Technology

Infosys Annual Sales May Increase Most Since 2008; Shares Climb in Mumbai Infosys Technologies Ltd. forecast sales may grow at the fastest pace in three years as “challenging” economic conditions prompt more companies to outsource computing services. The shares jumped.

Telecom Italia Makes Less-Than-Expected Cut in Sales Outlook for 2010-2012 Telecom Italia SpA, Italy’s biggest phone company, cut its forecast for sales growth by less than analysts expected, boosting shares.

Nanya Technology Posts $52 Million First-Quarter Loss On Low-Season Slump Nanya Technology Corp., Taiwan’s second-largest memory-chip maker, posted an 11th loss in 12 quarters, missing estimates, after demand dropped during the industry’s traditional low season.

Nintendo Says 3-D Player to Be Its Biggest New Handheld Product Since 2004 Nintendo Co., projecting the first drop in annual sales of its DS handheld player, said the forthcoming 3-D model will be the company’s biggest portable product introduction since 2004.

Ryder Cup Financier Matthews Backs Startups to Unclog Wireless Networks Shortly after Terry Matthews left his native Wales for Canada in 1969, he started a venture importing electric lawnmowers from the U.K. It quickly floundered, he said. The shipping company lost the delivery and the machines didn’t arrive until October.

Tribune Bondholder Lawyer Sees Bankruptcy Contempt Hearing as 'Cage Match' The way attorney Robert J. Stark looks at it, today’s contempt-of-court hearing in the Tribune Co. bankruptcy case is one more round in a “cage match.”

IPads in India Fetch $2,250 as Apple Fans Refuse to Follow Jobs' Schedule Anthony Agius says his decision to pay A$2,500 ($2,300) to travel to New York from Melbourne to buy 20 iPads is something only fellow Apple Inc. fans will fully understand.

Electronic Arts Will Make Video Games With Developers Fired by Activision Two Activision Blizzard Inc. developers, fired for breach of contract after allegedly meeting with a rival about starting a new studio, agreed to produce games for rival Electronic Arts Inc.