The name of the P2P file sharing pioneer may be changing hands once again as the company today announced that it has received "third party interest in establishing strategic partnerships or potentially acquiring the company." The firm said it is consulting with UBS Investment Bank to assist the Board and management in its evaluation of strategic alternatives.
Manufacturers of cellphones purchased significantly more LCDs for their products in Q2 2006 than in the same timeframe last year.
In a deal announced late Sunday night, AOL will sell the German division of its Internet service company to Milan, Italy-based Telecom Italia SpA for nearly $870 million. This move comes a couple months after AOL decided to scrap large parts of fee-based services in the United States, such as email, in favor of attracting more advertising revenue.
Intel today announced a new program to promote its recently launched Core 2 Duo processor. The company will run a global advertising campaign that will reach the investment volume of Intel's $300-million Centrino campaign in 2003, an executive told TG Daily.
Stamford (CN) - Gartner today followed yesterday's Q2 PC sales report published by IDC and agreed that worldwide PC shipments are on track for a double-digit increase over 2005. However, the erosion of average PC prices will impact the bottom line: Revenues will decline 2.5% over 2005, Gartner estimates.
According to a report from Market Watch, Universal Music Group may be suing YouTube and MySpace for copyright infringement. The sites, which allow users to share videos and music to millions of people, currently provide access to copyrighted multimedia content without the consent of the copyright holders.
System builders are increasingly betting on a PC price tag below $500 to be successful in the second most important PC selling season of the year: Current Analysis found that the sub-$500 space captured a 54% share in US back-to-school retail sales. No worries, if you've missed it: The day of the value PC has arrived and it is here to stay, says the research firm.
alysts of market research firm IDC confirmed a healthy state of the global PC market as sales continued to grow on a solid pace in the second quarter of this year. Despite a slow dip, shipments are expected to grow in the low double-digit range this year and touch 230 million PCs.
Broadcom today announced two design wins in the consumer VoIP market.
Chicago (IL) - The recent global recall of Sony batteries that has been reported to affect nearly 6 million owners of Dell and Apple notebook computers, will cost Sony as much as $267 million, according to a Sony China official.
Click here to see actual pictures of a Dell notebook whose battery exploded...
Palo Alto (CA) - UPDATE Hewlett Packard this morning announced that Patricia Dunn, chairman of the board of Hewlett-Packard, will step down from her position in January, as a result of the recently reported board scandal. She will be replaced by CEO Mark Hurd. Dunn will continue to serve as an HP director.
Dell's announcement today that the company would delay the filing of its Form 10-Q for its fiscal second quarter ended August 4, 2006 did not come as a surprise, after the company had confirmed an "informal investigation" into accounting issues last month. However, the simple fact that Dell apparently will miss the filing deadline, will raise additional concerns and clearly contradicts CFO Jim Schneider's initial believe that the SEC probe wasn't a big deal.
Freescale on Monday confirmed that it "is in discussions with parties relating to a possible business transaction." The chip company did not provide further details about a possible acquisition and mentioned that "there can be no assurances that any transaction will result from these discussions."
However, the New York Times reports that a consortium of investment firms was close to reaching a deal to acquire Freescale for more than $16 billion. If completed, the deal would be the largest leveraged buyout ever in the technology sector, the newspaper said.
Gateway has hired J. Edward Coleman as its new chief executive officer. Coleman joins Gateway from Arrow Electronics, where he held the position senior vice president and president of Arrow's Enterprise Computing Solutions.
Scottsdale (AZ) - Sony's Playstation Portable (PSP) was the best-selling portable game console in 2005, but the Nintendo DS has turned the tables this year: According to market research firm In-Stat, the Nintendo may ship 25 to 30% more devices than Sony.
Sacramento (CA) - The California Assembly and Senate have passed a bill that would bar most mobile phone calls made while driving. Senate Bill 1613 would make calling on a non-hands-free phone an infraction that is punishable by fines. The bill now heads to Governor Schwarzenegger for signing.
If the bill is signed into law, starting July 1, 2008 offending drivers could be fined $20 for the first violation and $50 for each violation afterwards. The law explicitly allows drivers to call for fire or police help.
Palm expects to report fiscal Q1 2007 revenues to be in the range between $354 and $356 million, down about 7% from the earlier guidance of $380 million to $385 million.
AMD today said that it has received approvals to acquire ATI from Canadian Commissioner of Competition and the German Federal Cartel Office. The company also announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has expired, which implies that the the Federal Trade Commission and the U.S. Antitrust Division of the Department of Justice have been properly notified of the transaction and do not intend to take action against it.
There appears to be little that Intel can currently do to boost its stock price. Even the dramatic restructuring announced yesterday isn't enough to improve the shaky situation of Intel shares.
Vivendi announced that it has agreed to acquire the Bertelsmann Music Group (BMG) for 1.63 billion Euro or about $2.08 billion.