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Several Silicon Valley Congress members have urged the U.S. Department of Justice not to interfere in the pending online advertising deal between search engine giants Google and Yahoo. Mountain View, Calif.-based Google and Sunnyvale, Calif.-based Yahoo are situated in the heart of Silicon Valley. T...

Silicon Valley semiconductor company Transmeta has put itself up for sale. The Santa Clara, Calif.-based chip designer hired investment bank Piper Jaffray in early 2008 to assist it in exploring options. The Transmeta board ultimately decided a sale of the company was the best strategy. Piper Jaffra...

Yahoo has rejiggered its online display advertising engine in the hope that it can dominate the segment in the same way rival Google owns the search advertising market. Called "APT" -- the acronym doesn't stand for anything, according to Yahoo Vice President of Product Management John Slade -- the n...

Cisco has made countless billions selling switches and routers -- the network equipment that monitors and directs Internet traffic and keeps data flowing smoothly. Now, the hardware giant is moving into another market: corporate communications software. The move is part of a larger strategy to incre...

Online movie rental company Netflix has signed distribution deals with two heavy hitters from the TV world -- the CBS Television Network and the Disney-ABC Television Group. Netflix will soon have a stable of new and syndicated television shows that its users can stream over the Internet -- "CSI," "...

Microsoft announced plans to buy back $40 billion of its own stock, increase its dividend by 18 percent, and tap the debt markets for the first time in its 33-year history. The moves come at a time when many companies are battening down the hatches in anticipation of an ever-tightening credit market...

Enterprise software giant Oracle surpassed Wall Street expectations Friday by reporting a 28 percent boost in profit for the quarter ended Aug. 31. However, Redwood City, Calif.-based Oracle said revenue and profit growth will slow down in the next quarter as the U.S. economy loses steam. The rising...

In a week that has cleaved once-mighty Wall Street institutions asunder, no market is safe from panic-induced losses, and that includes the technology sector. The flight of investors from equities markets into low-yield U.S. Treasury bonds, gold and silver has caused a steep decline in technology st...

BillShrink, a Silicon Valley Internet startup, has launched a new free service that helps consumers to make sense of the ever-changing offers, rules and rewards programs in the credit card market. Consumers can go to BillShrink.com and fill out an online survey that asks questions about their credit...

Korean consumer electronics giant Samsung has launched a $5.85 billion hostile takeover bid of flash memory chipmaker SanDisk. News of the all-cash offer for SanDisk caused shares of the Milpitas, Calif.-based company to skyrocket more than 40 percent in early morning trading. SanDisk, which rebuffe...

Finding a quality television stand on the Internet should be pretty easy in this day and age of Google and Amazon.com, but back in late 2003, it wasn't. Especially if one lived in Vancouver, British Columbia, like e-commerce entrepreneur Arash Fasihi did. That's because even as late as 2003 -- years...

Silicon Valley computing giant HP has announced it will cut 24,600 jobs, or about 7.5 percent of its global workforce, over the next three years. Nearly half of those cuts will take place in the U.S. The move is part of HP's integration of Plano, Texas-based Electronic Data Systems, which HP acquire...

Best Buy has announced it will acquire troubled online music store Napster for $121 million. The deal includes $67 million of cash on Napster's balance sheet and values the Los Angeles-based Internet music store at roughly twice its Sept. 12 closing stock price. "It's an interesting move and looks d...

Research In Motion, maker of the ubiquitous BlackBerry handheld e-mail device, is moving deeper into the consumer market, where it is sure to run up against tough competition from Apple's iPhone. Earlier this year, RIM forged a partnership with social networking site Facebook that lets BlackBerry de...

Search engine giant Yahoo is moving ahead with plans to open up its home page and e-mail services to third-party content. The move comes at a difficult time for the beleaguered company -- earlier this year, Yahoo spurned an acquisition attempt by Internet rival Microsoft, triggering vitriolic infigh...

Two technology associations with significant clout on Capitol Hill are in talks to combine forces. The two organizations, the AeA, formerly the American Electronics Association, and the ITAA, or Information Technology Association of America, began merger discussions several months ago. "The real syn...

Internet retail giant Amazon.com is muscling into the wine industry. The company plans to start selling wine from California's Napa Valley and other wine-producing regions in the U.S. later this year. Although Amazon has not confirmed the news, the Napa Valley Vintners Association has been holding w...

AOL is getting a major facelift. Having fallen far behind competitors such as Google, Yahoo and, to a lesser extent, Microsoft's MSN, AOL -- a division of media giant Time Warner -- has launched a host of new services and content initiatives in a bid to close the gap in the online advertising game. ...

Telecommunications infrastructure giant Alcatel-Lucent has shaken up the top ranks of its management team. Seasoned telecom veteran Ben Verwaayen has taken over the CEO spot at the ailing company from Patricia Russo. The company's board also appointed a new chairman, Philippe Camus, who will take ov...

In a move that's left some observers scratching their heads, Microsoft has acquired a German comparison shopping site, Ciao, for $486 million in cash. Ciao, which is owned by Wilton, Conn.-based Greenfield Online, provides consumer reviews and ratings as well as comparative prices from e-commerce co...