Webwire: Adobe dumps Flash for mobile; Sofbank, Alibaba mull hostile Yahoo bid

Adobe abandons Flash for mobile
Software firm Adobe is throwing in the towel on development of its Flash Player for mobile devices, claiming the wide support for HTML 5 technology makes it a better choice.
BBC

Softbank, Alibaba may make hostile Yahoo bid
Japan's Softbank and Chinese e-commerce group Alibaba are in talks with potential private equity partners over mounting a hostile takeover offer for Yahoo, sources claim.
BusinessWeek

Globe plans $790m network, IT upgrade
The Philippines' Globe Telecom has contracted Huawei for a $700 million mobile network modernization project, and Amdocs for a concurrent $90 million IT upgrade. It will be Globe's biggest investment in two decades.
Manila Bulletin

AIS boosts quarterly net 26%
Thailand's AIS grew its September quarter net profit 26% to 6.17 billion baht ($2.1 million). The operator also revealed it expects only a minimal profit impact from the Thai floods.
Reuters

Amazon buys Yap, may take on Siri
Amazon has acquired US speech recognition firm Yap, in a purchase speculated to be aimed at helping the company compete with Apple's Siri voice-controlled assistant service.
All Things Digital

Cisco gives higher than expected Q2 forecast
Cisco beat expectations with its Q2 forecast of between 7% to 8% higher sales, and earnings per share of 42 cents to 44 cents.
Reuters

Panoramic mode discovered in iOS 5
A programmer and has discovered a hidden panoramic camera mode built into Apple's iOS 5, which can be enabled on jailbroken iPhones with a single change to one file.
Daily Mail

AWS cuts data center prices
Lower energy prices are touted as a reason why a new Amazon Web Services data center in Oregon, USA undercuts its site in Northern California.
GigaOm