The LCD maker wants to utilize its display experience to create a 3G smartphone, but analysts are skeptical of its chances to knock off Nokia or Samsung.

Nokia Oyj will cut up to 360 jobs at Internet services unit as it combines offerings into its new Ovi Store, the world's top cell phone maker said on Tuesday. Nokia's new online software and multimedia store will challenge Apple's hugely successful App Store from May.

Infineon Technologies AG has announced a collaboration with Nokia. Infineon will supply its XMM 2130 EDGE platform to Nokia, enabling the mobile device manufacturer to bring a new breed of internet capable devices to the market.

As tech giants IBM, Yahoo, Apple and Microsoft report earnings this week, analysts say they expect headwinds and will look for how the companies plan to grow when the economy recovers.

Cellphone makers are expected to report buoyant sales of lower-priced, feature-packed smartphones as consumers opt for "cheap chic" amid the global recession.

Nokia Siemens Networks, seeking a bigger foothold in the US market, has offered to buy large pieces of Nortel Networks, including much of its profitable carrier networks unit and a research unit developing a next-generation wireless technology, according to people familiar with the matter.

Sprint Nextel CEO Dan Hesse emailed an Intel executive to try and smooth over tensions following comments a Nokia executive made last week at an event in San Francisco. Anssi Vanjoki, Nokia's head of sales and manufacturing, reportedly compared WiMAX to Betamax, the video format that met its demise when VHS triumphed in the 1970s and 1980s.

Nokia, the world's largest mobile phone maker, has announced plans to shed 1,700 jobs worldwide as part of a major cost-cutting drive.

Gadgets made by a host of big-name manufacturers, including Nokia and HTC, could be banned from import into the US, if a patent violation investigation being conducted the US International Trade Commission (ITC) rules in the claimant's favor.

"We have ramped down the N810 WiMax Edition tablet. It has reached the end of its lifecycle," said a Nokia spokesman. Nokia unveiled the model only nine months ago, while usually even the most trendy models have a shelf life of well over a year.

"We will continue to combine market share and margins in the right way in order to maximize the bottom line," Nokia CEO Kallasvuo was quoted as saying in an interview. This in stark contrast to some of its smaller rivals, like LG Electronics, who have said they will do anything to reach their sales targets.