Business

Cingular Wireless, a joint venture of SBC Communications and BellSouth, has inked an agreement to acquire AT&T Wireless. Under terms of the agreement, which was approved by the boards of directors at both companies, shareholders of AT&T Wireless will receive $15 per common share, which trans...

Cingular Wireless, a joint venture of SBC Communications and BellSouth, has inked an agreement to acquire AT&T Wireless. Under terms of the agreement, which was approved by the boards of directors at both companies, shareholders of AT&T Wireless will receive $15 per common share, which trans...

Cingular Wireless, a joint venture of SBC Communications and BellSouth, has inked an agreement to acquire AT&T Wireless. Under terms of the agreement, which was approved by the boards of directors at both companies, shareholders of AT&T Wireless will receive $15 per common share, which trans...

Intel has won an appeal of a 2002 patent infringement award based on the technology that powers its Itanium chip line, overturning the earlier decision and possibly saving the company more than $100 million. The U.S. Court of Appeals set aside the October 10, 2002, ruling that found Intel had violat...

In what could be the beginning of the end of the Oracle-PeopleSoft takeover saga, staff attorneys at the U.S. Department of Justice have recommended blocking the deal because it raises antitrust concerns. The DoJ informed both companies late Tuesday of the recommendation, which will be used by the a...

When the Washington Alliance of Technology Workers opened its doors five years ago and started talking to high-tech professionals to gauge their interest in joining a union, many treated it as a joke. Now, with offshore outsourcing taking off and repercussions from years of layoffs hitting home, no ...

PeopleSoft's board of directors has rejected Oracle's latest takeover bid, saying the sweetened $9.4 billion deal still undervalues the software firm. The directors said they arrived at the decision that the offer is "inadequate from a financial point of view" after consulting with financial adviser...

Juniper Networks has announced it will buy NetScreen Technologies in an all-stock deal worth an estimated $4 billion. The pact gives number two network gear maker Juniper instant access to a well-regarded provider of network security solutions, including firewalls and virtual private networks. All o...

Venture capital commitments ended 2003 on an up note, with the fourth-quarter amount raised closing at $5.2 billion. That amount represented almost half -- 47.8 percent -- of the total amount raised in all of 2003. Amity Wall, manager of research operations at VentureOne, told the E-Commerce Times t...

The SCO Group has broadened its lawsuit against IBM by adding a copyright infringement claim to the case. Previously, SCO was prevented from formally including copyright infringement in the case because of unresolved issues with Novell, which sold most of its Unix intellectual property rights to SCO...

Larry Kramer founded MarketWatch.com as part of a joint venture between Data Broadcasting Corporation and CBS back in 1997. After years of turmoil, the company, which publishes business news and financial information and tools, achieved profitability in the fourth quarter of 2003 and for the year as...

Oracle has raised its bid to acquire rival PeopleSoft to about $9.4 billion, or $26 per share. Oracle's amended offer is a little less than 19 percent higher than PeopleSoft's Tuesday closing price of $21.89 per share. "This is our final price," Jeff Henley, Oracle chairman and CFO, said. Forrester ...

The Open Source Development Labs (OSDL) has announced its first Chinese member organization: Beijing Co-Create Open Source Software Company, Ltd., which plans to work on the Linux kernel and promote Chinese adoption of Linux on the desktop. Beijing Co-Create is the second Far East organization to jo...

Microsoft has announced it will hold off on implementing modifications to the Windows operating system and Internet Explorer as a result of an ongoing patent lawsuit filed by Web software firm Eolas. Eolas claims the software that allows IE to use plug-ins infringes on a patent that it holds jointly...

PeopleSoft has reported earnings that paint a mixed picture, with revenue up but net profit down as a result of charges related to its J.D. Edwards acquisition. Revenue in the fourth quarter increased to $685 million. However, fourth-quarter net income plunged 70 percent. Analysts noted that while t...