Palm announced yesterday that it expects to report revenues in its fiscal third-quarter of between US$85 million and US$90 million, a huge shortfall on analyst expectations of around US$155 million.

Nortel Networks' chief executive Mike Zafirovski has told the Financial Times (FT) that the company hopes to complete its reorganisation plans and emerge from bankruptcy protection before mid-year.

Vodafone is to invest TRL1.3 billion (US$754 million) in its Turkish business this year in an attempt to revive the faltering operator, reports Reuters.

France Telecom has reported a 35 percent decline in full year 2008 net profit but predicted that it would be resilient to the global economic crisis moving forward.

NTT DoCoMo has notified the Japanese regulator that the fees it charges other operators to interconnect with its mobile networks have been cut by more than 10 percent, effective immediately and applied retroactively to all interconnections made since 1 April 2008, reports TeleGeography.

Telenor has confirmed it will appeal the recent decision of a Siberian court ordering it to pay US$1.7 billion in connection with a claim made by Farimex.

A Wall Street Journal report notes that a spat has developed between Motorola and ex-CFO Paul Liska after Liska was surprised to learn that he was fired from Motorola 'for cause.'