This week PCCW went private and red ink flowed in the vendor sector.
Motorola lost $3.6 billion and its CFO after handset sales halved. It now has 6.5% of the global device market.
Lenovo sacked its American CEO and replaced him with chairman Yang Yuanqing. Co-founder Liu Chuanzhi returned as chairman after it posted a $97 million loss and PC shipments fell 5%.
Panasonic announced 15,000 job cuts after its expected $335 million profit turned into a $4.2 billion loss.
Alcatel-Lucent posted a $5 billion loss after a hefty goodwill writedown. But it made a quarterly operating profit and expects to break even this year.
Cisco's net fell 27% as John Chambers warned of possible layoffs if the economy deteriorated further.
AT&T CEO Randall Stephenson said he won't seek a bonus for 2008 and senior managers won't see a raise during 2009.
The MIIT ordered China Telecom and Unicom to shut down Xiaolingtong by 2011. The PHS service has nearly 70 million customers.
The Obama stimulus package awaited Senate approval, promising $20 billion on digitization of health records and $6 billion on broadband.
Announcing an 18% jump in profit, Tandberg said cuts in corporate travel budgets have boosted sales of its video-conference gear.
Telstra began the hunt for a new CEO. Skype released version 4.0 after a year of public testing. Apple co-founder Steve Wozniak joined a storage startup. IBM won a five-year outsourcing contract from Sony Ericsson.
And 4,000 iPhone users downloaded an app developed by a nine-year-old Singaporean boy.