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Stories by Peter Sayer

  • Multimedia drives Nokia sales and profit in Q2

    Nokia reported increased sales and profit for the second quarter, lifted by strong performance in multimedia products. Mobile phone sales contributed to the sales gain, but falling margins in that division meant a slight decline in operating profit there.

  • HP plans to cut 14,500 jobs, saving $1.9bn a year

    Hewlett-Packard hopes to save US$1.9 billion a year through a massive reorganization in which it will cut 14,500 jobs, or around 10 percent of its workforce. It will also link sales and marketing efforts more closely to business units, eliminating the Customer Solutions Group which sold to enterprise customers, it said Tuesday.

  • Nortel appoints new chairman

    Nortel Networks named former Hughes Electronics Chairman Harry Pearce as the new chairman of its board of directors following a meeting of shareholders Wednesday.

  • Siebel, IBM and HP build up SOA support

    IBM, Siebel Systems and Hewlett-Packard (HP) weighed in with renewed support for businesses building an SOA (service-oriented architecture) on Tuesday, adding new software, services and support centers.

  • Cisco buys Netsift

    Cisco Systems has agreed to pay $US30 million for a year-old start-up, Netsift, which develops deep packet processing technology.

  • Fujitsu-Siemens recalls fire-risk laptop batteries

    Batteries in some notebook computers from Fujitsu-Siemens Computers can overheat, with a risk of fire. The company had recalled the batteries in some of its Amilo notebook computers, and would replace affected batteries free of charge, it said.

  • Microsoft reveals changes in EU agreement

    Microsoft has revealed details of the concessions it offered last week to the European Commission in negotiations over how it will comply with the terms of an antitrust case settlement.

  • Lucent reorganises as profits rise

    Lucent Technologies has reported a fourfold year-on-year increase in net income for the second quarter of its 2005 fiscal year, on revenue up 6 per cent, and announced a reorganisation of its network equipment business units.