MySpace is laying off 500 employees, or about 47 per cent of its global staff, as part of a restructuring by the once-leading, now struggling social-networking site.
Open source software management provider Black Duck Software said Monday it has made its third acquisition in recent months and fourth overall, scooping up consulting firm Olliance Group for an undisclosed sum.
MySpace will reportedly lay off more than half of its employees on Tuesday as the website scales back its social networking ambitions.
Intel and Nvidia have signed a patent cross-licensing agreement and ended a long-standing legal dispute between the two companies, Intel said Monday.
Advanced Micro Devices on Monday said that Dirk Meyer has resigned from the post of CEO, and that the company is beginning to search for a new chief executive.
Dirk Meyer, CEO and president of AMD, has resigned effectively immediately. AMD's Board of Directors has announced that Senior Vice President and CFO Thomas Seifert will replace him as interim CEO.
Oracle is moving further into rival SAP's turf with Oracle Financial Analytics for SAP, a new BI (business intelligence) application that can crunch ERP (enterprise resource planning) system financial data for insights.
Myspace's China office cut about 30 employees last month and saw its CEO depart, a sign that the U.S.-based social networking service may be pulling back from the country's Internet market.
Longtime Microsoft executive Bob Muglia, president of the company's server and tools business, will step down from his position later this year, according to a Steve Ballmer memo issued Monday to company employees.
Samsung Electronics, the world's largest memory chip and LCD panel maker, said its sales will likely reach a new all-time high in the fourth quarter, but its operating profit will fall substantially compared to the third quarter.
Oracle is conducting a cloud computing road show that will hit roughly 80 cities around the world, according to its website.
Despite ongoing worries about the strength of the U.S. recovery, sovereign debt in Europe and inflation in various parts of the world, global IT spending is due to increase this year, according to Forrester Research and Gartner.
Intel has made certain commitments to the European Union in an effort to push ahead with its proposed acquisition of McAfee.
A federal judge has set aside the $US139 million judgment against SAP that a jury awarded Versata Software in August 2009, according to a ruling filed Thursday in U.S. District Court for the Eastern District of Texas.
Zynga, the company behind popular Facebook games such as FarmVille and Mafia Wars, has acquired Flock, which develops a Web browser fine-tuned for real-time social networking data feeds.
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First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.
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