TECHNOLOGY

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Key investor snubs Vodafone's $1.7 billion CWW bid

British mobile operator Vodafone's deal to buy Cable & Wireless Worldwide for an agreed 1.04 billion pounds ($1.7 billion) hit a hurdle on Monday when CWW's top shareholder declined to back a bid it considered too low.
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China's ZTE to sell 100 million smartphones a year by 2015

China's ZTE Corp, which launched its first basic mobile phone in Africa little more than 10 years ago, said it could be shipping 100 million smartphones a year by 2015, as it looks up-market to reverse a decline in its handset margins.
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Pushing smartphones, China's ZTE sees better margins

China's ZTE Corp, which launched its first basic mobile phone in Africa little more than 10 years ago, said on Monday it would sell more than 30 million smartphones this year, launch two phone-cum-tablet 'phablets' and reverse a decline in its handset profit margins.
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China's ZTE aims to reverse handset profit margin decline

ZTE Corp, China's second-largest telecommunications equipment maker, said on Monday that it expects to reverse a decline in handset profit margins this year and forecasts global sales of its smartphones to more than double from 15 million sold in 2011.
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Exclusive: BlackBerry maker hires law firm for restructuring

BlackBerry maker Research In Motion has hired law firm Milbank, Tweed, Hadley & McCloy LLP to work out a restructuring plan that could include selling assets, seeking joint ventures or licensing patents, people briefed on the matter said.
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Google execs, director Cameron in space venture

Google executive chairman Eric Schmidt and billionaire co-founder Larry Page have teamed up with Avatar director James Cameron and other investors to back an ambitious space exploration and natural resources venture, details of which will be unveiled next week.
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AMR unions want to take a chance on US Air merger

Labor groups at bankrupt American Airlines said on Friday they support a potential merger with rival US Airways Group Inc in a deal they say would save more jobs than a plan by parent AMR Corp to reorganize as a stand-alone carrier.
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Apps become key to mobile advertising: report

Ads within smartphone applications such as the popular puzzle game Angry Birds are turning into a key driver for mobile advertising, as apps become the main distribution method for media on mobile phones, according to a report.
'Diablo 3' Release Date Nears: Beta Giveaway Launches, Will This Mean More Bugs?

'Diablo 3' Release Date Nears: Beta Giveaway Launches, Will This Mean More Bugs?

Fans itching to play the upcoming “Diablo 3” will be getting a sneak preview this weekend. Any player with a valid Battle.net account will be able to download the “Diablo 3” client. Blizzard announced that it will be conducting a three-day “stress test” of the game, building up to its official launch on May 15th. The weekend beta event launched on April 20th at 12 p.m. and will continue through April 23rd at 10 a.m.
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IPad Shipping Time Improves To 5-7 Days

It seems Apple is catching up with the backlog of new iPad '3' orders. The estimated shipping time on their website currently stands at 5-7 weeks, which is a dramatic improvement from the initial 3-4 week wait period
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Microsoft rises as better PC sales boost profit

Shares of Microsoft Corp rose more than 5 percent on Friday after the world's largest software maker reported a quarterly profit that beat Wall Street forecasts on better-than-expected sales of personal computers.
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Apple announces 500 new jobs in Ireland

Apple is to hire 500 people in Ireland in the latest boost to the indebted euro zone country's multinational sector, one of the few bright spots in a struggling economy.
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Olympus eyes fresh start, ex-CEO mulls legal threat

Shareholders of Olympus Corp <7733.T> approved a new board on Friday, hoping for a fresh start at the camera and medical device maker that hid $1.7 billion of investment losses in Japan's biggest corporate scandal in decades.
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Olympus gets new board, ex-CEO warns of legal threat

Shareholders of Olympus Corp <7733.T> voted in a new board on Friday but the firm's British ex-CEO, whose dismissal six months ago unveiled the biggest scandal in corporate Japan for decades, threatened to have the result annulled.
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With new board, Olympus looks to draw a line under scandal

Peering from a hotel window 50 floors above Japan's bustling capital, Michael Woodford eyes the Olympus Corp building where he was fired six months ago. To the right, he sees the flat he had to quit that day before he was told to take a bus to the airport.

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