Vendor news

Yahoo investor: Sell company to Microsoft for $22 a share
Oct. 12, 2008
A Yahoo investor Thursday proposed that Yahoo sell itself to Microsoft for $22 a share, according to a report from the Reuters news service. Yahoo was trading at $12.84 at 10 a.m. EDT on Friday.

Infosys revenue, profit growth slows
Oct. 10, 2008
Infosys Technologies, India's second largest outsourcer, Friday reported slower growth in revenue and profits for the quarter ended September 30, reflecting the impact of the economic crisis in the U.S., its largest ...

Huawei shelves plan to sell stake in wireless device unit
Oct. 09, 2008
China-based networking equipment maker Huawei indefinitely postponed the sale of a stake in its wireless terminals manufacturing unit Wednesday, citing global financial uncertainty.

Micron to cut staff by 15%
Oct. 09, 2008
Micron and Intel plan to shut down their joint production of NAND flash memory from a Boise, Idaho, facility, and Micron plans to lay off about 15 percent of its workforce in another sign that the economic meltdown is ...

Brocade gets loan to fund Foundry buyout
Oct. 08, 2008
Brocade Communications Systems on Tuesday secured a $1.1 billion loan to fund its acquisition of Foundry Networks despite a tightening of credit markets amid the Wall Street meltdown.

AMD to spin off chip fabs to raise funds
Oct. 07, 2008
Advanced Micro Devices plans to split into two companies, one to design chips and one to make them, while two investment funds owned by the government of Abu Dhabi will contribute new capital, it said Tuesday. AMD hopes ...

HP acquires LeftHand Networks to beef up its small, midrange storage offerings - Network ...
Oct. 07, 2008
HP acquired one of the last independent iSCSI storage vendors last week in a $360 million all-cash deal. The company snapped up LeftHand Networks to bolster its small and mid-range storage offerings and be able to give ...

Oracle and SAP fail to settle TomorrowNow lawsuit
Oct. 07, 2008
Oracle and SAP held settlement talks Monday in their TomorrowNow lawsuit but failed to reach an agreement that would end the case, an SAP spokeswoman said.

Report: AMD to spin-off manufacturing
Oct. 07, 2008
Advanced Micro Devices is preparing a to spin off its manufacturing operations to a joint venture in an attempt to cut costs, according to an online report from The Wall Street Journal.

Report: SEC investigating false Jobs heart attack rumor
Oct. 06, 2008
A false report of a Steve Jobs' heart attack that caused Apple's stock to momentarily plunge on Friday has piqued the interest of the Securities & Exchange Commission, according to reports.

Microsoft denies hiring freeze
Oct. 03, 2008
Microsoft denies that it has instituted a hiring freeze, despite an internal memo described by an employee indicating the move.

Oracle buys Advanced Visual Technology
Oct. 01, 2008
Oracle has bought Advanced Visual Technology, a maker of space-planning software for retailers, for an undisclosed sum, it said Wednesday.

Altech yields 34% profit increase
Oct. 01, 2008
Allied Technologies (Altech) recorded a 34%increase in half year operating profits for the period ended Aug. 31.

Cisco buys Jabber
Sep. 30, 2008
Cisco's latest acquisition is Jabber, a leading developer of enterprise-grade presence-enablement capabilities. Jabber's offerings include its Extensible Communications Platform, JabberNow (an enterprise instant ...

Identity Engines goes on the block
Sep. 29, 2008
Start-up Identity Engines is shutting down. The company and its assets are up for sale, though the man responsible for selling it, or carving it up into saleable components, doesn't want to say so.

Red Hat beats earning estimates in Q2
Sep. 25, 2008
Red Hat Wednesday slightly topped analysts estimates by posting revenue for the fiscal 2009 second quarter of $164.4 million.

Transmeta executives put company up for sale
Sep. 25, 2008
Microprocessor designer Transmeta is looking for a buyer. Executives announced plans to sell the company on Wednesday, saying investment bank Piper Jaffray & Co. will act as its financial advisor during the sale process ...

Unisys CEO steps down
Sep. 23, 2008
Unisys CEO Joseph McGrath will resign his position, the company said Tuesday.

Microsoft inks consumer technology patent deal with Pioneer
Sep. 17, 2008
Microsoft and Pioneer on Tuesday signed a cross-licensing agreement that covers a range of consumer and automotive products, including Microsoft software and Pioneer's TVs and auto navigation units, the companies said.

Q&A: VMware CEO Maritz on his new gig, competing against Microsoft and the virtual server ' ...
Sep. 17, 2008
Two months after taking over at VMware, CEO Paul Maritz answers questions about company strategy.

Regulators would reject Samsung deal for SanDisk
Sep. 17, 2008
Samsung's $5.85 billion offer for flash memory chip developer SanDisk will probably be rejected by government regulators fearful such a tie up would harm competition, analysts said Tuesday.

Cisco plays up video for business, carriers
Sep. 16, 2008
Cisco is targeting video, virtualization and collaboration as key areas of growth while pursuing 21 other initiatives at the same time, Chairman and CEO John Chambers told financial analysts on Tuesday.

Adobe buys Danish imaging software maker
Sep. 15, 2008
Adobe on Monday announced it has acquired Danish imaging software maker YaWah ApS to expand the use of Adobe Scene7 software in Europe.

Google acquires South Korean blog platform provider
Sep. 12, 2008
Google's Korean unit acquired South Korean blogging platform provider Tatter and Co. (TNC) on Friday, according to one of the company's co-CEOs.

Apple settles backdating lawsuit
Sep. 11, 2008
CEO Steve Jobs and other Apple executives have settled a lawsuit alleging the company was harmed by its backdating of stock options to employees.