Latest financial news.
Microsoft nabs Softricity in virtualization push, 05/22/06
As part of its ongoing plan to beef up its virtualization portfolio, Microsoft Monday unveiled it would acquire virtualization vendor Softricity, revealed a timeline for offering built-in hypervisor technology for Windows Server and introduced a new …
Settlement ends Sony rootkit case, 05/22/06
Music fans who bought CD’s with Sony BMG Music Entertainment’s controversial XCP copy control software are going to get refunds.
Nortel chief sees UMTS consolidation, 05/22/06
Nortel’s top executive expects a consolidation of the UMTS (Universal Mobile Telecommunications System) business but won’t say whether his company will be on the buying or selling end.
Nortel: Enterprise key to rebound, 05/22/06
Once again, Nortel is counting on its enterprise operations to help lift the company out of its financial doldrums.
Qwest acquires metro Ethernet provider OnFiber, 05/22/06
Qwest this week said it will acquire privately held OnFiber Communications, a provider of managed metropolitan Ethernet and wide-area network services, for $107 million.
SAP looks to replicate U.S. success, 05/22/06
For SAP AG, the U.S. market remains the main driver of its growth, with the company looking to duplicate that success elsewhere in the world, notably in Latin America.
Symantec sues Microsoft; requests halt to Vista development, 05/18/06
Symantec on Thursday filed a lawsuit against Microsoft alleging that the software giant violated a contract over the use of intellectual property and used the technology to develop a competing product.
Dell plans AMD servers; Q1 profit falls, 05/18/06
In a surprise move, Dell on Thursday announced it will use Opteron processors from Advanced Micro Devices (AMD) in its high-end, multiprocessor servers by the end of the year.
IBM to acquire Rembo Technology, 05/18/06
IBM Thursday announced it had entered into a deal to acquire a Swiss company, whose technology is intended to bolster Big Blue’s systems management and virtualization product suites. The terms of the deal were not disclosed.
Sprint Nextel officially spins off local division, 05/18/06
Sprint Nextel officially spun off its local division Thursday.
Oracle cleared for Portal software buy, 05/18/06
Oracle Thursday said it now has all necessary approvals to complete its acquisition of Portal Software.
Microsoft to buy SSL VPN vendor Whale, 05/18/06
Microsoft plans to buy SSL VPN vendor Whale Communications, taking in-house a company with which it already had an alliance to blend Microsoft’s ISA Server software with Whale’s remote access, application firewall and access-control devices.
AT&T loses bid to get tapping documents back, 05/17/06
The group leading a class-action lawsuit that charges AT&T of handing over Internet-user information to the government won an early court battle Wednesday.
Microsoft appoints new chief of U.S. partner group, 05/17/06
Microsoft’s U.S. partner team will have a new chief on July 1 as part of an executive reshuffling designed to allow company leaders to develop career skills by taking on different roles, Microsoft said this week.
Verisign to buy SSL vendor for $125 million, 05/17/06
VeriSign said Wednesday it will purchase Secure Sockets Layer (SSL) certificate provider GeoTrust for about $125 million in cash, a deal that will give VeriSign access to GeoTrust’s extensive reseller channel.
MS ANTITRUST – Microsoft restarts tech docs project, 05/17/06
Microsoft Corp. will start over on a much-delayed technical documentation project required in a three-and-a-half-year-old antitrust settlement with the U.S. government, the company told a judge Wednesday.
Blue Security waves white flag, 05/17/06
Israeli anti-spam firm Blue Security Tuesday said that it is ceasing operations after a crippling series of attacks launched against its services earlier this month by a Russian spammer named PharmaMaster.
Nortel updates rebound progress, 05/16/06
Nortel this week announced strategic initiative to focus on driving market share in metro Ethernet networks supporting high-bandwidth video applications.
Notebook sales drive HP net income to $1.5 billion, 05/16/06
Sales of notebook computers helped drive up HP’s second-quarter net income to $1.5 billion from $1 billion in the same period of last year, the company said Tuesday.
