All the week’s IT market news.
Performance management start-up lands $15 million in funding, 09/10/07: Start-up Akorri Monday announced it had garnered $15 million in venture capital funding to further develop its technology designed to maximize application performance by optimizing server and storage resource utilization in virtual environments.
Cisco’s consumer ambitions: As John Chambers makes the round of interviews with the general press as part of the company’s bid to be a consumer brand, is Chambers likely to become the next Richard Branson?
Via loses chipset executive, team of engineers, 09/10/07: The Via Technologies executive charged with running the company’s chipset business has resigned, taking a team of engineers with him, according to a source familiar with the situation.
Intel increases revenue outlook on rising chip demand, 09/10/07: Citing surprisingly high demand for its processors, Intel Monday upgraded its third-quarter revenue forecast to a range of $9.4 billion to $9.8 billion from the company’s previous estimate of $9 billion to $9.6 billion.
AT&T expands services in Middle East, 09/10/07: AT&T is pumping up its services in the Middle East by expanding its network in the region and building up its local presence there, the company announced Monday.
Rambus settles backdating suit for $18M, 09/07/07: Rambus will pay $18 million to settle a class-action lawsuit over stock-option accounting.
Juniper tuning itself for growth, efficiency, 09/06/07: Juniper implementing internal changes for growth, COO tells analysts
Cisco consumer move afoot, leaders suggest, 09/06/07: Cisco executives hinted at major changes in the company’s consumer strategy on Wednesday even as they voiced optimism about networking and the world economy.
