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Networking giant Cisco Systems continues its aggressive push into the consumer sector with the acquisition of Flip Video camera maker Pure Digital Technologies for a whopping $590 million in stock. “The acquisition of Pure Digital is key to Cisco’s strategy to expand our momentum in the media-enabled home and to capture the consumer market transition to visual networking,” said Cisco’s Ned Hooper.
Computing giant IBM could be close to buying struggling server maker Sun Microsystems for US$7 billion, according to a Wall Street Journal report. Though Sun is best known for making high-end servers, the crown jewel of the company’s technology portfolio is its software, especially the widespread Internet programming language known as “Java.”
Computing giant IBM could be close to buying struggling server maker Sun Microsystems for US$7 billion, according to a Wall Street Journal report. Though Sun is best known for making high-end servers, the crown jewel of the company’s technology portfolio is its software, especially the widespread Internet programming language known as “Java.”
Sales of the Apple iPhone grew faster than any other smartphone on the market in 2008, according to new data from Gartner. Customers bought 11.4 million iPhones last year, up 245.7 percent compared to the 3.3 million iPhones bought in 2007. Apple’s share of the global smartphone market grew to 8.2 percent, up from 2.7 percent in 2007.
After 146 years of publication, the Seattle Post-Intelligencer print edition is no more. Seattle’s oldest newspaper, which is owned by media giant Hearst, will continue as an online-only publication starting Wednesday, but with a much-reduced news staff. The P-I, originally founded as the Seattle Gazette, isn’t the only Hearst property in trouble.