The city council gave their official okay for the estimated $10m contract, the cost of which will be borne entirely by MetroFi.
Google, Microsoft and Yahoo betrayed their values and colluded with government censorship in China in pursuit of lucrative revenue opportunities, according to human rights charity Amnesty International.
After six years of financial difficulties and reorganizations, Corel finally seems on track with promising first and second quarters in 2006 and a return to public trading.
For its fiscal second quarter, Google reported earnings of $2.46 billion, up 77% on an annual basis, with operating income of $815 million.
Santa Clara (CA) - In an interview this afternoon with TG Daily, Intel spokesperson Robert I. Manetta said one of the objectives of today's senior executive and general managerial shuffle, announced this morning, was to enable a seasoned, experience executive the chance to take the helm of the company's ultra-mobile PC (UMPC) project, with the intention of "creating the product," perhaps all over again.
Sunnyvale (CA) - Despite its recent avalanche of design wins and market share gains, AMD appears to be vulnerable to changing market environments. For the first quarter of this year, the company reported a sequential decline in revenues and operating income. But thanks to its Opteron processor and compared to last year, AMD still holds a strong position in the microprocessor market.
UPDATE 20 July 2006 5:30 pm ET
Round Rock (TX) - For AMD's planned price drop for its dual-core processors to enable the company to regain its aggressive price/performance competitive position against Intel as it has promised, the company would have to reduce its existing Athlon 64 X2 and Athlon FX prices by between 38% and 56% for its various models, with cuts averaging about 51%.
Cellphone manufacturers have posted yet another successful quarter. According to an IDC report released today, Nokia & Co. shipped 237.8 million phones in Q2, which represents a 2.1% increase over Q1 and a whopping 22.5% increase over Q2 of last year.
UPDATE 12:00 pm ET 20 July 2006
Santa Clara (CA) - Intel has confirmed this morning that Sean Maloney, currently one of Intel's co-general managers, has been anointed with the newly constructed title of "chief sales and marketing officer" when the company announces its complete reorganization plan, perhaps during its third quarter financial guidance call. Maloney's co-general managers, Anand Chandrasekher and Eric Kim, are being repositioned to lead the UMPC and Digital Home groups, respectively. The changes are effective immediately.
Montecito processors will likely account for around 80% of Itanium 2 shipments by the fourth quarter of this year, Intel said at a press event in Taipei.
Micron Technology, has risen to the number one position in the 2006 Patent Scorecard for the semiconductor industry, an annual qualitative appraisal of patents by the independent technology analysis firm ipIQ.
Apple Computer started focusing on the "Computer" part of its name during its fiscal third quarter 2006 earnings call this afternoon, reporting quarterly profit up 47% annually to $472 million from $320 million. Revenue was up 24% over the fiscal third quarter of 2005, to $4.37 billion - about 54¢ per share - and Macintosh accounts for more than half the reason, executives said today.
Web auction leader Ebay Wednesday posted quarterly results that matched Wall Street estimates but confirmed fears that growth is slowing as the company hewed to its conservative outlook.
Intel today reported sales $8.0 billion and a net income of $885 million for the second quarter of this year. Compared to the second quarter of last year, revenue is down 13% from $9.2 billion, while the firm's profit dropped 57% from $2.0 billion.
espite a slight sequential decline in overall hard drive shipments in the first quarter of this year, Seagate managed to post solid gains and an increased market share, which now stands at 29%, according to market research firm iSuppli. Count in Maxtor's shipments, which Seagate recently acquired, and the company shipped four out of ten hard drives in the Q1.
Microsoft said it has acquired Winternals Software.
Notebook makers are facing poor order visibility for the second half of the year, as clients are reluctant to place long-term large-volume orders amid a price war between Intel and AMD, according to industry sources.
Motorola generated revenues of $8.99 billion in China's handset market in 2005, accounting for 24.4% of the company's global revenues for the year, the Chinese-language website Sina.com reported recently.
Last week Intel announced that it would lay off 1,000 managers, but its job cutting may not be over. Donald MacDonald, vice president and general manager, told Ben Ames of IDG that the company is looking to cut some more redundant positions and added that, "Nothing is off the table."
Microsoft today announced that it enlisted the help of communication technology powerhouse Nortel to drive its "unified" communications platform forward.