News In Brief: Yahoo; LTE, Microsoft AOL, Telenor, MindTree

Yahoo board member Maggie Wilderotter will step down on December 31. The company said that Wilderotter's decision to leave was not related to any problems within the company or board of directors, but her desire to “focus more on other responsibilities.” Wilderotter, CEO of telco, Frontier Communications, joined Yahoo's board in 2007.

Twelve LTE patent owners from five countries have met in Tokyo to discuss the structure and terms of a patent pool for the new 3GPP standard, patent pool administrator MPEG LA said
 
Microsoft CEO Steve Ballmer took a 5.5% pay cut last financial year as the software company suffered its first ever drop in sales.
 
 Former YouTube “monetization” head Shashi Seth has been appointed AOL's new senior VP of global advertising products. Seth will report to AOL ad boss Jeff Levick, also an ex-Googler as is AOL CEO Tim Armstrong. Seth left Google in 2008.
 
A Siberian court has adjourned Telenor's appeal against a €1.16 billion damages claim that it had been ordered to pay to Russia's Vimpelcom. The hearing will resume on March 24, 2010.Telenor is appealing a ruling in a suit brought by Vimpelcom shareholder Farimex, which says the Russian group was hurt by Telenor's reluctance to expand into Ukraine. 
 
Indian IT solutions company MindTree will acquire the R&D arm of Kyocera Wireless in India for €4m in an initial upfront payment. The 600-strong team of Kyocera Wireless India is focused on wireless product development, software engineering and development of custom handsets for Indian carrier. It will continue to provide engineering services to San Diego-based KWC and other Kyocera entities on a contract basis.

 

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