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UPDATE 1-Ciena buys Nortel ops for $769 mln - sources

Reuters | 13 hours 27 minutes ago

NEW YORK/HELSINKI, Nov 23 (Reuters) - Ciena Corp (CIEN.O) will buy the optical networking and carrier ethernet business of bankrupt Nortel for $769 million, sources told Reuters, after it trumped Nokia Siemens Networks [NSN.UL] in a three-day auction.... (more)


EETimes.com - Qualcomm's MEMS display gains e-reader design win

EE Times | 13 hours 28 minutes ago

"We have a brand partner for the e-reader space to be announced in the first quarter of 2010," said Cheryl Goodman, director of marketing for Qualcomm MEMS Technologies, speaking at Qualcomm press day held in London.... (more)


Ciena Wins Bidding for Nortel Assets

TheStreet.com | 13 hours 32 minutes ago

Updated from 1:50 a.m. EST LINTHICUM, Md. (TheStreet) -- Ciena(CIEN Quote) confirmed Monday it has won the bidding for the optical networking and carrier ethernet assets of Nortel.... (more)


Kumho, LG Suffer Dwindling Cash Reserves

Korea Times, The | 13 hours 34 minutes ago

Kumho Asiana, Hyundai Heavy Industries and LG groups members of the country's top 10 business conglomerates, called chaebol saw their cash reserves dwindle during the first nine months of the year... (more)


`New Moon' wolfs down $140.7M in opening weekend

Boston Globe, The | 13 hours 35 minutes ago

The vampire romance "The Twilight Saga: New Moon" sucked up $140.7 million in its first three days and pulled in a total of $258.8 million worldwide, according to studio estimates Sunday.... (more)


Nokia cutting back on telephone models and on employees in Finland

Helsingin Sanomat (Helsinki) | 13 hours 35 minutes ago

Market share dwindles in Western Europe... (more)


Sold-Out! Grinch Steals Nook Christmas

CIO Insight | 13 hours 40 minutes ago

Barnes & Noble seemed to have it all wrapped up. Except now it will be wrapping up many fewer Nook e-readers than had been hoped.... (more)


TECHNOLOGY NOVEMBER 23, 2009, 7:00 A.M. ET Nokia Siemens Loses Bid for Nortel Assets

Barron's (subscription required) | 14 hours 17 minutes ago

STOCKHOLM -- Network-equipment vendor Nokia Siemens Networks said Monday it has lost the auction for Nortel Networks Corp.'s optical networking and carrier Ethernet assets to U.S.-based rival Ciena Corp.... (more)


Spotify launches application for Nokia phones

Yahoo! | 14 hours 17 minutes ago

Swedish streaming software Spotify announced on Monday the launch of a music application for the Symbian platform, used by the world's biggest mobile phone maker Nokia and other smartphones.... (more)


Sony hopes online service will build brand loyalty

Yahoo! | 14 hours 18 minutes ago

Sony's new online service connecting the whole range of its gadgets to downloadable content like movies and games should help build brand loyalty, a top executive said Friday.... (more)


Ciena to buy Nortel assets for $769-million

Globe and Mail (Toronto), The | 14 hours 20 minutes ago

U.S. network equipment maker outbids Nokia Siemens, sources says... (more)


Premium PSN service planned, won't affect online gaming

Network World | 14 hours 22 minutes ago

Sony caused a bit of a stir when a slide from its recent investor conference alluding to a paid online PlayStation Network subscription service was unearthed by The Examiner (via Destructoid). With thoughts of a PSN equivalent of Xbox Live Gold worrying gamers, Sony quieted the uprising by assuring VG247 that if any subscription-based service was created, non-paying users would still be able to play their favorite games online for free, as the company stated that the subscription would only a...... (more)




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