Nokia Launches Lumia 510, Zynga Launches Ad Network: Tech Business Wrap

Nokia Corporation (NYSE:NOK) launches the Lumia 510, which at about $200 is a Windows Phone 7.5 model targeted at emerging markets. The 510 features a 4-inch display, 5MP camera, and 800 megahertz Qualcomm (NASDAQ:QCOM) processor and represents the least expensive Lumia model thus far. However, it still costs more than a number of the low-end Android phones which have impacted Nokia’s sales in emerging markets.

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It might be that Zynga (NASDAQ:ZNGA) figures that launching an ad network will prop up its business, as sources tell AllThingsD that the network could debut at least in part by the end of 2012. Chief Tech Officer Cadir Lee will head the new unit and the network will be offered to 3rd-party developers using Zynga’s gaming platform.

Shares of VirnetX Holding Corporation (AMEX:VHC) move higher following its infringement suit against Apple and Cisco Systems (NASDAQ:CSCO) and seeing Apple’s motion for summary judgment being rejected in a Texas court. Also turned down was a motion by both defendants to stay the trial pending an ongoing patent reexamination along with a motion to exclude the “expert opinions” of a VirnetX witness.

Don’t Miss: Here’s How Facebook Is Increasing Advertising Dollars.