Channel Insider Staff

Oct 2 (Reuters) – Data storage firm Isilon Systems Inc (NASDAQ:ISLN) is seeking bidders for a possible sale of the company, Bloomberg reported on Saturday, citing two people briefed on the matter. Seattle-based Isilon hired Qatalyst Partners, run by technology banker Frank Quattrone, to look for buyers, according to the report. An Isilon spokesman was […]

NEW YORK, Oct 1 (Reuters) – Hewlett-Packard’s (NYSE:HPQ) choice of CEO may spur a flurry of deals in the software industry, as it shores up one of the weakest parts of its business to do battle with Oracle (NASDAQ:ORCL) and IBM (NYSE:IBM). Leo Apotheker, former head of German business software giant SAP (DE:SAPG) and now […]

Oct 4 (Reuters) – LG Electronics Inc (066570.KS) said on Monday that it had scrapped a plan to launch a tablet computer based on Google Inc’s (NASDAQ:GOOG) Android 2.2 operation system known as "Froyo", a decision that may delay the rollout of its first tablet PC slated for next quarter. The decision could mark another […]

(Reuters) – Borrowing by small businesses jumped in August, data released by PayNet Inc on Friday showed, adding to evidence the economy is not headed toward a double dip recession as some analysts have feared. The Thomson Reuters/PayNet Small Business Lending Index, which measures the overall volume of financing to small businesses, rose 15 percent […]

NEW YORK, Sept 30 (Reuters)– Hewlett-Packard Co (NYSE:HPQ) announced that Leo Apotheker, 57, would be its new chief executive. Here’s a look at Apotheker’s past. Apotheker was born Sept. 18, 1953 in Aachen, Germany to parents who were Holocaust survivors. He was initially named co-chief executive of German software company SAP with Henning Kagermann in […]

NEW YORK (Reuters) – Hewlett-Packard Co will pay its new chief executive Leo Apotheker an annual salary of $1.2 million, plus a signing bonus of $4 million to lead the technology powerhouse after a scandal toppled its last top executive. Apotheker, the former chief executive of the German software company SAP, will also be granted […]

Sept 30 (Reuters) – Social networking website Facebook and Internet telephone company Skype are in talks to establish a partnership that is aimed at integrating their communication services, Wall Street Journal said, citing a person familiar with the situation. Under the proposed partnership, Facebook users would be able to sign into Skype through their Facebook […]

(Reuters) – South Korea’s LG Electronics (066570.KS) said on Thursday it had signed a partnership deal with Microsoft (NASDAQ:MSFT) on cloud computing and virtualization, hot IT technologies aimed at helping business cut costs. Under the pact, LG will introduce monitors integrated with Microsoft software. The monitors will function as virtual computers, allowing multiple users to […]

Hewlett-Packard elected to go the road less traveled to find its new chief executive officer. After a nearly two-month search, the world’s largest IT company on Sept. 30 named former SAP chief executive Leo Apotheker, 57, as its new president and CEO, replacing Mark Hurd. It was a move few industry people saw coming. >>Click […]

Sept 29 (Reuters) – FalconStor Software Inc (NASDAQ:FALC) said on Wednesday its Chief Executive ReiJane Huai resigned following his disclosure of certain alleged improper payments in connection with the company’s contract with a customer, sending its shares down as much as 34 percent. FalconStor named current Chief Strategy Officer James McNiel as its interim CEO […]

SAN FRANCISCO, Sept 28 (Reuters) – Hewlett-Packard Co (HPQ.N), facing questions about its growth strategy after the surprise departure of ex-CEO Mark Hurd, on Tuesday forecast 2011 results that surpassed Wall Street expectations and propped up its shares. The world’s largest technology company forecast 12-14 percent growth in non-GAAP earnings in fiscal 2011 and revenue […]

Energy-related costs are the fastest-rising cost for the data center and represent about 12 percent of data center expenditure overall. That’s according to a new report from Gartner, which notes that data center power, cooling and energy supply and cost problems will accelerate over the next few years as companies are increasing their technology spending […]