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Level 3 has announced plans to buy Global Crossing for $3 billion in a stock-for-stock transaction. Level 3 will also assume Global Crossing's $1.1 billion debt. This transaction creates a company with pro forma combined 2010 revenues of $6.26 billion, the companies said. The merging of the two comp...

The PC is not yet in danger of becoming extinct, but its position as the primary computing device in most people's lives could soon be threatened by the tablet. Several analyst firms have recalculated their 2011 PC sales projections after noticing a trend in which more consumers are passing on PC p...

Time Warner Cable and Viacom are countersuing each other over whether Time Warner Cable has the right to live stream Viacom content to its Apple iPad app, which it released in March. In short, Time Warner Cable says the rights it already obtained from Viacom entitle it to distribute the content in t...

Larry Page took the wheel as Google's CEO this week, and he's already shaking things up. On Thursday, Page reportedly placed key executives in charge of individual business units, indicating he wanted to simplify product and engineering structures with one executive leading each functional group. Th...

Salesforce.com is on a buying binge as it attempts to build on its extraordinary sales momentum and broaden its market penetration within existing customer organizations and among new organizations. Since the end of last year, Salesforce.com has acquired five companies starting with Heroku and Etact...

Flick through your TV guide -- soon enough you'll find 20 new YouTube channels. That's a lot of laughing babies. Google reportedly is planning to spend as much as $100 million to produce 20 new YouTube channels offering a combination of original new Internet-only content and content already on the s...

A different type of deployment for near field communications will be rolled out in Salt Lake City in early to mid 2012 -- different that is, from the projects rumored to be under way at Apple, Google and Amazon. Officials of the city and Isis, a mobile commerce joint venture between AT&T Mobilit...

Many economists, including Paul Krugman and Nouriel Roubini, have argued that the European Monetary Union is in trouble because of the fiscal difficulties of a few of its member countries. Some have predicted that the euro will fail. Because the prospects for a future single global currency depend ...

New technology may be cool, but it can also be a double-edged sword. Different industries are starting to overlap, and even though the blending of different technologies can be very exciting, it can also be very confusing. One example is how cable television companies have been starting to use the A...

Blockbuster -- once the king of video rentals -- has reached an ignoble end. The carcass of the once-sterling company has been snatched up for nothing, for its bones. Dish Network announced on Wednesday that it was the winning bidder in the bankruptcy court auction for the assets of Blockbuster. The...

For the past two years, media and vendors alike have proclaimed the cloud to be the next wave of IT -- promising to change computing as we know it. The reactions of many IT veterans who have lived through similar marketing barrages in the past have ranged from a cautious wait-and-see attitude to out...

Texas Instruments announced on Tuesday that it has signed an agreement to acquire its rival, National Semiconductor, in an all-cash transaction totaling US$6.5 billion. This will merge two leading analog semiconductor companies. National's shareholders will receive $25 a share, 78 percent higher tha...

The U.S. Department of Transportation not only wants to construct highways, subways, railroads and airports for the traveling public, but also wants to build bridges to information technology vendors and providers. The department has just launched a program to engage vendors and help educate DoT emp...

The IT industry purely loves digital information and with good reason. Creating, storing and archiving documents consisting of 1's and 0's provides the foundation for thousands of business computing solutions and billions of dollars in annual sales. While the gospel of the "all-digital enterprise"...

The IT industry purely loves digital information and with good reason. Creating, storing and archiving documents consisting of 1's and 0's provides the foundation for thousands of business computing solutions and billions of dollars in annual sales. While the gospel of the "all-digital enterprise"...