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Gemcom Software Q3 profit rises to $473K from year-ago $308K (Canadian Press via Yahoo! News) - VANCOUVER (CP) - Gemcom Software International Inc. (TSX:GCM) third-quarter profit rose to $472,904 from $307,680 in the same period a year ago.

Microsoft Unveils Mobile Software to Rival BlackBerry (Update2) (Bloomberg.com) - Feb. 13 (Bloomberg) -- Microsoft Corp., the world's largest software maker, unveiled mobile phones with new e-mail features that will compete directly with Research In Motion Ltd.'s BlackBerry devices.

Software vendors face rising offshore costs (ZDNet) - Sand Hill Group study finds software vendors reliant on offshore but still grappling with costs and distributed development.

Vietnam's Software Products Expected to Fetch US$1.2 BLN by 2010 (Asia Pulse via Yahoo! Asia News) - HANOI, Feb 14 Asia Pulse - Vietnam's software industry is expected to post an annual growth of 40 per cent and earn a total annual turnover of US$1.2 billion by 2010.

Motorola software can turn phones into wallets (San Jose Mercury News) - Motorola is rolling out new software that will allow cell phones to effectively double as credit cards. Motorola's ``M-Wallet'' technology will allow people to make purchases with their mobile phones, as relevant credit and debit card information will be embedded in the devices.

Sonic hires Texas software firm (bizjournals.com via Yahoo! Finance) - Sonic Automotive Inc. has hired a Texas automotive-software company to streamline its inventory management.

Sabre buys Los Angeles travel software maker (bizjournals.com via Yahoo! Finance) - Sabre Travel Network has bought TRAMS Inc. a Los Angeles provider of software and marketing services for travel agencies, for an undisclosed sum.

CIOs: Open-Source Software Offers Cost, Quality Benefits (eWeek) - A panel of IT officials say open-source software is more than good enough for just about all their needs, except maybe the database.

Microsoft flagged Symantec software as spyware (ZDNet) - Microsoft's Windows AntiSpyware tool called out some Symantec security products as malicious software that steals passwords.

Software provides output lift for Brown (Financial Times) - Gordon Brown’s battle to raise UK productivity is to be given a boost after government statisticians admitted they had seriously understated the contribution of software investment.