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Business Briefs: May 15, 2008

By SD Times News Team

May 15, 2008 —

IBM plans to acquire Infodyne, a Park Ridge, Ill.-based privately held concern focused on data integration in delivery, Big Blue said. Infodyne’s software helps trading firms process large volumes of data in just microseconds, IBM executives said. Infodyne can accumulate data from hundreds of sources and deliver it in a standardized format.

Oracle completed its acquisition of BEA Systems, adding its application infrastructure products to its own stable. After its first offer was rejected, Oracle increased its bid to US$8.5 billion from $6.7 billion.

Apple made a bid of US$278 million to acquire microprocessor maker PA Semi. Potential benefits for Apple would include a new chip for future iPhone models and portable computing opportunities. One of PA Semi’s main products is the dual-core, 64-bit PWRficient processor that consists of a CPU, a memory system and I/O.

Informatica, a provider of data integration software, announced a definitive agreement to acquire Nokia subsidiary Identity Systems, an identity-resolution technology specialist. Identity’s technology provides search and matching to find information about individuals in an organization, and Informatica said it will use the technology for searching people, company and product information.

EARNINGS
AMD posted a loss for its sixth consecutive quarter, though the amount narrowed to US$358 million from $611 million for the year-ago quarter. Net revenue was $1.51 billion for the first quarter of 2008, down from $1.77 billion for the year-ago quarter.

Google had revenue of US$5.19 billion for the first quarter of 2008, which ended March 31, an increase of 42% from the year-ago quarter. Net income also rose, to $1.31 billion, from $1 billion in the first quarter of the year before.

VMware said its first-quarter net income was US$43 million, up from $41 million in the same quarter the year before. Sales rose 69% to $438 million, which was about $17 million higher than what analysts had predicted for the quarter.

EMC’s revenue for the first quarter totaled US$3.47 billion, an increase of 17% over the revenue reported in the year-ago quarter. First-quarter net income was $268.8 million, which included a $79.2 million non-cash charge for research and development resulting from acquisitions completed during the quarter.

Related Search Term(s): Apple, IBM, Oracle

Share this link: http://www.sdtimes.com/link/32160

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Proxy reveals three-way competition over ownership of Sun As the Sun board approves the sale to Oracle, a proxy reveals that IBM wasn't the only company competing with it.

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