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In an effort to get ahead of the curve with "emerging storage opportunities," IBM has purchased XIV, an Israeli storage technology company headed by a big name in the storage industry: Moshe Yanai. Big Blue did not disclose the purchase price, but Israel's financial daily Globes reported IBM spent b...

Amazon.com executives and investors had a very merry holiday season as buyers chose the online mall in huge numbers. Amazon said the 2007 holiday season, its 13th, was its best ever in terms of sales. While the Seattle-based e-commerce giant did not reveal final sales figures, it noted customers ord...

Yahoo China violated Chinese law by facilitating the illegal download of digital music files, a court in Beijing ruled. While Internet freedom advocates questioned the propriety of the decision by the Beijing Higher People's Court, the UK-based International Federation of the Phonographic Industry, ...

Palm will rely on "operational rigor" to right itself after a disappointing second fiscal quarter, one where the company lost nearly $10 million, its CEO said. "We've taken actions to align our expenses to the current operating environment and are focusing on core initiatives that will have the grea...

Acknowledging improvements are necessary and saying he's the right man for the job, Sprint Nextel has chosen former Embarq CEO Daniel Hesse to be its new president and CEO. The 54-year-old Hesse, described in the company's official announcement as being a "wireless industry veteran," replaces former...

China-based software company CDC raked in the most revenue for a third quarter of its history but nevertheless suffered a net loss of more than US$7 million, a situation blamed in part on "pirate" servers allowing people to play its online game Yulgang without authorization. The Q3 report by CDC, wh...

Possibly causing worldwide feelings of deja vu, Opera Software has filed a complaint with the European Commission that says the bundling of Internet Explorer with the Windows operating system amounts to unfair monopolization. Opera, based in Norway, developed and distributes the Opera Web browser. I...

In a deal worth $117 million, HP is buying NUR Macroprinters, an Israel-based maker of wide-format digital inkjet printers widely used by the commercial graphics industry. The deal will enlarge HP's footprint in the world of graphic arts by allowing it to offer more mid-range platforms and technolog...

Predicting the deal will "revolutionize" home entertainment, Macrovision has agreed to acquire Gemstar-TV Guide for about $2.8 billion. Macrovision, based in Santa Clara, Calif., creates technology designed to thwart people from watching and copying digital material without proper authorization. Gem...

Czech Republic-based IT security vendor Grisoft is buying Exploit Prevention Labs, an Atlanta company formed two years ago by security veterans Bob Bales and Roger Thompson. The deal, expected to close Dec. 31, will give users of its software better protection from Web 2.0-savvy cybercriminals than ...

Living up to a promise it made investors, Dell announced Tuesday it will return to buying back its stock now that an internal accounting investigation is concluded. The stock repurchases will begin this week with the buying back of $10 billion worth of shares, the Round Rock, Texas, computer giant s...

In a three-year deal worth US$4.5 billion, Dell is consolidating its far-flung advertising efforts into an integrated "new marketing model" that involves partnering with one agency: London-based WPP Group. Dell officials said they've been calling the new arrangement "Project DaVinci," a name intende...

Wall Street gave Dell the smackdown early Friday, a day after the company issued a third-quarter report that showed solid revenue and earnings but acknowledged clouds on the horizon. The company's shares took a nosedive largely because, despite reporting Q3 revenues that were up 9 percent year-over-...

A week before it hosts a number of big Asian companies for an Arab-Asian Investment Conference, private equity company Dubai International Capital showed what's at stake by announcing it is buying a big chunk of Sony stock. The unspecified investment is coming from the $2 billion Global Strategic Eq...

When they sit at the dinner table Thursday, HP investors might want to utter a little "thank you" to HP chairman and CEO Mark Hurd. Under Hurd's guidance, HP has positioned itself for success. It proved the point this week when it revealed its fourth-quarter results. The San Jose, Calif., company be...

A new mobile phone Samsung is making for AT&T will include Napster Mobile, a service that allows owners to search, preview and buy music from Napster's catalog of 5 million songs. The phone, called the "SLM by Samsung," will be available in stores on Nov. 23, said AT&T. The new phone is the ...

A new mobile phone Samsung is making for AT&T will include Napster Mobile, a service that allows owners to search, preview and buy music from Napster's catalog of 5 million songs. The phone, called the "SLM by Samsung," will be available in stores on Nov. 23, said AT&T. The new phone is the ...

A new mobile phone Samsung is making for AT&T will include Napster Mobile, a service that allows owners to search, preview and buy music from Napster's catalog of 5 million songs. The phone, called the "SLM by Samsung," will be available in stores on Nov. 23, said AT&T. The new phone is the ...

In an attempt to focus its "strategic direction" on providing Internet infrastructure services, VeriSign is divesting itself of a number of companies it acquired over the years. The divestiture plan, announced at the company's 2007 Analyst Day in New York, is part of a plan to return to basics after...

Cable TV companies are swarming like angry bees over the Federal Communications Commission's desire to tighten its regulatory grip to spark competition and programming diversity. According to published reports, FCC Chairman Kevin Martin will try to enforce a 1984 rule that would force the cable comp...