InternetNews Staff

Consumer software developer Corel (NASDAQ: CREL) said on Monday its majority shareholder has withdrawn its offer to buy out the rest of the company. Corel said that Corel Holdings, which already owns 69 percent of the company and is controlled by private-equity firm Vector Capital, pulled its bid to “facilitate pursuit by Corel of alternatives […]

Hewlett-Packard (NYSE: HPQ) has announced a line of portable lightweight computers aimed at business travelers to compete with a product range announced by rival Dell (NASDAQ: DELL) last week. HP said on Monday that the lineup included the EliteBook 2530p, which is the smallest and lightest of its computers with a weight of just over […]

India’s telecoms regulator has recommended that calls made over the Internet be allowed to be received on telephones rather than just computers, a move that would increase competition in the fast-growing telecom market. The Telecom Regulatory Authority of India said Internet telephony was quite popular, even though the country has just 11 million Internet subscribers […]

For NBC Universal, balancing TV and online coverage of the Beijing Olympic Games has been as tricky as any maneuver on the balance beam, parallel bars or vault. After paying $900 million for broadcast rights to this year’s Summer Games, NBC Universal executives are determined to protect the television business by drawing viewers to NBC […]

Deutsche Telekom’s T-Mobile USA will be the first carrier to offer a mobile phone based on Google’s (NASDAQ: GOOG) Android software, the New York Times reported, citing people briefed on the company’s plans. The high-end phone, which will be made by the world’s top smartphone maker High Tech Computer Corp., is expected to challenge Apple’s […]

Google’s India subsidiary is being sued for alleged defamation in the Bombay High Court by an Indian construction equipment company, The Wall Street Journal said. Mumbai-based Gremach Infrastructure Equipments & Projects Ltd is demanding that Google (NASDAQ: GOOG) disclose the name of a person who criticized it using Google’s blogging service, the paper said. A […]

Source: Reuters Online DVD rental pioneer Netflix on Thursday worked feverishly to fix the most severe outage in its history, as disc shipments to a third of its 8.4 million customers came to a halt due to a shipping system problem. Red mailers with the Netflix name have become ubiquitous for many Americans who pick […]

An Infineon chip could be at the root of complaints from around the world that Apple’s new iPhone drops calls and has unpredictable Internet links, according to a research report from Nomura. BusinessWeek also is reporting that the iPhone is suffering from faulty software on an Infineon (NYSE: IFX) chip, and that Apple plans to […]

eBay is seeking to buy a minority stake in Gmarket, the U.S. online auctioneer said on Wednesday, lifting shares of the South Korean online retailer by as much as 16 percent. Some on Wall Street saw the move as the first step toward eBay taking over Gmarket and removing it as a competitor in South […]

Spending on online ads overtook advertising on mainstream TV in Britain last year, growing 40 percent to $5.3 billion and accounting for 19 percent of all advertising, U.K. communications regulator Ofcom said. In its annual report on Britain’s $95.6 billion communications industry, the watchdog found that TV advertising remained flat at $6.6 billion. Ofcom also […]

The University of Toronto and IBM Corp (NYSE: IBM) are building Canada’s most powerful supercomputer, a mammoth machine that will need its own building for storage and will be capable of performing 360 trillion calculations per second. It’s expected the system will be among the top 20 fastest supercomputers in the world and the largest […]

Data storage equipment maker NetApp on Wednesday forecast quarterly earnings below Wall Street targets, sending its shares down nearly 5 percent despite its higher quarterly profit. Customers continued to expand their storage infrastructures despite “economic uncertainty,” NetApp (NASDAQ: NTAP) said, but its earnings forecast range for the fiscal second quarter dipped below the Wall Street […]