3M has agreed to buy biometric access control systems vendor Cogent for around US$943 million in cash.
Stories by Peter Sayer
Alcatel-Lucent's second-quarter revenue fell 2.4 percent year on year, dragged down by slow sales in fixed-line network equipment and terrestrial optical networks, but the company reduced costs, cutting its operating loss by two-thirds compared to a year earlier.
SAP reported a 15 percent year-on-year rise in earnings for the second quarter, on revenue up 12 percent. It forecast that underlying revenue growth in its core business of software and software-related services will accelerate following completion of its acquisition of Sybase.
IBM CEO Samuel J. Palmisano has concentrated power in the hands of fewer managers, including putting one person in charge of both software and hardware products, in an executive reshuffle announced in an internal memo on Monday.
Microsoft unveiled the next version of its operating system for mobile phones, Windows Phone 7 Series, featuring a move away from applications and towards functions.
Google has made investments in wireless networks, is testing gigabit-to-the-home technology, and is selling 60,000 Android smartphones a day -- yet has no plans to compete with network operators, CEO Eric Schmidt told attendees at the Mobile World Congress in Barcelona on Tuesday.
Jonathan Schwartz announced his resignation as CEO of Sun Microsystems in a message sent via Twitter early Thursday.
Motorola's fourth-quarter sales fell 20 percent year-on-year, but the company still made out a small profit, unhampered by the exceptional charges that plunged it into loss a year ago, it reported Thursday. It expects to make a loss in the first quarter, however.
Xerox has agreed to buy business process outsourcer Affiliated Computer Services (ACS) for US$6.4 billion, in a move it hopes will allow it to expand beyond the field of document management.
Dell has agreed to buy Perot Systems for around US$3.9 billion in cash, and intends to make the company its global services delivery division, the companies said on Monday.
SAP reported a 4 per cent year-on-year increase in net income for the second quarter, even as revenue dropped 10 per cent. The company is now more optimistic about its prospects for the full year, but despite the improved profitability, will continue to keep a tight rein on costs, it said Wednesday.
IBM has agreed to acquire SPSS, a Chicago-based analytics software specialist, the companies said on Tuesday.
SAP plans to buy SAF Simulation, Analysis and Forecasting, a Swiss developer of retail forecasting software.
SAP users have begun measuring the performance of key aspects of their ERP (enterprise resource planning) systems as part of a benchmarking process agreed to with user groups. In April, SAP agreed to delay an increase in the cost of its Enterprise Support service, and to make future increases conditional on meeting certain targets for performance and customer satisfaction.
Forget 24/7 availability: By 2013, telecommunications operators will deliver at least 48 hours of Internet connectivity to their customers, every day of the week, according to a study by Cisco Systems.