Noon News: Nokia Stocks Decline, New Affiliate Program By Google, RIM Stocks Plunge, HP Files Lawsuit Against Oracle

Shares of Nokia, the world's largest mobile phone maker, have stayed below $6 yesterday and fell a further 1.35 per cent in after hours transaction following the ruling against the Finnish company by a British court over a patent dispute brought forward by IPCom. Nokia's stock is worth $5.86 at the time of writing, valuing the company at around $22.57bn, less than rivals Research in Motion, HTC or Motorola Mobility and making it a potentially attractive acquisition target for a Chinese behemoth like Huawei or ZTE which may get some inspiration of what Lenovo did to IBM a few years ago.

A Google researcher and an MIT computer science grad student are working together to develop new software that will make it easier to move data between Smartphones and PCs, a new report revealed. The software, dubbed Deep Shot, was demonstrated at the CHI Conference on Human Factors in Computing Systems, held last month. It takes advantage of the way that web applications use the URI (Universal Resource Identifier) to describe their state at any given point.

Google introduced a new affiliate program to publishers and bloggers for its eBook program on Thursday, the company announced. According to the company, this new program will allow Web publishers, retailers and bloggers to link their sites or blogs to its Google eBook service and receive a commission for sending visitors to the Google eBook store.

BlackBerry and PlayBook maker Research in Motion (RIM) suffered a major setback yesterday when the company’s shares dropped over 15 percent during after-hours trading. That drop took place after RIM announced on Thursday that its quarterly revenue may decline for the first time in nine years, and also that it is going take tough measures in order to cut costs, which may also involve job reductions.

In the latest twist in the ongoing corporate tussle between HP and Oracle, Hewlett Packard has filed a lawsuit against Oracle over its apparent refusal to develop database software for Itanium chipset based servers. According to the lawsuit filed by HP, it appears that there was a private agreement in which Oracle was expected to guarantee continued support for database software running on Itanium servers. However, Oracle has clearly stated that no such agreement exists.