US chip maker to set up lab in Bhubaneswar (Business Capsule-Two)September 18th, 2009 BANGALORE - Leading chip maker Cypress Semiconductor Corp entered into a partnership with the Bhubaneswar Institute of Technology to set up a programmable System on Chip (SoC) laboratory at Bhubaneswar in Orissa, the company said here Friday. As part of the agreement, signed at Cypress headquarters' at San Jose in California by Bhubaneswar institute's Rabi Mahapatra and Cypress University Alliance director Patrick Kane, the chip maker will provide training to the faculty and students of the Bhubaneswar institute, with free hardware kits and software tools, the company said.
Reliance Mobile launches map search platform (Business Capsule-2)September 10th, 2009 MUMBAI - Reliance Mobile Thursday launched a search platform with maps data, BIGMaps, on its GSM network, enabling users to search for any local information on an all-India basis, a top official said here. The company now plans to offer the service on the Internet soon, according to BIGMaps COO Manav Sethi.
Reliance Mobile launches map search platform (Business Capsule-2)September 10th, 2009 MUMBAI - Reliance Mobile Thursday launched a search platform with maps data, BIGMaps, on its GSM network, enabling users to search for any local information on an all-India basis, a top official said here. The company now plans to offer the service on the Internet soon, according to BIGMaps COO Manav Sethi.
Citigroup upgrades Advanced Micro Devices to 'Buy,' cites potential gains with Hewlett-PackardAugust 24th, 2009 Ahead of the Bell: AMD upgraded to 'Buy'NEW YORK — Shares of chip maker Advanced Micro Devices Inc. rose 6 percent in premarket trading on Monday after a Citigroup analyst upgraded it to "Buy" from "Hold," saying he sees a chance for increased market share with AMD's main customer, PC maker Hewlett-Packard Co.
Unitech Wireless secures Rs.5,000 crore loan from SBIAugust 18th, 2009 NEW DELHI - Unitech Wireless has secured a loan of Rs.5,000 crore (about $1 billion) from State Bank of India (SBI) to fund its mobile network rollout, the company said Tuesday. Unitech Wireless is a joint venture between Norwegian telecom giant Telenor and real estate major Unitech.
Earnings schedule for week of 8/17/09August 13th, 2009 Earnings schedule for week of 8/17/09Major companies tentatively scheduled to report quarterly earnings next week:
Monday
MOORESVILLE, N.C. — Lowe's Cos.
Alcatel-Lucent makes first quarterly profit since merger thanks to gains on asset salesJuly 30th, 2009 Alcatel-Lucent makes 1st profit since 2006 mergerPARIS — Alcatel-Lucent surprised its investors Thursday by posting its first profit since the company's creation in a trans-Atlantic merger in 2006, as gains on asset sales helped the telecommunications equipment maker's bottom line. The Paris-based company reported a net profit of euro14 million ($19.6 million) for the April through June period, compared to a net loss of euro1.1 billion a year earlier, when earnings were hit by a nearly billion-euro writedown on wireless technology assets.
Alcatel-Lucent to cut 850 jobs in France as part of wider cost-cutting planJuly 23rd, 2009 Alcatel-Lucent details job cuts planPARIS — Alcatel-Lucent SA aims to cut 850 jobs in France as part of a plan to save several hundred million euros (dollars) this year, the company said Thursday. The telecommunications network equipment maker told French employees the job cuts would be made over this year and next.
Alcatel bags $150 mn contract from Unitech WirelessMay 15th, 2009 NEW DELHI - French telecom infrastructure firm Alcatel-Lucent Friday said it had bagged a $150 million contract from Unitech Wireless to support its launch of GSM operations. Unitech Wireless is a joint venture between real estate major Unitech Ltd and Norwegian telecom giant Telenor.
Sun Microsystems: We may have broken US anti-bribery law; Oracle says it knew before $7.4B bidMay 9th, 2009 Sun Micro: We may have broken US anti-bribery lawSAN JOSE, Calif. — Sun Microsystems Inc.
UPS shareholders elect 10-member board, ratify auditor, approve incentive compensation planMay 8th, 2009 UPS shareholders elect board, OK compensation planATLANTA — UPS Inc. shareholders elected a board of directors for a one-year term Thursday at the company's annual meeting.
Alcatel-Lucent posts euro402M loss in 1st quarter as sales fall across most marketsMay 5th, 2009 Alcatel-Lucent net loss widens in 1QPARIS — Alcatel-Lucent's net loss widened in the first quarter as sales of both wireless and wireline communications gear continued to fall in all major markets amid the global economic downturn. The world's third-largest supplier of wireless networking equipment for telecom operators and companies blamed tough market conditions and continued restructuring for the shortfall — its ninth consecutive quarterly loss since Alcatel-Lucent was created in 2006.
Taiwan's Acer says first-quarter profit drops 31 percent amid global slowdownApril 29th, 2009 Taiwan's Acer says quarterly profit sinks 31 pctTAIPEI, Taiwan — Taiwanese computer giant Acer Inc. said Wednesday its first-quarter profit declined 31 percent over the same period in 2008 because of contracting revenue for its products amid the global slump.
Mobile number could become identification number: IndustryMarch 4th, 2009 NEW DELHI - The mobile phone number may become an individual's identity number (ID) on account of its uniqueness if Alcatel-Lucent's plans materialise, the company said Tuesday. 'We are working with the government of India so that mobile number can be used as ID number of a person,' said Alcatel-Lucent India president Vivek Mohan.
Over two million personal computers shipped in third quarterDecember 24th, 2008 NEW DELHI - About 2.27 million personal computers (PCs) were shipped in India during the third quarter this year, reflecting a growth of 1.7 percent as compared to the corresponding period last year, according to a recent IDC's India Quarterly PC Tracker 2008 third quarter survey. IDC, provider of market intelligence, advisory services and events for the information technology and telecommunications sector, said desktop shipments fell 8.9 percent while notebook shipments grew 37.8 percent during July-September, compared to the same period in 2007.