Google has given up on the Nexus One smartphone. It said the latest shipment, received last week, would be its last.
IBM Q2 sales missed analysts’ forecasts, with new services contracts falling 12% as enterprises held off on new signings, Bloomberg reported. Its full-year earnings forecast was also short of estimates.
Bangladesh’s leading cellco Grameenphonehas reported a 32.8% year slump in Q2 net profit to BDT1.68b ($25m). Sales rose 15% to BDT18.8b.
Cisco, 3Com (now HP) and four other companies will pay $112m to settle a Power-over-Ethernet patent case with Network-1, CIO.comsaid.
Russian internet investor Digital Sky Technologies, which recently bought a $300m stake in Tencent, is focusing on possible new investments in Asia and Europe, WSJ reported.
For the second time in three years, China has reportedly shot down one of its own ageing satellites with a missile to demonstrate its space warfare capability.