News In Brief: M-Dot Networks, Cisco, Telecom Asia,LG Display, Nortel, IDC

US startup M-Dot Networks won $100,000 (€75,000) worth of prizes in a regular Amazon contest for new ventures Half of the sum will be paid in cash, with the remainder in credits from Amazon Web Services.
 
Broadband connections in Brazil grew by 1.18 million to 16.2 million in 1H10, as PC penetration increased, Cisco figures show.
 
Telecom Asia, Telecom Europe.net’s sister publication, named Nokia Siemens as the world’s best provider of managed support services at an awards ceremony Thursday evening.
LG Display will consider appealing against a €215m EC fine for price fixing despite admitting breaking European competition laws.
 
Thousands of patents once owned by Nortel are on the auction block in a private sale process, with final bids due within weeks, sources told Reuters.
 
IDC predicts sales of semiconductors for computers and smartphones will generate revenues of $113 billion (€85.2 billion) and $80 billion respectively in 2010. Total global revenues will hit $303 billion in 2011, and grow to $380 billion by 2015, it said.

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