THE WRAP: Jerry Yang's exit, Baidu's scandal, IP in space

This week Jerry Yang bowed to the inevitable, and more bad news came in from the chip sector.

Jerry Yang quit as Yahoo CEO after a disastrous 16-month stint. Yahoo's stock is less than a third of the Microsoft bid price. Microsoft chief Steve Ballmer ruled out another tilt.

Handset chip sales will fall 6.4% and total semiconductor sales are set to decline 5.6% in 2009, the Semiconductor Industry Association has predicted.

HP said its Q4 results would come in ahead of expectations. Dell expected revenues to fall 4% short of guidance.

Nokia cut its Q4 forecast by 6% - its second revised guidance in successive quarters.

Nokia confirmed it would put its first TD-SCMDA phone on the China market next year.

China Unicom said it would spend $1.5 billion on 3G in the next two years. ZTE won the first post-merger CDMA contract from the reorganized China Telecom.

Baidu's stock price fell 42% after a TV program revealed the search company was running paid ads from companies selling fake medicines.

BlackBerry Storm, a touchscreen phone for consumers, debuted with Verizon Wireless. Adobe is bringing full-scale Flash to the handset - but not the iPhone.

The GSM Association launched a drive to embed HSPA chips in everything from cameras to environmental sensors. CEO Rob Conway called on governments to allocate vacated analog TV spectrum to 4G.

Film and TV companies launched a legal action against Australian ISP iiNet for not stopping fileswapping. iiNet also said it would implement the new Australian filtering laws just to show how ridiculous they were.

Barack Obama set up a website to canvass priorities for the soon-to-be-appointed first US national CTO. AT&T set up a new industry group to drive the debate on privacy.

Nasa tested a new internet protocol for deep space, known as Disruption-Tolerant Networking. The US military banned USBs and other movable storage disks in an effort to combat a virus called Agent.btz.

Microsoft will stop charging for its home anti-virus and security solution from the second half of next year. It appointed former Motorola APAC chief Simon Leung to head its China business.

A Hong Kong bus firm began offering free Wi-Fi to passengers.

 

Nokia and Navteq showed off a real-time traffic information app.

A Pew survey found 15% of Americans who had a hi-tech device break down in the previous year had been unable to get it repaired.

The court case of Lori Drew, who created a fake personality online to befriend a 13-year-old girl who later killed herself, began in St Louis.

UK schools have been teaching pupils how to avoid ringtone and other mobile scams.

And an employee laid off by a Silicon Valley chip firm shot dead the CEO and two other execs.

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