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Cisco snaps up Actona to integrate remote backup into routers

Jun 30, 20043 mins

Latest financial news.

Cisco snaps up Actona to integrate remote backup into routers, 06/30/04

Cisco Tuesday announced it has agreed to buy Actona Technologies, a maker of software that manages the backup and storage of files from remote offices. Cisco will pay about $82 million for the Los Gatos, Calif., firm.

Flextronics takes over Nortel manufacturing, 06/29/04

Nortel will shift the last of its manufacturing operations to Flextronics when a deal announced Tuesday is completed next year.

Microsoft settles Arizona class-action suit, 06/28/04

Microsoft has reached a preliminary settlement in a class-action lawsuit in Arizona, which alleged that the company abused its Windows monopoly to overcharge customers in the state for its software.

Microsoft, Fujitsu ally on mission-critical system, 06/28/04

Microsoft and Fujitsu Monday announced they are expanding an existing global systems integration alliance to work together on software and hardware for mission-critical systems.

Moribund Comdex show takes a vacation, 06/28/04

While the cancellation of this year’s Comdex show is supposed to provide a one-year hiatus so the event’s organizers can regroup, many industry observers predict the suspension might become permanent.

EU grants stay on Microsoft sanctions, 06/28/04

The European Union’s executive branch, the European Commission, on Sunday temporarily suspended its March competition remedy requiring Microsoft to begin offering a version of its Windows operating system …

Court rules Gypsies can sue IBM over Nazis claims, 06/25/04

IBM may still need to defend itself in a Swiss court against allegations that the company’s punch-card machines helped World War II Nazis commit genocide more effectively.

Hitachi, NEC to form networking joint venture, 06/25/04

Hitachi and NEC Friday said they plan to form a joint venture company in October that will produce network routers and switches for corporations and telecommunications carriers.

Wireless patent suit takes aim at WLAN, WiMAX vendors, 06/25/04

A patent protection suit filed against Cisco this week could have big implications for vendors of WLAN gear and of the expected flurry of WiMAX fixed-wireless products.

Gates mulled bailing out PeopleSoft, 06/24/04

One day after Oracle launched its hostile bid for PeopleSoft, Microsoft Chairman and Chief Software Architect Bill Gates sent an e-mail to CEO Steve Ballmer suggesting that Microsoft come to PeopleSoft’s …