THE WRAP: Motorola's slide, Telenor's Indian play

This week Motorola's handset losses widened and Telenor bought into an Indian cellco.

 

Motorola shares fell by 8% after it warned it would miss its forecast. Its operating loss widened from $248 million to $840 million and it said it did not expect its mobile phone business to turn around until 2010.

 

Alcatel-Lucent - yet to report a profit since it was formed two years ago - posted a €38 million loss. New chief executive Ben Verwaayen said the company was willing to sell its 21% stake in defense firm Thales.

 

Telenor will pay $1.1 billion for 60% of a startup Indian cellco, Unitech. It said turbulence in Asian markets would curb growth in 2009.

 

Asian satellite firms warned that Wimax C-band interference threatened to turn screens black in six countries.

 

Yet another member deserted Terria, the Australian consortium challenging Telstra for the right to build a next-gen network.

 

US carrier Qwest posted a profit but plans to cut 3% of its work force because of the continuing loss of fixed-line customers.

 

Investors remained unimpressed with Sun Microsystems after it lost $1.68 billion for the quarter.

 

Taiwan Semiconductor, the world's biggest contract chip fab, warned sales would fall by up to 10% in 2009. Gartner trimmed its 2009 Asia-Pac IT spending forecast from 11% to 8.3%.

 

Cable firm Cox will build a mobile network in the US - possibly using LTE - to launch in late 2009.

 

Intel will invest $11.5 million in Taiwan mobile Wimax carrier VMAX.

 

With a possible merger in mind, Yahoo and AOL carried out due diligence on each other.

 

Less than two years after the launch of the unpopular Vista, Microsoft introduced an early version of its next OS, Windows 7, though it did not give a launch date.

 

It also took the wraps off cloud computing service Azure and foreshadowed a web-based version of Office.

 

A Chinese official rebuked Microsoft for "wrong methods" after it blacked the screens of PCs using pirate versions of Windows last week.

 

China's information ministry predicted mobile subs would reach 632 million by the end of the 2008 and nearly 800 million by 2011.

 

Internet firms agreed a set of guidelines for dealing with censorship in authoritarian regimes.

 

Google reached a $125 million settlement with authors and publishers that will allow it to post books and book excerpts online.

 

UK cellco and ISP Orange rejected the controversial targeted ad firm Phorm on privacy grounds.

 

In its first investments, BlackBerry's VC fund spent $16.7 million on three mobile phone apps.

 

Qualcomm opened a test center in Singapore. Motorola set up a broadband wireless lab in Penang.

 

Optical gearmaker JDSU lost its CEO Kevin Kennedy, who will take over at Avaya in January.

 

Some Second Lifer avatars self-immolated in protest over a hike in prices in the virtual world. And a US Army report said Twitter, GPS and voice-changing software were potential terrorist tools.

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