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HP
sues Acer on patents infringement
Los Angeles: Hewlett-Packard Co. has sued Taiwan
computer maker Acer Inc. for patent infringement.
The
lawsuit, filed in a Texas federal court on Tuesday, seeks
to stop Acer from selling desktop and notebook computers,
and media centers and related products in the US. HP alleges
the products are based on its patented technology.
The
five U.S. patents listed in the lawsuit were issued between
1997 and 2003.
HP,
the world's biggest PC maker, said in a statement it "is
taking necessary action to protect its intellectual property
against unauthorized use" by Acer, the world's No.4
PC maker.
The
patents relate to optical data storage, circuits and methods
for reducing computer system power consumption, multiple
processors in computer systems, and an improved method
for attaching devices to a digital serial bus, which allows
communication.
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GM
not to bid for Chrysler
London: General Motors Corp says it will not make
a first-round bid for DaimlerChrysler AG's Chrysler unit,
leaving just private equity firms and an auto parts supplier
to bid media reports said. GM's reasons for not bidding
are that it does not need the extra capacity.
Bidders
left in the ring included Canadian auto parts supplier
Magna International Inc. which is said to have tied up
with private equity group Ripplewood.
Private
equity firms Cerberus Capital Management and a combination
of Blackstone Group and Centerbridge were also in the
running the report said.
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Pak`s
economy could slow in 2007-08: ADB
Islamabad: Pakistan's economy could slow in the
fiscal year starting July 1 because of higher interest
rates and poor infrastructure, the Asian Development Bank
said.
The
ADB said Pakistan's 129 billion dollar economy may expand
6.5 per cent in the year ending June 30, 2008, slower
than the government's target of 7.6 per cent.
The
build-up of macroeconomic imbalances and the consequent
tight monetary conditions, emerging capacity restraints,
infrastructure bottlenecks, and issues of competitiveness
in the export of textiles may slow growth next year, the
report said.
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