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...
IBM has sharply increased its commitment to cloud computing by slotting $400 million for new data centers in North Carolina and Tokyo. The bulk of the investment, $360 million, is earmarked for a center in Research Triangle Park, between Durham and Raleigh. A new $40 million data center planned for ...
Microsoft is offering some of its most popular acquisitions via cloud computing with the rollout of Microsoft Online Services. Like many vendors adopting this delivery mode, Microsoft is seeking to exploit companies' eagerness to downsize their internal IT and computing infrastructures to the greate...
Software maker BMC will buy data center automation firm BladeLogic in a move that could help it fend off incursions into its core market from rivals such as EMC and IBM. BMC will use BladeLogic's products to round its own business service management software portfolio. When combined, the platform wi...
Looking to boost confidence among both investors and customers, online brokerage E*Trade Financial said Wednesday it had received a $2.55 billion investment from a private equity firm. After disclosing it had seen significant erosion of some assets due to the subprime mortgage meltdown and after an ...
Oracle extended a run of strong financial performance with a blockbuster fourth quarter, outpacing estimates for growth and profit as CEO Larry Ellison's strategy of aggressively buying up applications vendors continues to pay off. Oracle earned $1.6 billion in the quarter that ended on May 31, comp...
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...
Tapping deeper into one of the fastest-growing segments of the memory chip market, Intel has joined with STMicroelectronics and a private equity firm to establish a new flash memory company. The two chipmakers entered into the agreement to combine existing assets of businesses that last year generat...
AT&T wants to renegotiate a long-standing partnership with Yahoo, apparently seeking a scaled-down deal to gain greater control over the content delivered to its broadband customers. The move could cost Yahoo nearly a quarter billion dollars in annual revenue. The deal, which Yahoo signed in 20...
IBM posted sharply higher profits for its fourth quarter as software and services paced the technology giant, but some weakness in hardware sales led investors to sell off Big Blue shares. IBM said Friday that its net income during the period was $3.54 billion, or $2.31 per share, up 11 percent from...
Advanced Micro Devices, the world's second-largest microprocessor maker, warned Thursday that its fourth quarter results would come in below previous expectations. The news sent the company's shares spiraling and raised questions regarding the overall strength of the technology sector. AMD said rev...
The chip-making industry appears to be entering a period of consolidation, with a series of deals announced Monday suggesting firms are seeking to expand their technology portfolios and reduce costs by merging with onetime rivals. The largest of the deals calls for LSI Logic to purchase rival storag...
Dell shares fell Thursday after the computer maker said it would delay its quarterly earnings report and acknowledged that the Securities and Exchange Commission began a formal inquiry into the company's past accounting practices. The announcement came at the last minute, as Dell was set to report e...
Very - Already have or will get one
Somewhat - Awaiting more reviews or feedback from trusted sources
Indifferent - Satisfied with current phone
Not at All - Prefer other brands
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