Webwire: Nokia loses out to RIM; DoCoMo cuts FY forecast

Webwire: Nokia loses out to RIM; DoCoMo cuts FY forecast

Staff writer  |   October 29, 2012
Nokia has fallen out of the list of top five smartphone vendors, being replaced by fellow struggler RIM.
Japan's NTT DoCoMo has reported a 13% slump in September quarter net profit, and cut its forecast for the financial year ending in March by 50 billion yen ($627.5 million), due to growing handset and infrastructure costs.
Paul Ceglia, the man who claims Mark Zuckerberg agreed to grant him a 50% stake in social network Facebook, has been arrested on fraud charges relating to his claim.
Apple last week complied with a UK court order to issue a public apology to Samsung over an IP infringement claim, but used the advert to point out that other global courts have backed it in fights over the same patent.
Reliance Communications chairman Anil Ambani has accused the Department of Telecom of being biased in favor of the old guard of GSM operators led by Bharti Airtel, while making decisions regarding plans to introduce a one-time charge on “excess” spectrum holdings over 6.2 MHz.
Australian investment company Macquarie Capital Securities has warned it expects HTC to post a loss for 1Q13, based on the figures and guidance from its latest quarterly results.
Amazon’s share price enjoyed its biggest rise in three months after it reported a lower-than-expected operating loss of $28 million in the third quarter. Analysts predicted a $42.1 million loss.
Banking firm Citigroup sacked one of its best-known tech stock analysts on Friday. Mark Mahaney is accused of failing to control a junior analyst, who passed details of Facebook research to news site TechCrunch, and of speaking to a journalist without authorization.


Staff writer
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