InternetNews Staff

NEW YORK — Sun Microsystems (NASDAQ: JAVA) said on Friday it will cut 5,000 to 6,000 jobs, as the economic crisis compounds the company’s struggles with depressed demand for its high-end business computers. It said the job cuts represent 15 to 18 percent of its workforce, and are part of a broader restructuring plan it […]

Chip giant Intel cut its fourth-quarter revenue forecast by about 14 percent citing weak demand across the world and in all its products, indicating the economic crisis is set to hurt computer sales in the holiday season and beyond. The shock warning hammered tech shares, which had already tumbled earlier on Wednesday, with Intel plunging […]

Musicians Will.i.am and Katy Perry Source: Reuters YouTube will venture into Webcasting later this month, in an effort to take the video sharing Web site’s popularity to a new level by showcasing the talent behind its most viewed videos. The site, owned by search giant Google, has matured from Web start-up and video fad to […]

Sun Microsystems could be forced to sell itself or some of its assets as the economic crisis worsens problems facing the high-end computer maker, which has been struggling since the Internet bubble burst in the early 2000s. But tight credit markets and the challenge of valuing Sun’s (NASDAQ: JAVA) intertwined software, hardware and services businesses […]

U.S. business software maker VMware Inc (NYSE: VMW) has bought a small French company that specializes in virtualization software for mobile phones, which allows a single phone to run multiple operating systems. VMware, the leading maker of virtualization software for computers, said on Monday it bought privately held Trango Virtual Processors, based in Grenoble, France, […]

An iPill for drug delivery. Source: Reuters Dutch group Philips has developed an “intelligent pill” that contains a microprocessor, battery, wireless radio, pump and a drug reservoir to release medication in a specific area in the body. Philips, one of the world’s biggest hospital equipment makers, said Tuesday that the “iPill” capsule, measures acidity with […]

SAN FRANCISCO — Dell, struggling to recharge its lineup of consumer product offerings, indicated Monday that a digital music player is not in the computer maker’s near-term plans despite speculation that such a product is in the works. Although Dell declined to comment specifically, the company said in a blog posting that its digital entertainment […]

President-elect Barack Obama and Google CEO Eric SchmidtSource: Reuters Google CEO Eric Schmidt said Friday he would not serve as technology czar in Barack Obama’s administration if he was asked. “I love working at Google and I’m very happy to stay at Google, so the answer is no,” Schmidt said in response to a question […]

Source: Reuters Circuit City Stores, the No. 2 U.S. consumer electronics retailer, filed for bankruptcy protection on Monday just a few weeks before the start of the key holiday shopping season, becoming the largest retailer to file under Chapter 11 this year. Circuit City (NYSE: CC) fell victim to tighter credit terms from vendors and […]

SAN FRANCISCO — A U.S. District Court judge in New York ordered a newly hired Apple executive to stop work immediately because he might be violating an agreement with his former employer, IBM (IBM.N: Quote, Profile, Research, Stock Buzz). Federal District Judge Kenneth Karas in White Plains ordered that Mark Papermaster “immediately cease his employment […]

SAN JOSE, California — High-speed wireless Internet will be cheaper and more available across the United States in the near future, the chairman of the Federal Communications Commission and a Google co-founder said on Thursday. FCC Chairman Kevin Martin and Larry Page, president, products for Google said a decision on Tuesday by the U.S. agency […]

Microsoft CEO Steve BallmerSource: Microsoft SYDNEY — Microsoft CEO Steve Ballmer dismissed speculation the software giant might still be interested in buying Yahoo, sending shares of the Internet company down 14 percent. “We made an offer, we made another offer … We moved on,” Ballmer told a business luncheon here on Friday, when asked for […]