Webwire: NSN cutting 1,500 jobs; LinkedIn posts Q2 profit

Staff writer
05 Aug 2011
00:00
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Daily News

NSN begins cull of 1,500 jobs

Nokia Siemens has started cutting 1,500 jobs out of the 6,900 staff that it inherited when it purchased Motorola Solutions' network assets.

Reuters

LinkedIn posts surprise $11m Q2 profit

Professional social network LinkedIn has reported a surprise $10.8 million Q2 profit, and beat consensus estimates with revenue for the quarter of $121 million.

Bloomberg

India's Micromax to launch phones in Maldives

Indian handset maker Micromax plans to expand to the Maldives, launching nine phones in the market in partnership with a local distributor. The company already has an international presence in Bangladesh, Nepal, Sri Lanka, UAE and Brazil.

Economic Times

Irish MVNO Just Mobile winds down

Irish prepaid MVNO Just Mobile is wounding down a mere 10 months after launch, with services to be discontinued in two weeks. The company is believed to have been unable to secure the funding needed to sustain the business.

Irish Times

S Korean gang accused of hiring N Korean hackers

South Korean police have arrested a gang accused of hiring North Korean hackers to breach online gaming sites to steal points redeemable for cash.

AFP

Former MS exec named US govt CIO

The US White House has hired former Microsoft executive Steven VanRoekel as the new CIO for the federal government.

New York Times

PTA signs telecom research deals

The Pakistan Telecommunication Authority (PTA) has signed agreements with two research bodies to collaborate on telecom research projects that could be beneficial for the country and its telecom industry.

Internet Explorer IQ study a hoax

A purported study claiming to link Internet Explorer usage to low IQs has been revealed to be a hoax initiated by a web developer frustrated with the browser.

Mashable

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