Nokia Siemens Networks plans to sell its WiMax infrastructure business to NewNet Communication Technologies for an undisclosed sum.
Huawei Technologies will buy out the rest of a joint venture with Symantec for US$530 million, the companies announced on Monday.
Adobe will cut 750 jobs and reduce its investment in enterprise software as part of a broader plan to target the fast-growing markets for digital media and digital marketing products, the company said Tuesday.
Third-quarter earnings reports from major tech vendors continued to pour in this week, confirming upbeat trends for enterprise software and emerging markets but mixed results for hardware and components.
IBM's announcement Tuesday that company veteran Virginia Rometty will take over on Jan. 1 as president and CEO from Sam Palmisano is the latest in high-profile changes at the top in key technology companies, including Apple, Yahoo, and Hewlett-Packar...
Cisco expects annual revenue growth between 5 percent and 7 percent over the next three years and expects its still-ongoing restructuring to help the company increase profit faster than revenue, executives said on Tuesday at a financial analyst confe...
As she approached her third anniversary as Yahoo's CEO, Carol Bartz couldn't overcome a recent string of missteps that apparently eroded the board's confidence in her and eclipsed her achievements as leader of the embattled Internet pioneer.
Intel has formed a subsidiary charged with growing the company's business relationship with the U.S. government, with the new organization's initial focus on high-performance computing, the company said.
Business continues as usual for Hewlett-Packard's PC unit, which will continue to support and sell products as the company explores options to spin off or sell the Personal Systems Group, HP said on Monday.
Against a backdrop of economic uncertainty, acquisitions and earnings news from the world's top PC makers (Hewlett-Packard, Dell and Lenovo), the biggest Internet business (Google), and a major handset maker (Motorola Mobility) marked major realignme...
After pulling the plug on its webOS phones and tablet computers Thursday, Hewlett Packard said it expected to be less profitable than expected during its current fiscal quarter, which ends Oct. 31.
Alibaba Group has reached an agreement with Yahoo and Softbank over Alipay, the payment platform behind China's largest e-commerce market, Taobao.
Cisco Systems will cut about 6,500 jobs as part of an effort to focus its business and reduce operating expenses by about US$1 billion per year, the company announced on Monday.
U.S. and Canadian courts have approved the sale of thousands of patents from bankrupt Nortel Networks to a consortium including Apple and Microsoft for about US$4.5 billion.
Vodafone ended on Friday a fractious relationship with its Indian joint venture partner, Essar Group, but will end up paying more than earlier planned for the partner's 33 percent stake in the mobile joint venture, Vodafone Essar.
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