Microsoft has reported a 31% increase in quarterly profit to $5.2 billion, on 13% higher revenue of $16.43 billion, despite what CFO Peter Klein called the “mixed” performance of the PC market.
Panasonic plans to cut nearly 17,000 jobs over the next two years, in a second round of job cuts aimed at restoring the company's profitability.
Canada's Rogers Communications has chosen Ericsson to build its LTE network. The operator plans to launch its LTE network in Vancouver, Ottawa and Montreal by the end of the year, and be live in the top 25 markets by the end of 2012.
Indian telecom regulator Trai has launched a review into reducing interconnection charges, and has even floated the possibility of making the industry do away with the fees altogether.
Alcatel-Lucent and Siemens are both considering IPOs of their respective enterprise equipment businesses, and Alcatel-Lucent is alternatively weighing up trying to sell its division, sources claim.
Samsung has launched the Galaxy S II in Korea, with plans to roll the smartphone out in 120 countries by early June. The UI is little changed from the version which prompted Apple to sue Samsung accusing violation of iPhone patents and designs.
Cisco will offer early retirement packages to some employees in the US and Canada in an attempt to rein in costs and improve its financial performance.
Russian search firm Yandex hopes to raise up to $1 billion in an IPO on the Nasdaq exchange, and will invest the proceeds in new servers and data centers.
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