All the week’s IT market news.
Google rejects Viacom’s copyright claims, 05/01/07: Google has rejected claims that it enables copyright infringement on its YouTube.com Web site, its first response to entertainment giant Viacom’s $1 billion lawsuit filed in March.
AT&T CEO Whitacre to retire, 04/27/07: AT&T Chief Executive Edward Whitacre, whose contract was set to expire next year, unexpectedly announced today that he will retire in less than two months.
Microsoft wins patent ruling in case with AT&T, 04/30/07: The U.S. Supreme Court ruled Monday that Microsoft is not liable in a patent suit with AT&T in a case that had implications for U.S patent enforcement overseas.
Verizon reports growth on wireless, broadband, 04/30/07: Growth in its wireless and wireless divisions pushed first-quarter revenue higher at Verizon Communications, although earnings declined from a year ago because of asset divestitures and merger costs.
Dell memo hints at layoffs, acquisitions, 04/30/07: Michael Dell is considering layoffs and acquisitions at Dell, according to a corporate memo that was leaked to the press on Saturday.
Deferred revenue drives Microsoft to solid Q3, 04/26/07: Deferred revenue from the release of Windows Vista and Office 2007 helped Microsoft increase revenue 32 percent year over year for its fiscal third quarter, with the company reporting $14.4 billion …
The SEC’s Apple probe, 04/27/07: Last week, the investigation into the practice of backdating stock options at Apple resulted in the U.S. Securities and Exchange Commission filing charges against one former Apple executive while reaching a settlement with another. Here’s a summary of what’s happened in the investigation so far and what could potentially happen in the wake of this week’s events.
VMware files prospectus for IPO, 04/26/07: New details emerged Thursday of virtualization software provider VMware’s plans to sell its stock to the public.
Solidcore Systems brings in $10 million, 04/26/07: Solidcore Systems this week announced it has garnered an additional $10 million in venture funding to expand its operations in Asia and to address growing customer demand for its change control product.
Siemens reports profit growth as CEO plans departure, 04/26/07: One day after announcing his unexpected decision to step down, Siemens’ embattled CEO Klaus Kleinfeld could put on a smile Thursday morning to discuss the company’s higher sales and earnings.
CSC to buy outsourcer Covansys for $1.3 billion, 04/25/07: Computer Sciences Corp. (CSC) will spend $1.3 billion in cash to acquire outsourcing company Covansys and double its staff in India, the company said Wednesday.
AT&T doubles profit in first quarter, 04/24/07: AT&T Tuesday pointed to high wireless revenue for driving the company to a $2.8 billion profit in the first quarter, twice what it earned for the same period last year.
Sun posts Q3 profit, 04/24/07: Sun is continuing its profitable ways, reporting net income of $67 million, or $0.02 a share, on $3.29 billion in revenue in quarterly financial results released Tuesday.
Oracle nets more utilities expertise with Lodestar buy, 04/24/07: Oracle plans to purchase meter data-management provider Lodestar as part of its ongoing strategy to build up skills in several vertical industries including the utilities sector.
Red Hat to acquire MetaMatrix, 04/24/07: Red Hat Tuesday said it has signed a definitive agreement to acquire the business of MetaMatrix, a provider of data management and integration software
