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Nokia, Apple Settle; HP's Shakeup

NEW YORK ( TheStreet) -- Nokia (NOK - Get Report) said Tuesday that it settled a patent dispute with Apple (AAPL - Get Report) over the use of smartphone technology. Apple will make a one-time payment to the Finnish handset maker and pay royalties going forward.

The decision is a boon for Nokia, whose next big smartphone play likely won't hit until next year, when it launches the first phones based on Microsoft's (MSFT) Windows Phone 7 platform.

Shares of Nokia rose 3.4% to $6.32 in pre-market trading Tuesday, while Apple shares increased 1.1% in pre-market trading.

HP (HPQ - Get Report) exec Ann Livermore said Monday that she is stepping down from the company after nearly 30 years. Livermore, who ran the company's enterprise business, is one of the most prominent women execs in the technology industry. Chief administrative officer Peter Bocian and chief information officer Randy Mott have also left HP.

The exec departures come as CEO Leo Apotheker attempts to remold HP, which has suffered from weakness in its consumer PC and services businesses.

Shares of HP rose 0.7% in pre-market trading on Tuesday.

VMware (VMW - Get Report) said Monday it has acquired Israeli start-up Digital Fuel, which makes IT financial management software. The acquisition, rumored around $85 million, will let VMware customers better manage their IT systems.

Shares of VMware rose 1% to $93.82 in pre-market trading on Tuesday.

Japanese electronics maker Toshiba started taking pre-orders Monday for its Thrive tablet, the company's first Google (GOOG) Android-based device. The 10-inch tablet will ship in mid-July beginning at $429 as Toshiba tries to catch up with Apple's market leading iPad.

PureStorage, a Mountain View, Calif.-based start-up, has raised $28 million in venture funding, according to an SEC filing. The company is trying to use flash memory -- traditionally found in consumer devices like MP3 players -- to improve enterprise storage. Founded in 2009, the company has already raised $53 million and is still in private beta mode.

--Written by Olivia Oran in New York.

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