Reuters - In the latest test of IPO investors' appetite for risk, wireless networking start-up Aruba Networks Inc. is set to float its shares this week, another in a raft of risky technology investments to go public this year.

AFP - A consortium led by Kuwait's Mobile Telecommunications Co (MTC) on Saturday made the largest bid of 6.1 billion dollars for Saudi Arabia's third mobile phone licence, Saudi Arabia's telecoms watchdog said.

Reuters - Carl Icahn increased his pressure on Motorola Inc. by saying he had raised his stake in the mobile phone maker and is still seeking a seat on the board, according to a proxy filing.

AP - Hold the phone on that Motorola comeback story. The cell-phone maker's attempted recovery from a late 2006 setback was dealt a severe blow Wednesday when the company warned that sales and profits have weakened further and it will post a first-quarter loss.

Reuters - Hutchison Whampoa Ltd. (0013.HK) and Cheung Kong (Holdings) (0001.HK), Hong Kong tycoon Li Ka-shing's twin flagships, posted higher earnings for 2006 on narrowing third-generation telecoms losses and stuck to profitability targets for the long-maligned 3G business.