Webwire: Sony expects $3.2b loss; Fulun Gong sues Cisco

Sony expects to report a 260 billion yen ($3.17 billion) loss for the last financial year, due largely to an estimated 150 billion yen impact from the March earthquake and tsunami.

 

Members of the Falun Gong spiritual movement are suing Cisco, claiming the company helped design China's Golden Shield firewall and customized its equipment to help the government track other members. Cisco has denied the claims and vowed to defend itself in court.

An international group of scientists have set a new world data speed record using a single laser, achieving a data rate of 26 terabits per second over 50km of single-mode fiber.

Financial data shows that IBM recently overtook Microsoft by market value for the first time since 1996, with IBM now worth $203.8 billion compared to Microsoft's $203.7 billion.

The Delhi High Court has denied bail to five executives arrested in association with India's 2G scandal, affirming a lower court decision from last month.

Qualcomm has unveiled the first chipset capable of utilizing both GPS and the Russian GLONASS satellite system, as well as the first device to use it – ZTE's MTS 945.

YouTube will stream one of the debates between the candidates vying to become the Republican candidate for the next US election, and allow its users ask questions through the platform, as part of a plan to scale up election coverage.