Webwire: NSN outlines first redundancies; Sony names new chief exec
Nokia Siemens will cut 2,900 jobs in Germany and a further 1,200 in Finland, as part of its plan to slash 17,000 positions by end-2013 to cut costs.
Sony will promote vice president Kazuo Hirai to president and CEO on April 1. Current chief Howard Stringer is set to become chairman on that date.
Japan's eAccess is deploying an LTE network capable of theoretical downlink speeds of 300Mbps. The network utilizes 40 MHz of spectrum and requires devices featuring four antennas.
Amazon’s 4Q profit slumped 57% to $177 million (€135 million), and the firm’s revenue fell a billion dollars shy of analyst’s predictions despite growing 35% year-on-year.
Chip firm ARM grew net profit 45% in 4Q11 on the back of rising smartphone shipments. The firm’s chips power Apple’s iPhone and iPad among others.
Two UK travelers have been refused entry to the US, after one of them tweeted that he was going to “destroy America.” The tweet's author insists he merely meant he was going to have a good time.