Noon News: VMWare Acquires Socialcast, Nokia Warns Of Less Than Expected Sales, iWork For iPhone

VMware has acquired the enterprise microblogging platform Socialcast, the third straight acquisition by the company this year for enterprise-class collaborative technology, the company revealed yesterday.

SAP Ventures led a round of funding worth $20 million for online advertising company OpenX. AOL Ventures, Mitsui & Co. Global Investment, Presidio Ventures also participated in the funding, which will allow OpenX to expand its presence in international markets.

Enterprise software maker Oracle has dismissed a lawsuit filed by a New Jersey university as a ‘misguided ruse’. The Montclair State University filed a lawsuit against Oracle claiming that the delays caused by the Oracle staff responsible for deploying an ERP solution for the university could exceed the original budget set aside for the solution by more than $20 million

Nokia has warned that its mobile phone sales won't meet its original estimates in the second quarter. The news sent the company's shares spiralling down to a 13 year low. Nokia said in a statement that mobile sales in the second quarter will most likely be under the 6.1 billion Euros to 6.6 billion Euros range the company had previously estimated, dropping its operating profit below the expected 6 - 9 percent.

Apple has released its iWork productivity app for the iPhone and iPod Touch models powered by iOS 4 or higher. The iWork application suite is made up of three apps, Pages, Numbers and Keynote. Pages allow users to create to create documents while Numbers and Keynote allows users to create spreadsheets and presentations.