Samsung Group chairman Lee Kun-hee has sparked rumors of a major management overhaul as he attempts to root out corruption at the firm. Audit teams have been dispatched to probe allegations of embezzlement and bribery at some subsidiaries.
Oracle is seeking up to 50% of Android search ad revenue in a lawsuit alleging infringement of Java patents. Oracle is also asking for compensation for Java “fragmentation.”
EMC is considering spending up to $3 billion (€2.07 billion) on acquiring firms offering data analysis, as it seeks to diversify from its traditional storage business.
National Semiconductor’s profit fell 15% to $67.1 million (€46.3 million) in its fiscal fourth quarter – the three months to May 29 – on 6% lower revenue.
Apple has dropped some of its controversial restrictions on media apps providing purchase options outside of the iTunes ecosystem.
The Albanian government is inviting bids for a second 3G license, setting a €12.5 million minimum price. The new operator will compete with Vodafone, which last year paid €30 million for the country’s first license.