Philippines conglomerate San Miguel has increased its stake in Eastern Telecom to 78%, from an effective 40%, in a deal worth 1.5 billion pesos ($34.8 million).
Chipmakers Sequans and Fujitsu Semiconductor have announced a partnership to develop LTE baseband chips with multimode 2G/3G/LTE RF transceivers.
Microsoft beat estimates with a 7.3% increase in its first quarter sales to $17.4 billion, and grew its net profit for the period to $5.74 billion from $5.41 billion.
Microsoft, Silver Lake Partners and the Canada Pension Investment Board are preparing a joint bid to buy Yahoo and spin off the company's Asian assets, sources claim.
Sources say MetroPCS is shaping up to be the most likely buyer for assets - likely including spectrum and customers - that may be put on sale by AT&T and T-Mobile USA in a bid to appease regulators opposed to the planned $39 billion merger between the pair.
A $7.25 million deal for Google to migrate City of Los Angeles employees to Google Apps has been delayed and scaled back, because of security concerns raised by the Los Angeles Police and other public safety departments.
HP has announced the resignation of strategy chief Shane Robison, effective November 1. The company does not intend to refill the position.
Parachute-panted 80s rap phenom MC Hammer has launched a new search engine, WireDoo, which claims to differentiate from the competition by providing “deep search” capabilities.
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