InternetAMD Parts Ways With Digital TV Unit

The PC chipmaker, facing continued losses and market pressure, distances itself from the low-end television screen market.

Mobile device and TV chip maker Broadcom said on Monday it plans to buy Advanced Micro Devices' (NYSE: AMD) digital television chip business for $192.8 million in cash, to expand into the low-end television screen market. Broadcom (NASDAQ: BRCM) makes chips for mobile phones, network equipment and a range of consumer electronics, and has previously focused on mid-tier and high-end television chips. The deal, which is expected to close in the fourth quarter of this year, is expected to cut Broadcom's full year 2009 net earnings per share by a range 4 cents to 5 cents, including 2 cents of stock based compensation. It expects the deal to approach earnings neutrality by the fourth quarter of 2009. Broadcom also said said that boards of each company had approved the deal, which does not require a shareholder vote at either company but does require regulatory approval. ... [ Read more on www.internetnews.com ]

InternetIs it time for Netflix to invest in system upgrade? (CNET)

CNET - Netflix has traced the causes of a lengthy system outage this month that prevented the online movie rental service from shipping for several days to a hardware glitch.

InternetiPhone Sales in Russia Seen at 3.5M in Two Years

Apple's handset has become a status symbol in Moscow.