IT Market Watch News AlertThis newsletter is sponsored by QualysNetwork World's IT Market Watch News Alert, 08/21/07Ballmer parries discussion of Yahoo buy, 08/20/07: Try as he might, not even veteran U.S. television interviewer Charlie Rose could get Microsoft's Chairman and CEO Steve Ballmer to disclose whether the company continues to mull an acquisition of Yahoo. Sourcefire acquires ClamAV project, 08/17/07: Sourcefire on Friday announced it has acquired the open-source ClamAV gateway antivirus and antimalware project for an undisclosed price. IBM reportedly eyes Wind River deal, 08/17/07: IBM could establish a strong presence in the market for embedded operating systems with the acquisition of financially ailing Wind River Systems, a deal that is reportedly in the works.
Another Brocade exec faces backdating charge, 08/17/07: A third former Brocade Communications Systems Inc. executive faces federal charges related to stock options backdating, just 10 days after the firm's former CEO became first person in the U.S. convicted on backdating charges. Dell to restate results after finding manipulation, 08/16/07: Dell will restate its earnings for fiscal years 2003 through 2006 and the first quarter of 2007 after an internal audit found that certain employees had changed corporate account balances in order to meet quarterly financial targets, the company said Thursday. IBM, PWC settle U.S. contracting lawsuit, 08/16/07: IBM and PriceWaterhouseCoopers International (PWC) have agreed to pay the U.S. government nearly $5.3 million to settle allegations that the companies solicited and provided improper payments on technology contracts with government agencies, the DOJ announced. Nokia asks U.S. to ban import of Qualcomm products, 08/17/07: Nokia wants the U.S. International Trade Commission (ITC) to ban the import of Qualcomm chipsets that allegedly infringe on five patents held by the Finnish handset maker. Google, Viacom lawsuit takes a hilarious turn, 08/15/07: Google wants to question under oath two Comedy Central stars, Stephen Colbert, host of The Colbert Report and comedian Jon Stewart of The Daily Show, in connection with the $1 billion copyright infringement lawsuit brought against the company and online video company YouTube by Viacom International. Citrix: XenSource fills critical virtualization hole in product portfolio, 08/16/07: Citrix's planned acquisition of XenSource gives the application software vendor access to desktop and server-virtualization technologies. Wall Street Beat: Credit concerns dampen IPO, M&A news, 08/16/07: IPO news, acquisitions and strong corporate profits continued to stoke excitement for IT investors this week. Worries about the U.S. housing and credit markets, however, are beginning to cast a shadow on IT sector forecasts for the rest of the year. PC and software sales boost HPs revenue, profit, 08/16/07: HP's PC business and software sales from its Mercury Interactive acquisition helped produce net profit of $1.8 billion, for a 29% increase, with a 16% boost in revenue in the fiscal third quarter. |
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