Global semiconductor revenue fell by 5.4% to $255 billion last year and faces a further decline in 2009, Gartner said.
The West Africa Cable System (WACS) consortium has contracted Alcatel-Lucent to deploy a new undersea cable network linking Southern Africa and Europe. The contract is worth "several hundred million US dollars," Alca-Lu said.
Young Moldovian protesters used SMS and social networking tools such as Facebook and Twitter to organize an impromptu protest against the recently re-elected communist leadership.
Sharp expects to post net loss of 130 billion yen ($1.3 billion) for the previous financial year, 30% higher than its February estimates.
Orange Business Services has been contracted to supply ICT services for chemical supplier AzkoNobel. The multimillion euro contract has a term of five years.
Intel has given the first live demonstration of the company's latest Atom-based MID platform. The platform promises to reduce idle power consumption by over 1000%, and will be accompanied by a new version of its Moblin software.
The GPS-enabled GSM/W-CDMA handset market grew 178.6% in 2008, with 78 million units shipped, research firm Berg Insight said.
Pacnet has nearly doubled the capacity on the EAC-C2C subsea cable network, adding over 3.2 Tbps of capacity. EAC-C2C is now APAC's highest capacity subsea cable network, Pacnet said.