ELECTRONICS

Nortel will try to sell stake in LG joint venture

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Nortel Networks Corp, which is fighting for survival under bankruptcy protection, confirmed on Wednesday it is looking for a buyer for its majority stake in a South Korean joint venture with LG Electronics.

Samsung renews chip license with SanDisk

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Samsung Electronics Co Ltd said on Wednesday it renewed its NAND flash memory chip license with SanDisk Corp for seven years, at a lower royalty, while guaranteeing a portion of its chips output to SanDisk.
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LEDs pump life into flat-screen TV market

Leading flat-screen TV makers, whose sales are holding up even in the global downturn, are placing bets on TVs using light-emitting diode (LED), hoping the slimmer, more power-efficient sets help them fight falling prices and expand their market shares.
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Federal judge weighs DVD copying case

A Federal District Court judge in California weighed arguments in a contentious DVD copyright case between Hollywood movie companies and RealNetworks Inc on Thursday, but did not indicate when she might rule.
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U.S. federal judge weighs DVD copying case

A Federal District Court judge in California weighed arguments in a contentious DVD copyright case between Hollywood movie companies and RealNetworks Inc on Thursday, but did not indicate when she might rule.
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Sony to halve suppliers

Sony Corp will halve the number of its suppliers in the next two years and aims to slash procurement costs by 20 percent this year, it said on Thursday, stepping up restructuring efforts amid mounting losses.
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Nikkei down as exporters slip on strong yen

Japan's Nikkei stock average slipped 0.6 percent on Thursday, as the yen rose to a fresh two-month high against the dollar weighing on Toyota Motor Corp and other exporters.
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Smartphone sales up in Q1, iPhone share doubles

Worldwide cell phone sales fell in the first quarter of this year, while smartphones continued to grow with Apple's iPhone more than doubling its market share from , according to a report published by Gartner Wednesday.
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WD to sell Manufacturing Facility to Hitachi

Western Digital Corp. will sell its Sarawak, Malaysia, substrate manufacturing facility to a subsidiary of Hitachi Global Storage Technologies, the hard drive manufacturing unit of Hitachi, Ltd.
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Cellphone industry seen facing more trouble

A recovery in cellphone demand will not happen until well into 2010, researcher Gartner said on Wednesday, while Reuters data showed the industry could suffer its worst quarter ever in April-June.
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Cell phone industry seen facing more trouble

A recovery in cell phone demand will not happen until well into 2010, researcher Gartner said on Wednesday, while Reuters data showed the industry could suffer its worst quarter ever in April-June.
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Verizon CFO says happy with second quarter so far

Verizon Communications Inc Chief Financial Officer John Killian said he is happy with growth trends so far in the second quarter and he expects 2009 to be a good year for revenue and cash flow growth.
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Verizon CFO says happy with Q2 so far

Verizon Communications Inc Chief Financial Officer John Killian said he is happy with growth trends so far in the second quarter and he expects 2009 to be a good year for revenue and cash flow growth.
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Handset sales fall 9.4 pct in Q1

Global cellphone sales fell 9.4 percent in the first quarter of 2009 as consumers reined in spending amid the recession, research firm Gartner said on Wednesday.
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Sprint to sell Palm Pre for $200 after rebate

Sprint Nextel Corp said it will sell Palm Inc's long-awaited Pre smartphone starting on June 6 for $199.99 with a two-year service agreement, in line with Apple Inc's iPhone price.
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AT&T mulls cheaper plans for iPhone

AT&T Inc is considering offering cheaper data service plans with limited Web surfing for advanced cellphones including Apple Inc's iPhone.
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Wal-mart steps up consumer electronics push

Wal-Mart Stores Inc said on Tuesday it is expanding its assortment of hot electronics, like Blu-ray DVD players and high-definition TVs, and freshening the look of its 3,500 U.S. electronics departments as the retailer seeks to grab market share.

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