Tech Business Recap: Siemens’ Software INVESTIGATED, T-Mobile CHALLENGES Sprint

Wednesday’s top stories:

A potential security risk in the software supplied by the Siemens AG (NYSE:SI) division RuggedCom is currently the subject of a Department of Homeland Security inquiry. The software in question is used in specialized networking equipment and could thus allow hackers to attack power plants and other crucial infrastructure. This report on the vulnerability of RuggedCom marks the 90th such alert so far in 2012, regarding possible risks to critical infrastructure.

Don’t Miss: Here’s What Apple is Doing for China Telecom.

T-Mobile USA (DTEGY.PK) will directly challenge Sprint Nextel Corporation (NYSE:S) as it intends to offer a new unlimited data service for a monthly fee that will enable its subscribers to enjoy unlimited data usage without any restriction on their download speeds. T-Mobile is losing customers, and this venture comes one day subsequent to MetroPCS Communications, Inc. (NYSE:PCS) substantially reducing the price of a similar service.

Shares of Nokia Corporation (NYSE:NOK) move up on word of a couple of positive Bloomberg articles; one calls attention to the success in emerging markets of the company’s inexpensive Asha features phones.

Don’t Miss: German Carrier HINTS at September iPhone 5 Launch.

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