Ruling Over YouTube Videos
Google Inc.’s YouTube video service lost a Hamburg court ruling over copyrighted material that was posted online without permission for rebroadcast.
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Menlo Ventures Said to Be Seeking up to $800 Million for Fund
Menlo Ventures, the biggest investor in 3Par Inc., is raising capital for a new fund, said two people familiar with the matter. The firm is attempting to bring in $600 million to $800 million, one of the people said.
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3Par Venture Backers Reap $560 Million by Hanging On
Patience paid off for the venture capitalists who backed data-storage supplier 3Par Inc.
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SAP Sees ‘Limitless’ Potential in ‘Second Home’ China
SAP AG aims to make China “a second home” as local companies seeking management tools and real-time business intelligence will provide “limitless growth” for the software maker, co-Chief Executive Officer Bill McDermott said.
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Samsung, Toshiba ‘Me-Too’ Tablets Seek to Battle IPad
Samsung Electronics Co. and Toshiba Corp. unveiled tablet computers in Berlin yesterday, aiming to take market share from Apple Inc.’s iPad with their lower-priced “me-too” devices.
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Ex-Googler Lee Backs China Companies to Foster Startup Culture
Founded by Kai-Fu Lee, former head of Google's China division, business incubator Innovation Works is funding 12 startups amid strong demand for Web technology
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3Par's Venture Backers Win Big By Holding Shares
Menlo Ventures and the other early venture investors in 3Par reaped a $560 million windfall amid the HP-Dell bidding war
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Videocon May Sell Control of Mobile-Phone Unit, Executive Says
Billionaire Venugopal Dhoot’s Videocon group may sell a controlling stake in its wireless unit to an overseas partner to help fund expansion of the business.
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HP to Buy 3Par for $2.35 Billion as Dell Walks Away
Hewlett-Packard Co. agreed to buy 3Par Inc. for $2.35 billion, ending an 18-day bidding war with Dell Inc. for the maker of storage systems and stepping up its rivalry with EMC Corp.
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HP Might Have Won 3Par at a Lower Price by Waiting
Hewlett-Packard Co. may have paid more than it needed for 3Par Inc. because it outbid a Dell Inc. offer that 3Par already rejected, said two people close to the situation.
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Intel Wants to Be Inside Everything
Intel is counting on its Atom embedded processors to help break its dependence on the slowing PC market
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Help for Lost Cell Phones
Zomm and Phone Halo aim to prevent the agony of the lost cell phone
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