LGS Innovations, a company formed during the Alcatel-Lucent merger to supply technology to the U.S. government, has been sold to a pair of U.S.-based investment companies for about US$200 million.
Tech stocks rose this week on the back of solid economic news and some upbeat results from software vendors, including Red Hat and Oracle.
Oracle is set to acquire business-to-consumer marketing software vendor Responsys for US$1.5 billion in a bid to flesh out its own capabilities as well as strike back at rivals such as Salesforce.com and Microsoft.
One of the first companies that announced an ARM server chip, Calxeda, has folded operations and is now pursuing ways to repurpose or sell its intellectual property.
Building products manufacturer Quanex has stopped the rollout of an SAP ERP (enterprise resource planning) implementation, but due to a shift in corporate strategy rather than major problems with the software.
Continuing to bulk up on its cloud software portfolio, IBM is acquiring Aspera, a company with an Emmy-award-winning, high-speed bulk data transfer protocol.
Oracle's second-quarter revenue rose 2 percent to US$9.3 billion while net income dropped 1 percent to $2.6 billion, with new software license and cloud subscription revenue flat and hardware product revenue continuing a long slide.
Ebay's PayPal division said on Tuesday it is acquiring StackMob, a company specializing in development tools for building mobile applications.
After guiding Hewlett-Packard through one crisis after another, CEO Meg Whitman is now earning more than US$1 in annual salary.
Fortinet, one of the biggest computer security vendors, is suing rival Sophos alleging it poached senior staff in breach of an agreement signed when a Fortinet executive jumped ship to Sophos earlier this year.
Semiconductor company Avago Technologies has agreed to buy storage and networking company LSI for US$6.6 billion in an effort to expand its data center offerings.
A pension investment group has sued IBM, claiming that the company failed to warn investors that sales in China would slow dramatically following revelations that IBM was helping the U.S. National Security Agency spy on the Chinese.
BI (business intelligence) and analytics will remain a top investment priority for CIOs, but by 2015 BI vendors will make ad-hoc data discovery, rather than report generation, the prime focus of their product development efforts, according to a new G...
Intel is taking steps to acquire wireless assets in order to compete with chip rivals such as Qualcomm and Mellanox in the mobile device and data center market.
Sprint is considering an acquisition of T-Mobile US that would reduce the U.S. mobile industry to three large carriers if approved by regulators.
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