 IT Market Watch News AlertThis newsletter is sponsored by Eaton CorporationNetwork World's IT Market Watch News Alert, 10/16/07BEA rejects Oracle buyout offer, 10/12/07: BEA’s board of directors has refused Oracle’s unsolicited bid to buy the company saying the offer significantly under-values BEA Systems. Nortel pays $35 million to settle SEC financial fraud charges, 10/15/07: Nortel Monday said it will pay and $35 million to settle civil fraud charges stemming from a 3 1/2 year investigation by the Securities and Exchange Commission. HP agrees to settle backdating suit for $117.5M, 10/15/07: HP Monday agreed in principle to resolve the stock-options back-dating suit facing Mercury Interactive, a company it acquired in 2006, for $117.5 million.
AOL to lay off 20% of staff, 10/15/07: AOL will lay off about 2,000 employees, or approximately 20% of its staff, as it continues its transformation into an online, ad-supported business and moves further away from its traditional revenue model based on dial-up Internet access fees. Court refuses to let Microsoft, Best Buy off hook in RICO case, 10/15/07: The Supreme Court Monday rejected an appeal in the racketeering case against Microsoft and Best Buy that alleges consumers had MSN accounts activated and were charged for them without their knowledge when they purchased new PCs at the big box store. Cell/Wi-Fi convergence based on novel approach, 10/15/07: Start-up Agito Networks officially removes its cloak of invisibility today with the announcement of the company and its first product, an enterprise router designed to pull company cellular phone traffic onto the corporate Wi-Fi network when employees are on-premise. Red Hat, Novell sued for patent infringement, 10/12/07: Linux vendors Red Hat and Novell are being sued for patent infringement by IP Innovation and Technology Licensing. Hess outsources IT to IBM; move affects 50 employees, 10/12/07: Energy supplier Hess is outsourcing its IT infrastructure to IBM in a five-and-a-half year contract valued at $73 million, the company announced today. AT&T's de la Vega replaces mobile chief Sigman, 10/12/07: Stan Sigman, the AT&T Mobility chief who turned up the spotlight on the biggest U.S. cellular carrier by adding the iPhone to its lineup, is retiring after 42 years with parent company AT&T Inc. Oracle offers $6.7 billion to buy BEA Systems, 10/12/07: Oracle Friday announced that it has offered to buy middleware vendor BEA Systems for $17 per share in cash. Oracle’s 10 acquisitions in 2007, 10/12/07: Oracle’s offer to purchase BEA Systems for $6.7 billion would be the company’s 10th acquisition in 2007. Here’s a look at each purchase and what it means for Oracle, one of the industry’s dominant applications vendor. (Unless otherwise noted, financial details of the acquisitions were not disclosed.) New iPhone lawsuit seeks $2.6B in damages, 10/11/07: A class-action lawsuit targeting Apple and AT&T, filed last week in federal court, accuses the companies of illegally conspiring to tie iPhone customers to the telecom company's wireless network. FCC lifts AT&T pricing restrictions, 10/12/07: Despite the objections of some telecom providers, the FCC announced today that it will grant AT&T relief from pricing restrictions for its broadband infrastructure and fiber capabilities. How Sprint’s next CEO can right the ship, 10/10/07: Although Gary Forsee has stepped down from his posts as Sprint’s CEO, president and chairman, questions remain about what his successor must do to turn the company around. McBride: Reports of SCO's death greatly exaggerated, 10/10/07: If the corporate Grim Reaper is truly knocking on the door of The SCO Group, no one seems to have told Darl McBride, the software vendor's president and CEO. Acer completes Gateway share purchase, 10/11/07: Acer has acquired over 90% of outstanding shares of Gateway, paving the way for completion of the deal. Quantum sues Riverbed over data de-duplication, 10/10/07: Quantum is suing Riverbed Technology for patent infringement over its use of data de-duplication technology, just months after settling such a dispute with Data Domain. McAfee to buy SafeBoot for $350M, 10/08/07: Security software vendor McAfee will acquire SafeBoot for $350 million in an effort to expand its large-business product line, the company announced Monday. Oracle buys compliance vendor LogicalApps, 10/09/07: Oracle plans to expand its governance and compliance offering with the acquisition of LogicalApps, announced on Tuesday. Gateway plans to buy Packard Bell, 10/08/07: Gateway Monday announced plans to acquire PC vendor Packard Bell for an undisclosed amount, a move funded by Acer as part of its planned acquisition of Gateway. |
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