The Wrap: First specks of rust show on Chrome

The beta version of Google's new browser as operating system has caused a sensation this week, particularly in terms of the threat it poses to Microsoft's core business.

However, it has already come in for some stern criticism for its proposed usage terms and security shortcomings.

The furore surrounding Chrome overshadowed the news that BT's former CEO Ben Verwaayen and former EADS co-CEO, Philippe Camus, as chairman of Alcatel-Lucent. The appointments are popular with the markets, but both men left messy situations behind and they've a very touch task ahead.

It's been a week of crashing shares for some, with Ciena's tumbling 25% after its CEO issued a profits warning for Q4. Yahoo's shares hit a five-year low at under US$19, while Sony's  dropped 4% after it had to recall almost half a million Vaio laptops because of faulty batteries - again.

Qualcomm's too fell 2% as handset replacements slows. It was also in trouble for contempt of a court injunction concerning Broadcom's patents.

Elsewhere, China Netcom and mobile operator China Unicom's shares rose by 6% and 5.2% respectively as Telefonica agreed to increase its share in Netcom. As part of the government's rationalisation of the telecoms sector, Unicom and Netcom are to merge.

Global Crossing announced it is stepping up its hosted service offerings in Europe as its current facilities near full capacity and in Russia, VimpleCom launched 3G in four cities, with 40 more to follow by the end of the year.

Nokia has yet again irritated operators, this time launching its first Comes With Music (that is free downloads for the first year) handsets in the UK in competition with the operators' own music service offerings. Only Carphone Warehouse offered support.

Still, at least Samsung has finally agreed to let Nokia acquire Symbian on the grounds its for the greater good. It might be too little too late though as Symbian's growth withers in an otherwise blooming sector.

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