Webwire: Cool reception for new RIM boss; TI 4Q profit battered
Analysts are unconvinced RIM’s new chief executive Thorsten Heins will turn the company around. The new boss said yesterday he plans to stick broadly to the strategy of his predecessors.
Texas Instruments’ profit plummeted $644 million (€493 million) year-on-year to $298 million in 4Q11, but sales of $3.42 billion beat analysts’ forecasts for the period.
ST Microelectronics, Europe’s largest chip maker, predicts a tough start to 2012, after slipping to a net loss of $11 million (€8.4 million) in 4Q11 on lower semiconductor demand.
European Commission vice president Viviane Reding claims conflicting data protection laws cost businesses €2.3 billion per year. Updated rules are tipped to be unveiled Wednesday.
Mobile operator Orange is waiving data charges for Middle East and Africa customers accessing online encyclopedia Wikipedia.
Rupert Stadler, chairman of auto-maker Audi, claims the firm won’t let connectivity rule cars of the future. Drivers will be able to turn off so-called ‘autopilot’ features, he told the Digital Life Design conference in Germany.