Mumbai man held in hacking case

The Crime Investigation Department (CID) of Bangalore police arrested a Mumbai businessman in connection with a cheating and hacking case.

Ericsson could but their balance sheet doesn't look that great right now They don't need to do this. China's Huawei is also possible suitor."It's certainly possible for any of these other vendors to get involved," said Deutsche Bank analyst Brian Modoff."Alcatel Lucent might be the least likely because they're going through their own integration Huawei may have trouble getting government clearance. It has said it is open to working with partners in its bid to acquire Nortel assets.CDMA is a wireless technology widely used in the United States. Long Term Evolution (LTE) is an emerging high-speed wireless technology that many of the world's biggest operators have said they would use for future network upgrades.RIM, a Canadian technology giant built on venture capital, said Nortel had effectively blocked its potential bid, but analysts say RIM's interest was tantamount to an industry forecast that certain fourth generation, or 4G, technology may become industry standard."In current generation 3G handsets, the difference between a RIM antenna and an Apple antenna and a Nokia antenna is pretty trivial," said Stewart.

"All of a sudden, antenna technology in next generation networks may in fact become an important differentiator."Nortel has extensive patents on so-called MIMO, or Multiple Input Multiple Output technology, a form of antenna technology.Analysts say that if the technology becomes widely used in handsets, smartphone makers who do it best will be able to differentiate themselves from competitors."Nokia will likely need to raise its bid given RIM's expression of interest," Peter Misek, of Canaccord Adams in Toronto, said in a research note.It is not clear who else will participate in the auction on Friday.From Europe, network equipment rivals Alcatel-Lucent (ALUA.PA) and Ericsson (ERICb.ST) are seen as possible but unlikely entrants to the auction, analysts say. Commercial lender CIT Group (CIT.N), teetering on the edgeof bankruptcy, forecast a second-quarter loss of more than $1.5billion. United Technologies (UTX.N), which makes products from airconditioners to jet engines, lowered its 2009 forecasts andsaid it will stay focused on cost-cutting as a way to stabilizeearnings as weak demand grinds on. The broader S&P 500 index .SPX ended up 0.36percent, or 3.41 points, at 954.54 after touching its highestpoint since November.

After the closing bell, closely-watched technology companyApple (AAPL.O) reported better-than-expected earnings, whichcould extend the stock market's rally on Wednesday Other U.S companies could not embrace Caterpillar's upbeatassessment. The blue-chip Dow Jones industrial average .DJI rose fora seventh straight day, finishing up 68 points or 0.77 percentat 8916. Caterpillar's chief executive Jim Owens said conditions"set the foundation for an eventual recovery." Major U.S. equities indices hit new highs for 2009 onTuesday, helped by Caterpillar's outlook and sustained optimismabout the overall sweep of the corporate earnings season.