In a move meant to, uh, distract investors from its announced 48% profit downturn (compared to Q1 of the previous year), Sony Ericsson just announced a pair of mid-range handsets. The Z780 clamshell -- now official -- is the global sister to the announced Z770 for Europe. As such, she comes packing UMTS/HSDPA 850/1900/2100 and quad-band GSM/GPRS/EDGE radios. While it comes loaded with Google Maps for Mobile and aGPS navigation, you won't get much use from it on that itty bitty 128 x 160 pixel display of unknown dimensions. Hell, that bezel chews up an equivalent amount of real estate. The G502 candybar also features Maps but lacks aGPS. No worries for US Americans though as it's likely to stay put in Europe with UMTS/HSDPA 2100 and GSM/GPRS/EDGE 900/1800/1900 radios. Both will feature M2 memory expansion, Bluetooth, and 2 megapixel cameras when they launch in "selected markets" come Q2. Sorry Sony Ericsson, but we're not seeing a lot here to distract investors (or consumers) for very long. Xperia X1 please?

Update: Sony Ericsson has published conflicting information about the Z780's resolution. It's 2.2-inches and 320 x 240 pixels in the press release but 128 x 160 pixels on the product page.

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Hot on the heels of dismal news from the Helio camp comes word that frowns are all the rage over at Virgin Mobile, too. After warning that "current quarter subscriber growth would fall to a range of 5,000 to 20,000" (compared to a net gain of 210,000 in Q4) and expressing concerns that the weakness in the US economy would further harm its chances at having a stupendous decent year, shares of its stock sank some 54-percent to $2.30 (but did manage to recover somewhat). Potentially more worrisome, however, was the pessimistic views from analysts; for instance, Bear Stearns' Phil Cusick noted that after two disappointing quarters in a row, he felt that the "softening economy and increased competition had eliminated management's ability to forecast its business." Of course, when the street expects your revenue to increase by some 20-percent and you calmly explain that it downright "will not grow this year," we suppose the stock drop isn't all that shocking.

[Via mocoNews]

Maybe the Sidekick Slide is Moto's savior -- then again, maybe it's not -- but either way, the company seems to need a huge hit (or three) in the wings to turn its luck around. In the wake of two hefty rounds of job cuts, Motorola has now announced that it'll lose money in the second quarter and no longer expects its mobile devices unit to turn a profit at all this year, thanks largely to underperforming sales in Europe and Asia. In other news, Garriques' shoes have now been filled by a man going by the name of Stu Reed, apparently some "supply chain executive" who has been tapped to play the next fall guy get this sinking ship back on track. We've said it before and we'll say it again: where's the US version of the Z8, Moto?

Apparently, it would just be far too easy for Amp'd to bow out of the fledgling MVNO realm after filing for bankruptcy, as the company has recently reached an agreement with Verizon Wireless that enables it to use The Network in exchange for Amp'd dropping its lawsuit. The suit was reportedly filed after Verizon moved to kick the Los Angeles-based Amp'd off its network, but we can't exactly blame Verizon for being quite perturbed after not receiving $33 million in payments. Of course, we're sure this spat is far from finished, but the case will press on next week while Amp'd customers can once again intrepidly chat away on Verizon's equipment -- for the time being, at least.

[Via mocoNews]