Nokia has dropped off the list of the top five smartphone vendors in the third quarter, facing stiff competition from Samsung and Apple globally, and from high-growth vendors like Huawei in China, where Nokia was the dominant player as recently as the third quarter of 2011, research firm IDC said Thursday.

Electronics manufacturer Foxconn Technology Group said on Tuesday that students as young as 14, below the legal working age, were found employed at a company factory in China that has been said to make products for Japanese gaming firm Nintendo.

A year-long investigation by a U.S. congressional committee has reportedly concluded that Chinese telecommunication equipment vendors Huawei Technologies and ZTE pose a security threat to the nation, and the committee is advising U.S. firms to buy networking gear from other vendors. But analysts say the committee's investigation is motivated more by politics, while doing little to safeguard U.S. telecommunication networks.

Oracle touted what it called strong early adoption of its next-generation Fusion Applications on Monday, but also discussed how it will continue to support and add new features to the company's other business software lines, such as E-Business Suite and JD Edwards.

The research firm expects PC shipments to grow by 6.5 percent in 2013.

When adjusted for inflation, Microsoft's 1999 record still stands, contends Columbia Journalism Review.

The smartphone market grew 32 percent year-over-year in the quarter to reach 146 million units, said Strategy Analytics.

Kodak vows to appeal.

Worldwide PC shipments declined by 0.1 percent during the second quarter, according to research firms Gartner and IDC.

A Taiwanese company has launched a bare bones handset for US$70 and plans to market it to rental car firms and mobile operators.

Lenovo was China's second largest tablet vendor in this year's first quarter, according to research firm IDC.

The two research firms however disagree on whether Samsung has beaten Apple in the smartphone market.

Russian-speaking hackers earned an estimated $4.5 billion globally using various online criminal tactics and are thus responsible for 36% of the estimated total of $12.5 billion earned globally by cybercriminals in 2011, Russian security analyst firm Group-IB said in a report published on Tuesday.

China will have 701 million Internet users by 2015.

Announcement comes before annual shareholder meeting.

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The Chinese search firm also grew its revenue significantly on increased marketing deals.

Yahoo continues its efforts to restructure, shedding its board chairman and three members.

The U.S. was still the largest market by revenue in the third quarter, said Strategy Analytics.