Intel Makes WiMax Investment
Intel and South Korea’s KT Corporation plan to work together to expand WiBro (Wireless Broadband) Internet service to several new areas of South Korea and and have worked to make the network compatible with mobile WiMax.
WiBro was developed by South Korea’s telecommunications industry to make a flavor of WiMax that could better work with mobile devices. The technology is very similar to mobile Wimax but uses an 8.75MHz wide channel compared to a 10MHz wide channel on mobile WiMax. That’s presented a barrier to roaming but WiBro is now compatible with 10MHz WiMax.
French police dismantle mobile phone hacking ring
French police have busted a network of mobile phone hackers, a fraud worth millions of euros, and arrested nine people, including employees of cellular phone companies, investigators said Sunday.
Three people were still in custody Sunday following the arrests across the country that came after a year-long investigation into the network, which had been operating for a decade and is the first of its kind in France, according to officials in an investigative unit of the Marseille gendarmerie.
Investigators explained that fraudsters purchased codes to unlock SIM cards for three euros (four dollars) each from high-ranking phone company employees, who had access to company databases.
AOL to Buy TechCrunch Sites, Adding Technology Blogs
AOL Inc., the Internet company spun off from Time Warner Inc., agreed to buy technology-blog owner TechCrunch Inc. to add news content and advertising revenue.
TechCrunch’s blogs will become part of the AOL Technology Network “while retaining their editorial independence,” AOL said today in a statement. The company paid about $25 million, according to two people familiar with the matter who asked not to be identified because the terms weren’t made public.
Nokia says starts shipping flagship N8 model
The world’s top cellphone maker Nokia said on Thursday it has started to ship its flagship smartphone model the N8.
Last week Nokia said it has delayed by a few weeks deliveries of the N8 model to the clients who had ordered the phone, hitting its shares on the day new chief executive Stephen Elop started at the helm of the company.
The N8 is seen by analysts as Nokia’s first model to challenge Apple’s iPhone more than three years after its launch. Its success and timing of its sales start are seen as being crucial for Nokia’s profit margins in the third and fourth quarter.
Nintendo 3DS delay casts gloom over games giant
Nintendo’s struggle to bring its hotly anticipated 3D-capable player to the market has sparked concerns over the outlook for the company, with sales of its existing products sliding in key U.S. and European markets.
Nintendo shares fell more than 9 percent on Thursday after the video game maker slashed its profit forecast for the year and said its new 3D-capable handheld player would miss the crucial year-end shopping season.
“We had been expecting a November launch for Japan, so the news was a disappointment,” said Singapore-based analyst Atul Goyal of CLSA. “With a delayed product launch, the stock should be in a twilight zone, where it may not do much for the next five-to-six months.”
