Webwire: HP dumps PC spinoff plan; Baidu Q3 profit grows 80%

Webwire: HP dumps PC spinoff plan; Baidu Q3 profit grows 80%

Staff writer  |   October 28, 2011
telecomasia.net
HP is no longer considering spinning off its PC business, after deciding the unpopular move would not be in shareholders' interests in any event.
 
China's Baidu beat analysts' estimates with an 80% increase in Q3 profit to 1.88 billion yuan, due to strong search advertising gains.
 
BlackBerry maker RIM is being sued by consumers in the US and Canada over a recent service outage that covered four continents at its peak.
BBC 
 
An Australian court has accepted Samsung's request to have the court hearing for its appeal against the injunction on Galaxy Tab 10.1 sales in the market – won by Apple earlier this month – expedited. Samsung hopes to have the ban overturned before the Christmas sales period.
 
Iraq's cabinet is likely to decide in November whether to auction off a fourth mobile license, according to communications minister Mohammed Alawi.
 
Samsung has reported a 23% slump in Q3 profit as record mobile phone revenue    failed to make up for weakness in its display unit.
AFP 
 
PCCW has given potential investors wanting to buy preferential units in its planned telecom business trust until November 8 to fulfill the prerequisite of becoming shareholders in the parent.
 
Google will revamp its Google Offers business, using the daily deals site to aggregate offerings from at least 15 other sites.
Staff writer

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