Vendor Corner - 20/08/08
Apple has launched its App Store alongside the worldwide launch of the iPhone 3G. It is on track to sell some 4.5m iPhones worldwide in 3Q08.
Convergys has agreed to buy rival Intervoice for $355m.
Pirelli will take a 30% stake in photonic expert CyOptics.
ZTE unveils a new dual-mode GSM- TD-SCDMA handset: U728.
NEC has formed an LTE (Long Term Evolution) demonstration center at its Tamagawa offices.
Nokia and Qualcomm greed to settle their licensing dispute. In a new agreement, they will settle all litigation between the companies.
Nokia cut prices of many of its high-end music phones by up to 10%.
NSN said it will limit investment in existing GPON networks, and focus on DSL and next-generation optical access technologies.
Motorola and Cisco are funding mobile advertising start-up Amobee Media Systems.
HTC will start shipping first Android-based handsets in 4Q08.
Safran (France) has divested its mobile handset unit, Sagem Wireless, for $343m. The buyer is the venture capital firm Sofinnova.
LG-Nortel buys leading passive optical network (PON) system specialist, Novera Optics, and prepares the launching of a new WDM-PON product line.
ALU has extended its tender offer for all shares of Motive, and got anti-trust OK from the FTC .
Nortel buys Pingtel, a SIP-based unified communications software specialist.
Siemens has sold 80.2% stake in its cordless phone division to ARQUES Industries.
Oracle buys Global Knowledge Software.
IBM has acquired Ilog for $340m.
Brocade will spend $3bn to buy Foundry Networks.
HP has signed a definitive agreement to acquire Colubris Networks.
Huawei targets over $2bn in sales in Europe next year.
Tandberg ASA announced it is in takeover talks from an unidentified private equity firm.
ZTE targets to be in the top-5 mobile phone manufacturer within three years and expects manufacturing 80m units in 2009 and 100m units in 2010.
Ericsson and STMicroelectronics announced an agreement to merge Ericsson Mobile Platforms and ST-NXP Wireless into a joint venture.