Channel Insider Staff

SAN FRANCICSO (Reuters)—The European Commission conducted antitrust raids against Intel Corp’s Munich offices on Tuesday and against retailers selling products of the world’s largest chip maker, the Commission and the chip maker said. The European Union watchdog’s actions ratcheted up pressure on Intel and broke new ground by raiding Germany’s huge Media Markt-Saturn and British […]

NEW YORK/SAN FRANCISCO (Reuters)—Cisco Systems Inc gave a disappointing outlook on Wednesday and warned of a rapid slowdown in U.S. and European orders, driving its shares down 8 percent and adding to broader fears of a U.S. recession. "It’s the most cautious I’ve seen CEOs in the U.S. and Europe in many years," Chief Executive […]

Microsoft said it had offered to buy Yahoo for $31 per share, which it said represented a 62 percent premium above the company’s closing stock price on Nasdaq on Thursday. "We have great respect for Yahoo, and together we can offer an increasingly exciting set of solutions for consumers, publishers and advertisers while becoming better […]

FRANKFURT (Reuters)—SAP forecast sales growth and higher margins on Wednesday despite a volatile wider economy but the software maker gave a conservative outlook for 2008 as it expands into new markets. The world’s biggest maker of business-management software said its operating profit margin should inch up to 27.5-28.0 percent this year from a comparable figure […]

By Daisuke Wakabayashi SEATTLE (Reuters) – Microsoft signaled confidence to a rattled stock market by raising its full-year earnings outlook above Wall Street targets and reporting a 79 percent rise in quarterly profit on Thursday. Analysts took the results as a good sign for technology companies in the face of a slowing economy, and Microsoft […]

5 Execs VARs Should Get To Know at IBM

NEW YORK, Jan 24 (Reuters)—Electronics distributor Avnet Inc said on Thursday quarterly profit rose, helped by its recent acquisitions and healthier sales in the Americas. Net income for the fiscal second quarter rose to $142.2 million, or 93 cents per share, from $99.1 million, or 67 cents per share a year earlier. Excluding items, it […]

LODZ, Poland (Reuters)—Dell Inc opened a factory in Poland on Wednesday, its second in Europe, and said it expects growth from eastern Europe, Scandinavia, Russia and the Middle East. The factory is in the central Polish city of Lodz. The world’s second-largest personal computer maker opened its first European factory in Ireland in 1990. "We […]

Jan 18—IBM said it agreed to acquire Toronto-based Net Integration Technologies Inc, a privately held provider of business server software services for small businesses, without disclosing any financial details. The acquisition of Net Integration, whose server software is designed for businesses with limited or no in-house technical resources, is expected to close in the first […]

SAN FRANCISCO — IBM on Jan. 17 forecast 2008 earnings well ahead of Wall Street expectations after results showing a strong international performance, and its shares rose 5 percent. The world’s largest computer services company forecast 2008 earnings would rise 15 percent to 16 percent, hitting $8.20 to $8.30 per share, while Wall Street analysts had expected $7.91 […]

LOS ANGELES (Reuters)—Dell Inc returned to double-digit percentage growth in global PC shipments in the fourth quarter as its new retail sales strategy began to pay off, while rival Hewlett-Packard Co’s growth slowed, technology researcher IDC said on Wednesday. Overall, global personal computer sales rose a healthy but less-than-expected 15.5 percent in the fourth quarter, […]

NEW YORK (Reuters)—Sun Microsystems Inc said on Wednesday it will buy open source developer MySQL AB for about $1 billion, allowing it to expand into an estimated $15 billion database market. Sun also reported preliminary results for its fiscal second quarter, saying it expected higher revenue and profit compared with the year-earlier period. Sun said it […]