ELECTRONICS

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Daily Wrap Up - Tech - July 23

Microsoft released fourth-quarter earnings on Thursday which missed Wall Street estimates and reported its first decline in full-year revenue in the company's 34-year history. For the quarter ended June 30, the software giant reported earnings of $3.05 billion, or 34 cents a share, down from $4.3 billion, or 46 cents a share, a year earlier

Sharp, Sony to set up LCD joint venture soon: report

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Japanese electronics makers Sharp Corp and Sony Corp will likely finalize a deal by July-end to form a television LCD panel joint venture in Sakai, Mie Prefecture, the Nikkei business daily said without citing sources.

RIM likely out of running on Nortel

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The chances that Canada's Research in Motion will enter a formal bid for the wireless assets of bankrupt Nortel Networks are slim as a bidding war develops for technology coveted by the world's leading telecom-equipment makers.
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South Korea slaps $208 million fine on Qualcomm

South Korea's anti-trust agency imposed on Thursday a $208 million fine on Qualcomm Inc and ordered the U.S. wireless chip and technology firm to end discriminatory licensing practices and rebates.
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Amazon buying shoe seller Zappos for $928 million

Amazon.com said on Wednesday that it has reached a deal to buy online shoe retailer Zappos.com Inc for $927.9 million, mostly in stock, as the world's largest online retailer, known for its electronics and books, moves aggressively into shoes and apparel.
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Nortel deal may be to boost RIM patent store

Research In Motion looks like an odd suitor for Nortel Networks' mobile network equipment unit but the deal could help the BlackBerry smartphone maker plug gaps in its technology patent portfolio.
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Intel appeals to EU court over antitrust fine

U.S. chipmaker Intel Corp on Wednesday appealed to Europe's second highest court against an antitrust finding and a 1.06 billion euro ($1.50 billion) fine levied by EU regulators.
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LG Elec Q2 profit surges, strong margins to ease

LG Electronics Inc posted a record quarterly profit on strong mobile phone and TV sales, helping it win market share from rivals Nokia and Motorola but concerns over weaker margins may stall a rally in its shares.
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LG Elec Q2 profit surges on handsets, TVs

South Korea's LG Electronics Inc beat expectations with a record second-quarter profit and is set to outperform its peers this year thanks to a weak local currency and a strong lineup of mobile phones, TVs and appliances.
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LG Elec Q2 profit surges on handset, TV sales

LG Electronics Inc on Wednesday reported a surge in second-quarter operating profit as the strength of its mobile phone and TV businesses helped the company recover from the downturn faster than its peers.
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Former Apple Executive on look for Microsoft Retail Store locations

Microsoft Corp is strengthening its focus on its planned to open a retail store this fall. The company hired George Blankenship former Apple Vice President of real estate who helps Apple to acquire property for its controversial retail store strategy way back in 2001.
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Daily Wrap Up - Tech - July 21

Apple Inc posted a quarterly profit that blew past Wall Street forecasts thanks to strong sales of Mac computers and improved margins, sending its shares up more than 3 percent on Tuesday.
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Mideast, Africa mobile broadband to explode: report

Mobile broadband in the Middle East and Africa will expand to $6 billion in the next two years from the current $1 billion, spurred by an expanding network and falling prices, a telecoms advisory firm has said.
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Daily Outlook - Tech - July 21

Apple, the iPhone maker, is scheduled to report their fiscal third quarter 2009 results after the market closes on Tuesday. Analyst estimate between $1.02 earnings per share to a high of $1.31, with a consensus estimate of $1.15.
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TI profit, outlook beats; cautious on economy

Texas Instruments Inc posted a stronger-than-expected quarterly profit and outlook, but was wary about declaring that the worst was over for the economy and demand for its chips.
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Texas Instruments posts lower profit, revenue

Texas Instruments on Monday posted a drop in quarterly profits as chip demand fell along with sales of cellphones and other electronics due to the weak economy, but it said sales would improve this quarter.
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Samsung Elec to invest $4.3 billion in green R&D

Samsung Electronics said on Monday it would invest 5.4 trillion won ($4.3 billion) in green research and development and facilities to make the world's largest memory chip maker a leading eco-friendly company by 2013.

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