India's Reliance acquires Yipes for $300M; Vodafone denies plan to buy Verizon

IT Market Watch News Alert This newsletter is sponsored by Arsenal Digital Solutions Solving the Distributed Data Protection Problem Hackers, disgruntled and careless employees, equipment failure, broken pipes, fires, and natural disasters all pose threats to your data. Savvy IT and business managers have recognized that in order to deal with these challenges, they need to deploy a company-wide data protection infrastructure. Click here to read this whitepaper today! Network World's IT Market Watch News Alert, 07/17/07 India's Reliance acquires Yipes for $300M, 07/16/07: Reliance Communications, one of India’s largest telecommunications companies, has announced plans to purchase U.S. Ethernet service provider Yipes for $300 million. The deal was completed Sunday. Vodafone denies plan to buy Verizon, 07/16/07: Vodafone Group has denied a Monday report by the Financial Times that it was considering buying Verizon Communications in a huge $160 billion deal. Verisign CFO resigns, company restates earnings, 07/13/07: Verisign CFO Dana Evan resigned Tuesday, and the company has restated earnings from 2002 to 2005, declaring an additional $160.3 million in stock-option compensation, it said Thursday. New Executive Guide Network World has recently published an executive guide entitled "Virtualization Meets Reality". Find out the 8 key challenges of virtualizing your data center. Download it now! Overcharging suit against Cingular goes forward, 07/12/07: Washington State's highest court on Thursday let a class-action lawsuit alleging overcharging by Cingular Wireless go forward. Crunch time for EMC stock, 07/16/07: Customers and industry analysts agree that the company has made great strides over the past few years in laying out its strategy and in making key acquisitions aimed at filling out its portfolio. But they also agree that EMC still has work to do. Gloves come off in antivirus dispute, 07/12/07: The war of words between Russian antivirus vendor Kaspersky Lab and rival Rising Tech, has intensified after Kaspersky slapped a defamation lawsuit on the Chinese antivirus provider following its recent controversial comments. AOL to refund customers for unauthorized charges, 07/11/07: AOL will pay more than $3 million to settle complaints that it charged customers for unauthorized services. Capellas, former MCI, Compaq chief, to take reins at First Data, 07/11/07: Michael Capellas, the former CEO of MCI and Compaq, will take the helm at First Data later this year.

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Contact the author: Contact Network World Site Editor Jeff Caruso This newsletter is sponsored by Arsenal Digital Solutions Solving the Distributed Data Protection Problem Hackers, disgruntled and careless employees, equipment failure, broken pipes, fires, and natural disasters all pose threats to your data. Savvy IT and business managers have recognized that in order to deal with these challenges, they need to deploy a company-wide data protection infrastructure. Click here to read this whitepaper today! BONUS FEATURE IT PRODUCT RESEARCH AT YOUR FINGERTIPS Get detailed information on thousands of products, conduct side-by-side comparisons and read product test and review results with Network World’s IT Buyer’s Guides. Find the best solution faster than ever with over 100 distinct categories across the security, storage, management, wireless, infrastructure and convergence markets. Click here for details. PRINT SUBSCRIPTIONS AVAILABLE You've got the technology snapshot of your choice delivered to your inbox each day. Extend your knowledge with a print subscription to the Network World newsweekly, Apply here today. International subscribers, click here. SUBSCRIPTION SERVICES To subscribe or unsubscribe to any Network World newsletter, change your e-mail address or contact us, click here. This message was sent to: networking.world@gmail.com. Please use this address when modifying your subscription. Advertising information: Write to Associate Publisher Online Susan Cardoza Network World, Inc., 118 Turnpike Road, Southborough, MA 01772 Copyright Network World, Inc., 2007