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HTC’s Q2 profit plunges 60% amid turnaround struggles

HTC’s planned turnaround is going to take a lot longer than expected. The struggling smartphone company posted a second-quarter profit of NT$7.4 billion, or US$247 million, nearly a 60 percent decline from its year-earlier profit of NT$17.5 billion, or US$584.3 million. Revenue for the Taiwanese company fell by more than a quarter to NT$91.04 billion, or US$3.04 billion. Related stories …

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Virgin Mobile adds Samsung Montage, Entro to PayLo lineup

Virgin Mobile and Samsung unveiled today two new wallet-friendly handsets for its PayLo portfolio. The Samsung Montage, the more advanced of the two, is a feature phone with a slide-out QWERTY keyboard, a 2-megapixel camera, e-mail and Web access, and threaded text messaging. It also supports Bluetooth and up to 32GB of external storage. The aptly named Entro is a …

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