News In Brief: Verizon, C&WW, AMD, ZTE, Gartner, CIMB Group

Verizon has confirmed a problem with Motorola’s Droid X handset that causes the screen to flicker and display a band of light, All Things Digital reports. However, unlike Apple’s iPhone 4, the problem affects less than 1% of Motorola’s devices.
Cable & Wireless Worldwide has won a contract with Pakistan subsea cable operator Trans World Associates to provide data network solutions to Europe and the US.
Chip firm AMD said demand for mobile platforms helped it post record sales of $1.65 billion (€1.2 billion) in 2Q, up 40% from last year.
Chinese equipment vendor ZTE today announced it will deploy what it claims is the world’s first dual-band 1800/2600MHz LTE network for Hong Kong mobile carrier CSL.
Rapid adoption of software-as-a-service (SaaS) in the enterprise markets will fuel a 14.1% rise in revenues to $8.5 billion (€6.6 billion) in 2010, research firm Gartner predicts.
Malaysia-based CIMB Group has become the first financial services provider in the country to deploy telepresence having agreed a deal with Cisco to deploy the service in offices in its domestic market, Thailand, Indonesia and Singapore.