CNET News reports that Intel's first-quarter profit fell about 56 percent from a year earlier, but chief executive Paul Otellini said PC sales were bottoming out.

Yahoo is preparing to lay off several hundred workers in the first round of cuts since Carol Bartz became chief executive in January, reports Reuters.

Dow Jones Newswires reports that the local units of Spain's Telefonica and Mexico's America Movil will maintain their plans to invest a total of US$205 million in Ecuador this year to improve services, technology and coverage.

The Femto Forum has welcomed new members Cable & Wireless, Intelibs, Octasic, Qualcomm, Sony Corporation, Toshiba and True Move.

China Newswires, citing a Shanghai Daily report, notes that South Korea's LG Electronics plans to introduce 25 new 3G mobile phones to China in 2009, including touch screen models and phones with high-speed Internet access and high-quality 5-megapixel or 8-megapixel cameras.

Reports in the US media this week suggest that President Obama's decision to ease long-standing economic restrictions against Cuba could lead to US operators entering the country's underdeveloped mobile market.

Canadian CDMA operator Telus used a CAD700 million (US$577 million) mobile and wireline broadband infrastructure announcement yesterday to reinforce its commitment to a migration to the GSM family of technologies.