To spruce its offerings in the data and storage services market, IBM has acquired Softek, a Vienna, Virginia based firm that develops storage solutions. This acquisition will also help IBM get more busienss and revenues.

Google has reported a colossal fourth quarter profit that nearly tripled from a year earlier. The company’s profit moved to USD 1.03 billion (USD 3.29 per share), from USD 372.2 million (USD 1.22) a year ago. Google reported that it’s fourth-quarter revenue escalated by 67 per cent to...

The rootkit case with Sony BMG has finally culminated into Sony settling with the Federal Trade Commission (FTC) and agreeing it violated the federal law. The copy protection program XCP, which shipped on 49 music CD titles from Sony BMG, and which was found to install a rootkit...

Symantec will acquire Altiris, a provider of IT management software, for a whopping USD 830 million. The terms of the deal details Altiris to receive USD 33 per share of Altiris common stock in cash. The deal is subject to customary closing conditions including regulatory and Altiris stockholder...

Microsoft’s long awaited Vista release is knocking at your door as the Windows Vista and the 2007 Office system is made available to consumers. After nearly six years in development, Windows Vista has finally been released to the masses. Both the products—which were released...

The online DVD rental company, Netflix, has reported a 61per cent drop in fourth-quarter earnings. However, the company still manged to beat market forecats. Netflix said its net income fell to USD 14.9 million, or 21 cents a share, from USD 38.2 million, or 57 cents a share...

Apple stands to make fifty per cent profit on each iPhone sold. This high profit margin is not new to Apple as the company regularly has a margin of forty-five per cent or more in its Mac and iPod products.

Google is trying to convince publishers to part with their books so that it can launch its much awaited e-books service to help people read books online or even download copies instead of buying them.

Intel has recorded Q4 revenue of USD 9.7 billion representing a gross margin of 49.6 per cent, up from Q3's 49.1 per cent. "Intel's product and technology leadership yielded a strong fourth quarter with higher selling prices and record unit shipments in the fastest growing segments...

A MarketResearch.com report has shown that Google is one of the key Internet Media players— an occupier of the top position in the search engine market, which has resulted in a large proportion of advertising spending. According to the report, Google retains all advertising...

In a funny turn of events, inspite of Apple being sued by Cisco for having copied the latter’s trademark name—the 'iPhone', Apple seems to be making a beeline to sue people who are coyping the iPhone appearance. Apple claims that the user interface that the iPhone is using is patented...

eBay wants its share of the limelight in the online ticket arena. In line with this initiative the company has decided to buy StubHub for about USD 310 million in an all cash deal. "StubHub has been successful in the online tickets segment, and it's a perfect complement to eBay's...

Motorola, has completed its acquisition of Symbol Technologies. The transaction has a total equity value of approximately USD 3.9 billion on a fully-diluted basis. Symbol will be the core of Motorola’s enterprise mobility business...

Luxpro, a manufacturer of music players and other mobile products, has won the lawsuit that it had filed against Apple. The battle goes a long way, Apple in July 2005, had sued the Taiwanese company from making its line of Tangent music players, alleging that they too closely...

Market research firm Current Analysis, has released results on how Microsoft's digital music player Zune has fared in the market. According to the results, Zune could not get into the top ten list of music players sold during the holiday season in the United States...

Apple, Google, and Napster are being sued by an online movie distributor Intertainer for copyright infringement. The lawsuit involves the business model for offering video content from various providers to consumers over the TV and the Internet, Intertainer said...

Microsoft has been generating a 'freebie' controversy by donating free computers with the Vista operating system to select bloggers. Many a one blogger defended the acceptance of the gift but bloggers who acknowledged receiving the computers as part of the joint Microsoft...

The Federal Communications Commission (FCC) has agreed to AT&T USD 80 billion acquisition of BellSouth. "The merged AT&T/BellSouth promises to offer consumers a wider array of IP-enabled services, including voice, data, wireless, and video services," said FCC Chairman...

Apple has allegedly faked its stock options documents in order to boost their profits and the share values in the market. Quinn Emanuel Urquhart Oliver & Hedges, US federal investigators, have been investigating the discrepancies in documents regarding...

Nortel and Verizon Wireless, a wireless service provider, have signed an expected five-year, USD 2 billion agreement for Nortel equipment and services that will contribute to continued improvements and expansion of Verizon Wireless' network...