News In Brief: Nortel, Apple, PLDT, Adtran, Skype

Nortel spinoff Entrust has been acquired  by private equity firm Thoma Bravo for $114 million.

Taiwan's opposition party is pressuring  the government to abandon its chip industry revival plan.

Apple has launched  a beta version of the iPhone 3.0 software the company previewed  last month.

The Philippines stock market dived  yesterday, weighed down by the poor performance of incumbent operator PLDT.

Bellweather network equipment vendor Adtran recorded  a net income of $15.2 million for Q1, down 10% from a year ago. But the result still beat analysts' estimates.

The Skype iPhone client has now been downloaded  more than 2 million times since its debut on March 31. The client was downloaded more than 1 million times in its first two days on the market.