Sun Microsystems' biggest institutional investor -- Southeastern Asset Management -- plans to add two new members to the struggling server maker's board of directors. Southeastern owns 22 percent of Sun's common stock. Founded in 1975, Southeastern has $34 billion in total assets under management.
Computer and server maker Dell surprised Wall Street with better-than-expected profits Thursday. The company reported $727 million in earnings in the third quarter, down 5 percent from the $766 million it reported during the same period in 2007. Third-quarter revenue came in at $15.16 billion, a 3 p...
Samsung reported a steep drop in Q3 profits with the release of its quarterly earnings report. Profits fell 44.4 percent compared with a year earlier -- a number that, not surprisingly, sent the company's share price tumbling by 14 percent. Although some product lines performed respectably -- mobile...
Netflix and Samsung announced a partnership Thursday that will bring the video rental service's streaming movies to the hardware maker's Web-connect Blu-ray disc players. Netflix subscribers can receive Blu-ray and DVD discs by mail with the added option of streaming movies and TV shows instantly fr...
Shares of memory chip maker SanDisk plummeted nearly 31 percent to $9.91 per share after the bell on the news that Samsung has dropped its offer to acquire the troubled semiconductor company. Samsung first made its $26 per share offer six months ago in a letter to SanDisk's board of directors, which...
Memory chip maker SanDisk announced Monday it will sell a large chunk of its business to Toshiba for about $1 billion. The deal comes at a time when the market for memory chips faces severe oversupply. This is "a multiyear partnership and reflects a couple of different joint ventures," said Ryan Don...
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...
Japan-based Toshiba reported a 95 percent drop in profit in the January-March fiscal fourth quarter, blaming its loss in the high-definition format war that pitted its HD DVD format against Sony's Blu-ray. Toshiba reported a profit of about $12 million for the quarter, compared with approximately $2...
Sales of personal computers continued their growth trends in the first quarter despite the U.S. economic slowdown, according to studies released simultaneously by Gartner and IDC. Notebook sales are driving the PC market worldwide, according to the reports, and there are sharper PC sales in developi...
Rambus has won a patent-related trial against three semiconductor companies. The long legal battle may not be entirely finished for the technology developer, however. Put in basketball terms, Wednesday's victory was more a three-point shot with a minute remaining than a last-minute slam dunk. A jury...
Only weeks after having won a digital format battle against HD DVD, Sony finds itself entangled in a legal fight over the technology behind Blu-ray. The ITC will hear a case filed by a retired university professor with a 50-year engineering career against Sony, Motorola and more than 25 other compan...
Consumers sent the video game hardware and software industry a $1.33 billion valentine for the month of February, a 34 percent increase over sales during the same time period in 2007, according to figures released by the NPD Group, an independent market research firm. The Wii's reign continued as th...
Microsoft's Xbox price-cutting campaign is going global, though it's not clear whether U.S. consumers will be in line for any additional discounts. Bidding to break ahead of the pack vying for next-generation gaming console dominance, Microsoft confirmed Monday it cut the price of its Xbox 360 devic...
High-definition video enthusiasts are going to be looking at a Blu-ray world. That outlook was assured Tuesday when Toshiba officially backed away from the HD DVD format against Sony's heavily fortified Blu-ray technology. The Blu-ray format had gathered momentum in recent months, having won over a ...
With significant recent defections threatening to make what was expected to be a close and ongoing battle for next-generation DVD supremacy a rout in favor of Sony's Blu-ray format, Toshiba is reportedly close to pulling the plug on HD DVD. Toshiba has already made the decision to stop pushing the H...
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