Ericsson AB is in talks to buy Microsoft Corp.’s IPTV business, which makes software used by phone companies such as AT&T Inc. to deliver television over the Internet, people with knowledge of the matter said.
Nokia Oyj reduced its earnings forecast for the second time this year and said it will cut as many as 10,000 more jobs and shut production and research sites in Chief Executive Officer Stephen Elop’s biggest overhaul.
Foxconn Technology Group, the maker of products including Apple Inc.’s iPhone, said it was freezing hiring at factories in China, fueling concern about a slowdown in consumer-electronics demand and prompting Apple to fall.
Alcatel-Lucent SA Chief Executive Officer Ben Verwaayen will need to eliminate an additional 10,000 positions to catch up with more efficient rivals as the unprofitable phone-equipment maker’s cash pile dwindles.
Nokia Oyj, the world’s biggest maker of mobile phones, plunged more than 14 percent after posting a lower-than-estimated profit on competition from Apple Inc.’s iPhone, and cutting its margin forecast.
As Alcatel-Lucent SA Chief Executive Officer Ben Verwaayen told board members this week he wouldn’t seek an extension of his contract, he threw them no less daunting a task than turning around the French telecommunications equipment maker: finding a successor.
Alcatel-Lucent SA, the French phone- equipment maker trading near a 23-year low, is considering asset sales to bolster its finances after posting a loss and consuming more cash as demand for its gear wanes.
Nokia Oyj rose to a four-week high as the handset manufacturer prepared to return Feb. 27 to the Mobile World Congress, the first time the company is showing new products at the trade show in three years.
The most accurate analyst covering Apple Inc. isn’t on Wall Street. It’s Horace Dediu -- a blogger, ex- Nokia Oyj worker and self-described “entertainer” who writes from a home overlooking the Baltic Strait in Helsinki.