Samsung chair to tackle corruption
Samsung Group chairman Lee Kun-hee is expected to reshuffle the group's high- and mid-ranking executives, and has already dispatched audit teams to root out corruption across the company, after discovering cases of alleged embezzlement and bribery at some subsidiaries.
Oracle wants 50% cut of Android revenue
Oracle is seeking an up to 50% cut of Android search ad revenue through a patent lawsuit alleging infringement of Java patents. Oracle is also asking for compensation for Java “fragmentation.”
KDG loss widens on refinancing costs
German cable operator KDG's net loss widened to €45.3 million for the year ending in March on debt refinancing costs, but said the refinancing will allow it to pay a dividend to shareholders.
Sprint, Motorola unveil 4G phone
US operator Sprint has unveiled plans to launch 10 Motorola devices in 2011, including a 4G Android handset, the 1-GHz Photon 4G.
EMC mulls $3b in “big data” acquisitions
EMC is considering spending up to $3 billion in M&As this year in a bid to acquire tools for the management and analysis of large amounts of data, according to COO Pat Gelsinger.
National Semiconductor reported a 15% decline in fourth quarter profit to $67.1 million, on 6% lower revenue of $374.1 million, two months after agreeing to sell itself to rival Texas Instruments for $6.5 billion.
Apple yields on some media app rules
Apple has dropped some of its controversial restrictions on media apps providing purchase options outside of the iTunes ecosystem, including striking a requirement for publishers to make content available in-app (with Apple taking a 30% cut) at the same price or less as it is available elsewhere.
Albania opens bidding for second 3G license
The Albanian government is inviting bids for a second 3G license, following the sale of a license last year to Vodafone Albania for around €30 million ($43.5 million).
Related content
- Webwire: Apple to pay dividend; China extends Google-Moto probe
- Webwire: India roaming deal in doubt; Sony PSN attacked again
- Webwire: Sprint Nextel, Clearwire settle tiff; Samsung to countersue Apple
- Webwire: Apple sues Samsung; Quake hits TI profit
- Webwire: SK telcos fined for price fixing; Sprint splits with LightSquared