Daily wrap up - August 5 - Tech.

<strong>Cisco revenue falls but profit higher than expected</strong><br> Cisco Systems Inc reported an 18 percent fall in quarterly revenue as customers held back spending on network equipment, but the decline was mostly in line with Wall Street forecasts and its profit was better than expected. <a href="http://www.ibtimes.com/articles/20090805/cisco-wary-on-recovery-4th-qtr-beats-street-view.htm" target="_blank">Read Full Article here</a>.

<strong>In France, 92 percent of residents use a mobile: report</strong><br> The number of mobile users continues to rise in France with 91.8 percent of residents subscribing to wireless services as of end-June, up from 88.1 percent a year ago, the telecoms regulator said on Wednesday. <a href="http://www.ibtimes.com/articles/20090805/in-france-92-percent-of-residents-usemobile-report.htm" target="_blank">Read Full Article here</a>.

<strong>Google buys On2 video firm to bolster YouTube</strong><br> Google on Wednesday took another step in its Web video strategy by announcing it will acquire On2 Technologies, a creator of high-quality video compression technology in order to boost its YouTube site. The Mountain View, California-based company said it will pay $106.5 million and On2 investors will get 60 cents in Google stock for each share they own. <a href="http://www.ibtimes.com/articles/20090805/google-buys-on2-video-firm-bolster-youtube.htm" target="_blank">Read Full Article here</a>.

<strong>Sony plans $199 e-reader in Amazon challenge</strong><br> Sony Corp will begin selling this month the cheapest digital book reader for the United States, heating up the competition with Amazon.com Inc in the small but fast-growing market for electronic readers. <a href="http://www.ibtimes.com/articles/20090805/sony-plans-199reader-in-amazon-challenge.htm" target="_blank">Read Full Article here</a>.