Webwire: ST-Ericsson to cut 1,700 jobs; Facebook buys $550m in patents

Staff writer
24 Apr 2012
00:00
News
Daily News

ST-Ericsson to slash 1,700 jobs

ST-Ericsson will cut 1,700 jobs due to heavy losses, and will rely on co-owner STMicroelectronics as a partner for developing application processors, after failing to forge a deal with any of four other companies.

Reuters

Facebook buys $550m in patents from MS

Facebook will pay Microsoft around $550 million for 650 of the 925 patents which Microsoft acquired from AOL for $1 billion.

Sydney Morning Heralds

Motorola gets initial win in Xbox patent case

In an initial determination, the ITC has upheld Motorola Mobility's claims that Microsoft's Xbox game system infringes on Motorola patents, but only for four out of the five patents named in the case.

All Things Digital

Alibaba Q1 profit falls 25%

China's Alibaba.com has reported a 25% decrease in first quarter profit to 339.2 million yuan ($53.8 million) on the back of higher operating costs, and has appointed an independent board committee to look into the prospect of a share buyback to take the company private.

BBC

Google shuts down more services in refocus

Google will shutter or outsource several more services as part of its refocusing drive. Getting the axe are One Pass, Google Flu Vaccine Finder, Google Related, Google Sync for BlackBerry and the mobile web app for Google Talk.

Tech2

Chinese court seeking Apple-Proview truce

A Chinese court is attempting to mediate a truce between Apple and Proview in the dispute over the rights to the iPad name in the country.

Associated Press

Ofcom probing Sky News over email hacking

British broadcasting regulator Ofcom is investing an incident in which news channel Sky News hacked into the email account of a man who had faked his own death, but was still communicating with his wife.

ABC

Auckland Apple stores hit by armed burglars

Gangs of robbers armed with weapons including machetes have to date robbed two Auckland stores selling Apple consumer devices. Police believe the same offenders could have been involved in both robberies.

APNZ News Service

Related content