Webwire: Huawei targets $100b revenue; Baidu Q1 profit grows 123%

Dylan Bushell-Embling
28 Apr 2011
00:00

Huawei targeting $100b in annual revenue

Huawei hopes to more than triple its annual revenue to $100 billion within the next five to 10 years as it expands into the enterprise and devices sectors.

Bloomberg

Baidu grows Q1 profit 123%

Chinese search engine Baidu grew its first-quarter profit 122.8% to 1.07 billion yuan ($164.3 million), in a result which surpassed analysts' estimates. But the company may face a new challenge to its market share from the government-backed Goso.cn.

RTTNews

BBC News

CenturyLink to buy Savvis for $2.5b

US operator CenturyLink will acquire internet infrastructure company Savvis for $2.5 billion, in a bid to develop its hosting and cloud services capabilities.

Dow Jones Newswires

Broadcom shares slide on soft Q2 guidance

Shares in chipmaker Broadcom fell 12.3% on Wednesday, after the company missed consensus expectations with its latest profit forecast even as it reported a rise in Q1 earnings.

MarketWatch

Apple, Google asked to testify on location privacy

Apple and Google have been asked to testify at a US senate hearing into smartphones recording the locations of their users. Apple has also made statements about the iPhone location tracking issue, claiming that what is being stored is actually hotspot locations, and that the duration of storage is down to a bug.

GovInfo Security

NZ Herald

Anger over Indian web restrictions

Free speech activists have slammed Indian regulations issued earlier this month but only now coming to light, which allow lawmakers to demand internet content be removed if it is deemed disparaging, harassing, blasphemous, hateful, or threatens national unity or international diplomacy.

New York Times

Verizon's LTE network hit with glitches

Verizon has been grappling with technical faults on its LTE network which have led to reports of outages across the US.

Engadget

World Bank gives $50m for Afghan telecom

The World Bank will provide Afghanistan with a $50 million grant to help the nation expand its telecom and IT sectors.

Xinhua

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