THE WRAP: Nokia seeks CEO, Mot sues Huawei
This week Nokia looked for someone who could get it back into the game, and Motorola accused Huawei of stealing company secrets.
Nokia is hunting in Silicon Valley for a new CEO to replace Olli-Pekka Kallasvuo, Wall Street Journal reported.
Nokia Siemens Networks picked up Motorola’s wireless network business for $1.2 billion and then collected a bumper $7 billion LTE deal from US startup Harbinger, which plans to wholesale capacity from a hybrid satellite-cellular network.
Motorola sued Huawei Technologies for stealing its secrets, claiming an ex-employee sent material to Huawei boss Ren Zhengfei. Huawei denied the claims.
Handset makers from RIM to HTC piled into Steve Jobs over his claim that their phones also suffered from signal problems.
Apple piled up the cash with sales topping $15.7 billion as iPhones, Mac and iPads flew out the door in another record quarter.
The iPhone also lifted AT&T’s bottom line with the carrier increasing its profit and full-year forecast.
Sales of Windows 7 powered Microsoft to a record $16 billion in revenue and a 48% higher profit of $4.52 billion.
Qualcomm boosted its outlook on the back of sustained demand for CDMA devices, while Chinese search leader Baidu doubled its profit.
Losses at Indian unit Uninor weighed on Telenor’s earnings. Other Asian businesses accounted for all of the group’s growth.
Telefonica engaged lawyers to work on dissolving its Brasilcel JV with Portugal Telecom.
A Chinese official said Google’s internet license had been renewed because it promised to obey the law.
Palm’s new owner HP said it would keep the brand but would move it “into the background.”
Ericsson and partner Indra acquired Telefónica’s pre-paid billing operations, covering 100 million subs in Europe and Latin America, and won a breakthrough managed services contract with China Mobile.
Dell paid $100 million (€77 million) to the US SEC to settle claims that it used false accounting methods.
Facebook user numbers have doubled in the past year to top 500 million.
Amazon said it is selling more e-books than hard covers.
The Patriot anti-missile system now has its own iPhone app.
And a great-grandson of Alexander Graham Bell a former US State Department analyst, was sent to prison as a Cuban spy.