All the week’s IT market news.
India’s Reliance acquires Yipes for $300M, 07/16/07: Reliance Communications, one of India’s largest telecommunications companies, has announced plans to purchase U.S. Ethernet service provider Yipes for $300 million. The deal was completed Sunday.
Vodafone denies plan to buy Verizon, 07/16/07: Vodafone Group has denied a Monday report by the Financial Times that it was considering buying Verizon Communications in a huge $160 billion deal.
Verisign CFO resigns, company restates earnings, 07/13/07: Verisign CFO Dana Evan resigned Tuesday, and the company has restated earnings from 2002 to 2005, declaring an additional $160.3 million in stock-option compensation, it said Thursday.
Overcharging suit against Cingular goes forward, 07/12/07: Washington State’s highest court on Thursday let a class-action lawsuit alleging overcharging by Cingular Wireless go forward.
Crunch time for EMC stock, 07/16/07: Customers and industry analysts agree that the company has made great strides over the past few years in laying out its strategy and in making key acquisitions aimed at filling out its portfolio. But they also agree that EMC still has work to do.
Gloves come off in antivirus dispute, 07/12/07: The war of words between Russian antivirus vendor Kaspersky Lab and rival Rising Tech, has intensified after Kaspersky slapped a defamation lawsuit on the Chinese antivirus provider following its recent controversial comments.
AOL to refund customers for unauthorized charges, 07/11/07: AOL will pay more than $3 million to settle complaints that it charged customers for unauthorized services.
Capellas, former MCI, Compaq chief, to take reins at First Data, 07/11/07: Michael Capellas, the former CEO of MCI and Compaq, will take the helm at First Data later this year.
