Business

Cisco Systems said today that it will invest US$12 million to build a research and development center in Tokyo, Japan. The facility is slated to open in February 2005 and work there will focus on the development of Internet Protocol-based networking technologies, including routers and Cisco IOS(R) ...

Cisco Systems said today that it will invest US$12 million to build a research and development center in Tokyo, Japan. The facility is slated to open in February 2005 and work there will focus on the development of Internet Protocol-based networking technologies, including routers and Cisco IOS(R) ...

Cisco Systems said today that it will invest US$12 million to build a research and development center in Tokyo, Japan. The facility is slated to open in February 2005 and work there will focus on the development of Internet Protocol-based networking technologies, including routers and Cisco IOS(R) ...

After a two-day presentation in court, a federal judge has ruled in favor of Google in a trademark infringement case filed by insurer GEICO. That frees Google to display rival logos when users search under the keyword GEICO. U.S. District Judge Leonie Brinkema of the Eastern District of Virginia sai...

Merger mania found its way back into the software space today, with security firm Symantec saying it would pay US$13.5 billion to acquire Veritas Software. The deal creates the fourth-largest software firm in the world and with Veritas' storage software and Symantec's strength in security, creates a...

On the heels of IBM's decision to sell its PC unit to Chinese player Lenovo, Forrester Research is reporting that the number of personal computers in use worldwide will more than double to almost 1.3 billion by the end of the decade. That's up from 575 million today, according to the Forrester repor...

In a deal that further reduces the number of large wireless companies in the U.S. and leaves three heavyweight companies to duke it out, Sprint said today it would buy Nextel Communications for about US$35 billion in stock and cash. The merger, rumors of which began to circulate last week, will inst...

Melodeo and Warner Music Group today announced they have signed an agreement to allow consumers to securely download entire tracks from WMG's music catalog directly to their mobile phones. Melodeo, a Seattle-based company, provides music to wireless subscribers through a mobile-music solution instal...

The second week of the prime holiday shopping season accounted for US$2.2 billion of online purchases, with the number of transactions up 21 percent over the same week last year, according to VeriSign's latest e-commerce data. Monday, December 6, was the peak day of the week, accounting for 5.4 mill...

Undaunted by the failure of the recording industry to convince courts to hold peer-to-peer networks responsible for piracy, the movie industry is taking its own legal action against server operators they say have enabled "hundreds of millions" of copyrighted files to be shared illegally. The Motion ...

While there are still a few days left in the holiday shopping season, all signs point to merry profits for portals. In the effort to catch that cash, this year has seen some eye-catching promotions from old favorites and some new players with promising propositions. It's all about the customer's sho...

In a move to beef up its security for Voice over Internet Protocol (VoIP) offerings, 3Com today announced it has agreed to acquire publicly held TippingPoint Technologies, a network security products maker, for about US$430 million. 3Com will pay $47 cash per outstanding share of TippingPoint stock,...

Gary Winnick, the founder and chairman of Global Crossing, the telecommunications company that became a symbol of late 1990s corporate excess, will not face a civil insider trading charges from the Securities and Exchange Commission (SEC). Winnick's attorney Gary Naftalis issued a statement saying t...

Reversing a stance its board of directors held fast for 18 months, PeopleSoft today agreed to be acquired by Oracle for US$10.3 billion, clearing the way for a merger that sparked one of the longest and most bitter business battles in the history of the tech industry. The merger promises to dramatic...

While mainstream America is flocking to sites like Amazon.com, Froogle and Yahoo Shopping, ethnic minorities are showing an interest in something different from the online shopping experience. Research conducted by Insight Research demonstrates that meeting the needs of ethnic consumers is becoming ...