Stories about: CitiGroup

Yahoo's rejection of Microsoft's acquisition bid is likely a negotiating strategy to elicit a higher offer and shouldn't be seen as an attempt to resist a deal at all costs, according to analysts.

The Iranian computing research center that says it built a supercomputer with Advanced Micro Devices' Opteron processors has removed from its Web site photographs showing a possible link to the United Arab Emirates as a source of the chips. But something that can't be removed so easily are longstanding US concerns about the UAE being a conduit for sending technology to Iran and other banned countries.

Amid uncertainty about the greater economy, technology companies are looking good to investors. Strong earnings from Red Hat this week and Oracle last week, continued excitement over mergers and acquisitions, and solid forecasts for global component sales have been pushing shares of tech vendors up.

Tim Berners-Lee has been talking about the next World Wide Web almost since the first World Wide Web, which he's credited with inventing, took off. Indeed, Berners-Lee first articulated his vision for a next generation Web in 1998, when he called for a standards-based system for tying together all the different kinds of information that companies and consumers now wrestle with. "Semantic Web" is the term he came up with to describe what the next version of the Internet will look like. It's not great branding, as Berners-Lee, himself, has admitted, and some folks have just slapped the label "Web 3.0" on the whole endeavour.

The One Laptop Per Child (OLPC) group said Thursday that it had raised the price for its hundred-dollar laptop to US$175, but were still confident they would collect enough orders to begin volume production by September.

Cleveland's Key Bank is keeping its own bank balance healthy by moving much of its back-end infrastructure to Linux.

Google's stock price recently topped US$400 per share. Online advertising, its main source of revenue, is expected to continue growing by leaps and bounds for the foreseeable future. Within online advertising, Google is a leader in the market's largest segment: paid search. Titans like Microsoft and Yahoo have significantly adapted and changed their business and technology strategies based on Google's moves. To boot, Google has the resources to steal Internet luminaries like Vint Cerf from competitors. Clearly, Google is invincible. Right?

The first thought that comes to mind when one hears the name Google isn't exactly "enterprise IT vendor."

Novell will eliminate about 600 jobs, or more than 10 percent of its workforce, as part of a restructuring in which the company will refocus on Linux and open-source opportunities as well as the identity and resource management markets.

While the loudest buzz in the operating system/hardware arena has been the news of Apple's jump to Intel CPUs, another story that may be of more interest to enterprise datacenter managers involves two completely different operating system/CPU platforms - Linux and HP's NonStop servers.

Several IT executives at the LinuxWorld Summit last week reinforced the idea that Linux now has the technical brawn and industry support to accommodate the most demanding business applications in environments such as finance, airline reservations and stock trading.