Channel Insider Staff

SAN JOSE, Calif, Aug 16 (Reuters) – An Apple Inc (NASDAQ:AAPL) global supply manager pleaded not guilty on Monday to charges of accepting kickbacks from Asian companies, while prosecutors said he is a flight risk and should not be granted bail. Paul Devine, in handcuffs and wearing an orange prison shirt, appeared in federal court […]

(Reuters) – Hewlett-Packard Co (NYSE:HPQ) said it would buy Fortify Software, a privately held security software maker based in San Mateo, California for an undisclosed sum. Fortify’s technology will allow HP to offer software that helps organizations reduce business risk, meet compliance regulations and protect against malicious application attacks. After the deal closes, HP will […]

(Reuters) – Oracle Corp sued Google Inc, alleging patent and copyright infringement in the development of the popular Android smartphone software. The suit, filed on Thursday in California federal court, claims that Google "knowingly, directly and repeatedly infringed Oracle’s Java-related intellectual property" in developing Android, Oracle spokeswoman Karen Tillman said in a statement. "This lawsuit […]

CHICAGO Aug 14 (Reuters) – A manager at technology company Apple Inc (NASDAQ:AAPL) has been indicted by a federal grand jury in California on charges including taking kickbacks, wire fraud and money laundering, according to court documents. Paul Shin Devine, a global supply manager at Apple, is accused of accepting more than $1 million in […]

IT and electronics distributor Avnet saw a 38.5 percent spike in fourth quarter revenue year over year as buyers returned following a deep recession in 2009. Avnet reported Q4 sales of $5.2 billion compared to $3.8 billion for the same period a year ago. Net income came in at $141 million compared to a net […]

NEW YORK, Aug 11 (Reuters) – Cisco Systems Inc (NASDAQ:CSCO) CEO John Chambers warned of "unusual uncertainty" in the economy and forecast revenue that missed Wall Street targets, sending its shares plummeting and raising fears that a nascent recovery in technology spending could be derailed. The cautious comments from the man often known as Silicon […]

NEW YORK Aug 10 (Reuters) – Dell Inc (NASDAQ:DELL) will begin selling its new tablet device called the Dell Streak to U.S. customers later this week for $299.99 with a two-year AT&T Inc (NYSE:T) contract, and for $549.99 without, it said on Tuesday. Dell said it would begin taking orders online on Thursday. The company […]

SAN FRANCISCO, Aug 9 (Reuters) – Oracle (NASDAQ:ORCL) Chief Executive Larry Ellison blasted Hewlett-Packard (NYSE:HPQ) on Monday for forcing CEO Mark Hurd to resign. In an email sent to the New York Times and later provided to Reuters by Oracle, Ellison slammed HP’s board for ousting Hurd — a close friend — even after the […]

SAN FRANCISCO (Reuters) – Hewlett-Packard Co said it was looking inside and outside the company to find a replacement for Mark Hurd, who resigned on Friday following a sexual harassment investigation that found Hurd violated HP’s policy for standard business practices. Analysts said HP had a deep bench of executive talent to draw from, even […]

SAN FRANCISCO, Aug 6 (Reuters) – Hewlett-Packard Co (NYSE:HPQ) CEO Mark Hurd unexpectedly resigned on Friday after a sexual harassment probe found he had a "close personal relationship" with an HP contractor who received improper payments. The shocking announcement from the world’s top personal computer maker sent its shares plunging 10 percent as Hurd is […]

LAKE TAHOE, Calif, Aug 5 (Reuters) – Hewlett-Packard (NYSE:HPQ) hopes a new crop of tablet devices, printers and other devices will attract a wave of innovative applications for its recently-acquired Palm software, as the world’s top PC vendor company competes with Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOG) in a rapidly shifting technology market. Shane Robison, HP’s […]

LAKE TAHOE Calif., Aug 4 (Reuters) – About 200,000 smartphones based on Google’s (NASDAQ:GOOG) Android operating system are sold every day, CEO Eric Schmidt said on Wednesday, underscoring the strong challenge to rivals like Apple’s (NASDAQAAPL) iPhone. Schmidt told reporters on the sidelines of an industry conference in Lake Tahoe that Android — a mobile […]