Webwire: LG slashes handset targets; iAd cutting prices?

Dylan Bushell-Embling
telecomasia.net
LG Electronics has cut its mobile phone sales targets to 24 million in 2011 - from the previous goal of 30 million - and warned it can't predict when the streak of losses at its phone unit will be reversed.
 
Sources say Apple has reduced the cost of advertising through its iAd service, halving the minimum spend and offering cut-price packages, in a bid to lure back advertisers turned off by the costs and catch up to rivals such as AdMob.
 
News International has pulled the plug on British tabloid newspaper News of The World, following fresh allegations of mobile phone hacking by journalists – including into the voicemail of a murdered schoolgirl. This Sunday's edition will be the last.
 
Enterprise Wi-Fi company iPass plans to create an Open Mobile Exchange to enable zero-click Wi-Fi roaming across participating carriers.
 
Major US ISPs - including AT&T, Cablevision, Comcast and Verizon – have agreed to implement a uniform six-stage graduated response to piracy by users, including “mitigation measures” for repeat offenders that can be as severe as a block on web access.
 
eBay will pay around $240 million in cash to buy mobile payment company Zong, and will use the acquired assets to add carrier billing capabilities to PayPal.
 
The number of downloads through Apple's App Store has passed 15 billion, around a month after Apple reported that 14 billion had been downloaded.
 
The proposed $2.1 billion Square Kilometre Array radio telescope would generate more data per day than the entire internet. The telescope, due to be switched on in 2020, will be housed in either Australia, New Zealand or South Africa.

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