Global vendor strategies - 28/1/06

HP has set up a new facility in Shanghai to help Asian telcos deploying next-generation, IMS-based services.

Nokia plans to repurchase €6.5bn Nokia shares.

Movaz announced it has closed $20m in venture funding, along with a line of credit for $12m.

IBM has bought CIM Labs. CIM Labs will be integrated into IBM division Tivoli.

Microsoft plans to develop a portable digital media device to rival Apple' s iPod.