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Fidelity Contrafund cut Apple stake by 9 percent in April

BOSTON (Reuters) - Fidelity Investments' Contrafund, the largest active shareholder in Apple Inc, cut its stake in the iPad and iPhone maker by a further 9 percent in April after expressing concern about heightened competition from rivals. Contrafund, run by portfolio manager Will Danoff, owned 9.2 million shares of Apple at the end of April, according to the latest monthly update by Boston-based Fidelity. It owned 10.1 million Apple shares at the end of March after Danoff cut his stake by 12 percent during the first quarter.

Asia's biggest computer show to open in Taipei on Tues.

Computex, the largest computer expo in Asia and second largest in the world, will open in Taipei on Tuesday, with cloud technology, smart mobility and touch-enabled applications taking center stage. Computex, which will run through Saturday, boasts 1,700 exhibitors from around the world, including Taiwan's Acer Inc. and AsusTek Computer Inc. On the eve of the convention, both companies unveiled new products Monday.

Samsung grabs over 10 pct share of global chip market in Q1

SEOUL, June 3 (Yonhap) -- Samsung Electronics Co., the world's top memory chip maker, maintained its share of the global chip market at more than 10 percent in the first quarter on the back of growth in system semiconductors, industry data showed Monday. According to the data compiled by market information provider iSupply, Samsung accounted for 10.5 percent or US$7.77 billion of the global semiconductor market in the January-March period to rank second among the world's major chip makers.

Top Dutch court rejects Apple's sales ban request against Samsung

SEOUL, June 1 (Yonhap) -- The top Dutch court has dismissed Apple Inc.'s request to ban sales of tablets made by Samsung Electronics Co., ruling in favor of the South Korean smartphone maker in its legal battle with the iPhone maker. The Supreme Court of the Netherlands did not agree with the U.S. firm's accusation that its Korean rival infringed its design patents, the court said on its website on Friday. The California-based tech giant filed an injunction against Samsung, claiming it had copied Apple's designs in its Galaxy Tab 10.1.

Trade panel delays decision in Apple-Samsung fight

WASHINGTON (Reuters) - The U.S. International Trade Commission, which hears many patent fights, on Friday extended its deadline for ruling on whether Apple Inc infringes patents owned by Samsung Electronics Co Ltd in making the iPod Touch, iPhone and iPad. The ITC had said it would make a decision on Friday but delayed it until Tuesday, June 4. It gave no reason for the extension.

Panasonic to cut 5,000 jobs over three years

Struggling Japanese electronics giant Panasonic said Thursday it was aiming to cut about 5,000 jobs over three years in its automotive and industrial systems unit, following an eye-watering annual loss. The division, which makes everything from memory chips to car navigation systems, would reduce its existing workforce of about 111,000 people by March 2016, a company spokeswoman said.

Motorola announces Texas facility making first US-assembled smartphones, creating 2,000 jobs

AUSTIN, Texas - Cellphone pioneer Motorola is opening a Texas manufacturing facility that will create 2,000 new jobs and produce the first smartphone ever assembled in the U.S. Motorola Mobility announced late Wednesday it will produce its new flagship device, Moto X, in Fort Worth. Republican Gov. Rick Perry says it's great news for Texas. His office oversees special incentives to attract job-creating businesses, but it didn't distribute any money to close this deal.

Motorola hits comeback trail with new U.S.-made phone

RANCHO PALOS VERDES (Reuters) - Motorola plans to launch a new, made-in-the-U.S. smartphone, CEO Dennis Woodside said on Wednesday, confirming speculation the once-dominant cellphone maker intends to make a comeback in the hotly competitive mobile market.

Samsung Display keeps lead in smaller LCD panel market

SEOUL, May 30 (Yonhap) -- South Korean display maker Samsung Display Co. kept its dominant position in the market for liquid crystal display (LCD) panels that are 9.1 inches or smaller in the first quarter, data showed Thursday. Sales of smaller display panels by Samsung Display reached US$2.24 billion in the January-March period, accounting for 23.5 percent of the global market, according to the data by market researcher DisplaySearch. The first-quarter figure is up 28.5 percent from $1.75 billion in sales a year earlier, the data showed.

Avago forecasts strong third quarter revenue on smartphone demand

(Reuters) - Chipmaker Avago Technologies Ltd <AVGO.O>, which counts Apple Inc <AAPL.O> among its customers, forecast current-quarter revenue largely above expectations, citing revival of demand from a large smartphone customer. The company, which designs, develops and supplies analog semiconductors, said revenue is likely to rise by 6 to 9 percent from that of the second quarter, implying sales of $595.7 million to $612.6 million.
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