Microsoft shrugged off a mixed performance in the PC market to grow profit 31% to $5.2 billion (€3.4 billion) in 1Q11, on revenues of $16.43 billion, however the figures are lower than rival Apple for the first time in 20 years.
Alcatel-Lucent and Siemens are both considering IPOs of their respective enterprise equipment businesses, and Alcatel-Lucent is alternatively weighing up trying to sell its division, sources claim.
Indian telecom regulator Trai could abolish interconnection fees following a review of the charges.
Samsung has launched the Galaxy S II in Korea, with plans to roll the smartphone out in 120 countries by early June. The user interface is little changed from the version which prompted Apple to sue Samsung for violating iPhone patents and designs.
Russian search engine Yandex hopes to raise $1 billion (€672 million) in an IPO on the Nasdaq exchange, and will invest the proceeds in new servers and data centers.