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Facebook to Make Stock Market Debut 'in May'

Facebook will make its stock market debut in May with a record-setting initial public offering of shares, according to a report in the Wall Street Journal.

The world's leading online social network has stopped selling shares on the secondary market in order to get a precise count of investors, the Journal said, citing unnamed sources.

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Google Lets Users Monitor Their Online Activity

Google on Wednesday began letting people get monthly reports summarizing what they have been up to at the Internet titan's free online services.

A freshly-added feature keeps people posted on patterns at Gmail, YouTube, online search and other Google venues visited while signed into their user accounts with the California-based company.

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ArabNet Digital Summit Kicks Off with The Develop Day and Industrial Day

The ArabNet Digital Summit kicked off on Tuesday at the Metropolitan Hotel in Beirut. The five day summit will tackle the latest in web and mobile with panels hosting top executives from the digital sector, numerous hands on workshops covering the hottest platforms in addition to highlighting the 20 most anticipated startups and ideas with the Ideathon and Startup Demo competitions.

Arabnet introduced a new day this year to its summit, the Industry Day. The day focuses on the way that web and mobile are transforming traditional industries, including healthcare, banking, travel, education, and government. Professionals from across the spectrum were able to gain a better understanding of the technological future of their industry and learn about ways to enhance their business and stay competitive.

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Nokia Launches China Smartphone, Hopes for Rebound

Struggling cellphone maker Nokia Corp. launched its first smartphone for China on Wednesday, looking to the world's biggest mobile market to help drive its 1-year-old turnaround effort.

Nokia said its Lumia 800C will be supported by China Telecom Ltd., one of the country's three major state-owned carriers.

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Aspiring Facebook Investors Warned of Yahoo! Lawsuit

Facebook has warned potential investors that a patent lawsuit against the company by Internet pioneer Yahoo! could deliver a significant blow to its business.

The world's leading online social network amended initial public offering (IPO) paperwork with the U.S. Securities and Exchange Commission to include the Yahoo! case among risks to the company's bottom line.

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Apple Offers to Refund Australian IPad Customers

Apple Wednesday offered to refund Australian customers who felt misled by advertising about the 4G capability of its new iPad, which can only access the ultra-fast wireless network in North America.

Apple's problems in Australia could have wider repercussions in markets where the US company also advertises the iPad as featuring 4G, despite those countries having an incompatible network, or no 4G networks yet.

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Energy-Starved Pakistan Eyes Solar Power

From mosques, to homes and streets, Pakistanis are increasingly seeing the light and realizing that year-round sun may be a cheap if partial answer to an enormous energy crisis.

"It's the best thing I bought this winter," says Sardar Azam, a former civil servant retired to a river-side home in Pakistani-administered Kashmir, showing off his water-heating solar geyser installed on the terrace.

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Nokia, Microsoft Invest $24 Million in Mobile Apps

Nokia and Microsoft plan to invest €18 million ($24 million) in promoting research into mobile applications for phones running Windows software and Nokia platforms.

Aalto University in Helsinki says the AppCampus program will be launched at the university in May with each company investing up to €9 million over the next three years.

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China's Huawei Hits Back at Australian Cyber Fears

Chinese telecoms giant Huawei on Tuesday hit back at claims it was a security risk following its barring from Australia's broadband rollout, with one director labeling it "complete nonsense".

Huawei, among the world's top makers of telecommunications equipment, has been blocked from bidding for contracts on Australia's ambitious Aus$36 billion (US$38 billion) broadband plan due to fears of Chinese cyber-attacks.

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Taiwan's HTC Unveils Phone with Powerful Camera

Taiwan's HTC on Monday unveiled the smartphones that it said would allow users to "retire" their digital cameras, as it sought to fight back against rivals Apple and Samsung.

The "One" series of phones, which will hit Asian markets on April 2, have cameras that can autofocus in just 0.2 seconds, making them the equal of many modern digital cameras, the company said.

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