InternetNews Staff

NEW YORK, Dec 20 (Reuters) – Cisco Systems’ Chief Development Officer, Charles Giancarlo, widely seen as a top candidate for CEO, announced he was quitting the company on Thursday, leaving the race for leadership wide open. Giancarlo, 50, said he would leave the network equipment maker at the end of the month and start working […]

HELSINKI — IBM said on Friday it has agreed to buy in-memory database software provider Solid Information Technology from private owners for an undisclosed sum. Solid’s largest owners were private equity firms Apax Partners and CapMan. Solid is expected to have 2007 sales of around $14.4 million, Vesa Wallden, a member of Solid board told […]

Apple Inc and a popular Web site that published company secrets about the maker of the Mac computer, the iPhone and the iPod have reached a settlement that calls for the site to shut down. Apple and the site, ThinkSecret.com, settled the suit, which Apple filed in January 2005, and no sources were revealed, Apple […]

BRUSSELS — Microsoft signed a rare deal with an open source software group on Thursday, taking a step to meet sanctions imposed by the European Commission in 2004 for antitrust violations. The Commission ruled in 2004 that Microsoft must provide interconnection information letting so-called “work group servers” operate as smoothly with Microsoft Windows desktop machines […]

WASHINGTON — The Federal Trade Commission said on Thursday it approved Google’s proposed $3.1 billion purchase of advertising rival DoubleClick. The deal, which combines Google’s dominance in pay-per-click Internet advertising with DoubleClick’s market-leading position in flashier display ads, is also being scrutinized by European antitrust officials. In a 4-1 vote, the FTC decided to end […]

WASHINGTON — Microsoft Corp, Google Inc and Yahoo Inc agreed to a settlement worth $31.5 million to resolve accusations that the companies promoted illegal Internet gambling, the Justice Department said on Wednesday. The companies were accused of receiving money from online gambling businesses to advertise illegal betting from 1997 through 2007. As part of the […]

NEW YORK, Dec 19 (Reuters) – NetSuite, a software company controlled by Oracle Chief Executive Larry Ellison, on Wednesday raised $161 million with an initial public offering that priced far higher than expectations. About 6.2 million shares sold for $26 apiece, according to an underwriter. That price was double the low end of an initial […]

WASHINGTON (Reuters) – A venture led by Microsoft Corp co-founder Paul Allen has applied to bid in an upcoming U.S. auction of coveted wireless airwaves, according to auction documents released late on Tuesday. Allen was listed with an entity called Vulcan Spectrum LLC among the applicants who filed to bid in the Federal Communications Commission […]

FRANKFURT (Reuters) – Advertisements placed by Google in Web pages are being hijacked by so-called Trojan software that replaces the intended text with ads from a different provider, Romanian antivirus company BitDefender says. The Trojan redirects queries meant to be sent to Google servers to a rogue server, which displays ads from a third party […]

NEW YORK — Sprint Nextel on Tuesday named the head of Embarq Corp, its fixed-line spin-off, as its chief executive, hoping the telecom industry veteran can turn the No. 3 U.S. mobile service provider around. Analysts welcomed the appointment of Dan Hesse, who was widely seen as the top candidate to replace Gary Forsee, who […]

TOKYO — Toshiba Corp said on Tuesday it would join a group led by International Business Machines Corp to develop system chips using 32-nanometre circuitry, as chip makers increasingly team up to cut development costs. The alliance also comprises Advanced Micro Devices, Samsung Electronics, Singapore’s Chartered Semiconductor Manufacturing, Germany’s Infineon Technologies AG and privately owned […]

British Prime Minister Gordon Brown’s government suffered new embarrassment over missing data on Monday when it revealed one of its contractors had lost the details of 3 million learner drivers. The revelation came weeks after the government admitted it had lost computer discs containing the names and bank account details of 25 million people, exposing […]