Webwire: Google profit misses forecasts; NSN sale mooted
Google missed analyst forecasts for first quarter profit, despite growing net income 18% year-on-year to $2.3 billion (€1.5 billion).
Nokia and Siemens are considering selling a controlling 51% stake in joint venture Nokia Siemens Networks for $2 billion (€1.3 billion), due to continuing losses at the firm.
Alcatel-Lucent is mulling the sale of its enterprise equipment business for up to $2 billion (€1.3 billion), either to a single buyer or via an IPO, despite steady profit growth at the division.
Sony staff in Japan could get an early holiday under plans to shut down some sites in the country for a fortnight, as the firm looks to address continuing power shortages resulting from last month’s earthquake and tsunami.
China Unicom has contracted ZTE to upgrade its network to HSPA+ in seven cities, as part of its target of upgrading 56 cities to 3G this year.
A video game developer's association has criticized Amazon for setting pricing terms that may harm game makers' profits, and for trying to ensure a virtual monopoly on Android games.
Russian mobile phone retailer Euroset Holding says it pulled a planned $1.3 billion (€898 million) UK IPO due to market conditions, however analysts claim the price tag was too high.