Webwire: LGE pumps cash into phone; Apple loses patent case in Germany
LG Electronics plans to pump half of its 2012 capex budget of 1.15 trillion won (€745 million) into its struggling mobile phone business.
Apple is set to dodge a ban on device shipments in Germany because its units are distributed by a local firm. A judge ruled Apple infringes two Motorola Mobility patents on Friday.
UK mobile phone retailer Carphone Warehouse is selling its stake in a US mobile phone joint venture with Best Buy, and is shutting all eleven Best Buy stores in the UK after the outlets failed to turn a profit in nearly two years.
Oracle is one of several buyers eyeing HP’s webOS software division, however the selling price is tipped to fall short of the $1.2 billion (€871 million) HP paid for Palm – the creator of the software – last year.
US bookstore chain Barnes & Noble is set to launch a tablet version of its Nook e-reader on November 17. The firm hopes HD video streaming will differentiate the unit from other tablets.
A US court is seeking updated information from Sprint Nextel relating to its bid to stop AT&T acquiring T-Mobile USA, because documents supplied are already six months old.