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IBM will acquire Sweden-based Telelogic in a US$745 million cash deal, one that gives IBM access to a leading provider of application lifecycle management products Big Blue will fold Telelogic into its Rational unit -- created in the wake of an earlier acquisition -- where companies will have access to a wider menu of products aimed at making it ea...
Qwest Communications Chairman and CEO Richard C. Notebaert plans to retire from both positions as soon as a successor can be found, the telecommunications carrier said Monday Qwest will commence a search for a replacement immediately, saying that it "plans no changes in strategy or operations" as a result of Notebaert's departure. The company did n...
The hedge funds that earlier this week called for online broker TD Ameritrade to find a merger partner renewed their call for the strategic move, saying the company is ignoring a "massive value creation opportunity." TD Ameritrade had responded to an earlier call to seek a merger partner by saying it had explored strategic combinations in the past ...
Mobile phone technology maker Qualcomm plans to ask the White House to step into a trade and patent dispute with rival Broadcom, hoping the Bush administration will overturn a trade ruling that could ban new models of third-general mobile phones containing the company's technology from being sold in the U.S The International Trade Commission (ITC) ...
Online advertising continues to grow at a steady pace, with first quarter spending on Web-based advertising reaching a record level of US$4.9 billion That represents a 26 percent increase when compared with the first quarter of last year, when $3.8 billion was spent, the Interactive Advertising Bureau (IAB) said in a report prepared by that trade g...
eBay will move to ban international sales of ivory-based products from its auction platform, the company said, citing a recent report showing that the vast majority of such items contain illegally obtained ivory Scoring public relations points by following the call of a leading international animal rights group, eBay said the ban would go into effe...
Openwave Systems, a top provider of software solutions used in the communications industry, has rejected an offer to be bought out and taken private, bucking a recent trend that has seen scores of companies swallowed up by private equity firms The Redwood City, Calif.-based company's board voted to reject the unsolicited offer made by two funds man...
Search engine Ask.com unveiled a major overhaul Tuesday that includes a new user interface and a wider variety of content, including video, returned in regular search results The revamp is the latest in a series of moves undertaken by Ask as it bids to remain a player in the search space dominated by Google and Yahoo, and is aimed largely at making...
Ending weeks of speculation, Salesforce.com has unveiled an expanded partnership with Google that will start by combining the on-demand software firm's Web-based CRM product with Google AdWords The two companies, which have been linked in rumors for weeks, launched the product Tuesday in 43 countries and in 14 languages. It will create a single Web...
Google has struck a deal with Hearst-Argyle Television to have local news content from the company's local TV affiliates made available on YouTube, with the TV stations sharing in the revenue generated when video clips are viewed online The deal covers five Hearst-Argyle stations in Baltimore; Boston; Manchester, N.H.; Pittsburgh; and Sacramento, C...
Palm, the handheld device maker that has been searching for a way to rejuvenate its business in the face of competition from the BlackBerry and other smartphones, will sell an ownership stake to a private equity firm, raising US$325 million that it will turn over to shareholders Elevation Partners -- a private equity firm whose five main backers in...
The arrest of a Seattle man said to be one of the most prolific spammers in Internet history is sending shockwaves across the e-mail world, but the arrest likely will do little to stem the flood of unwanted messages deluging in-boxes around the globe Strong law enforcement action across multiple jurisdictions has long been viewed as a key part of a...
In the most dramatic move yet in what has become an extreme makeover, Dell said Thursday it would cut some 8,800 workers from its payroll over the next year Dell announced the cuts -- which represent 10 percent of its worldwide workforce -- as it released its first quarter results that beat Wall Street forecasts for profit but still showed that the...
eBay has bought community-based Web search tool StumbleUpon for US$75 million. The auction giant is once again reaching outside its core business for a strategic acquisition -- one that straddles search and social networking Along with StumbleUpon's technology, eBay said the purchase provides an established user base of 2.3 million people who turn ...
Motorola will cut another 4,000 jobs on top of the 3,500 layoffs it previously announced, the company said Wednesday. This move sets up the No. 2 handset maker to slash 10 percent of its workforce as it bids for enhanced profitability The Schaumburg, Ill.-based company remains on track to reap US$400 million in savings for all of 2007 from the firs...
IBM has cut more than 1,500 additional jobs from its information technology services unit, the company said Wednesday. The move is the latest in a series of changes to revamp the company to better compete in a changing technology landscape Big Blue laid off 1,573 more people from its services business in North America this week, bringing the total ...
Domain name registrar and Web site hosting firm GoDaddy has reached an agreement to take over tens of thousands of domain names maintained by a rival firm that is about to lose its accreditation to register and host Web addresses Scottsdale, Ariz.-based GoDaddy reached an agreement with the Internet Corporation for Assigned Names and Numbers (ICANN...
The Federal Trade Commission (FTC) reportedly is formally investigating Google's proposed takeover of interactive ad firm DoubleClick, with the agency weighing both the potential antitrust and consumer privacy issues of the blockbuster deal The FTC has acknowledged receiving complaints about the possible implications of the merger, with the Electro...
The state of Connecticut is suing electronics retailer Best Buy, saying the company deceived customers by using in-store kiosks linked to an employee-only Web site to suggest that bargains posted on the company's public-facing site were no longer available Connecticut Attorney General Richard Blumenthal launched the investigation last month after r...
Shifting away, at least temporarily, from its once potent direct-sales model, Dell next month will begin selling desktop personal computers in thousands of Wal-Mart stores across North America Starting June 10, two new Dell desktop models will be available for less than US$700 at Wal-Mart, the discount giant said....
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