Another big acquisition for Silicon Valley. Hewlett-Packard said Thursday said it would acquire networking gear outfit 3Com for $2.7 billion, or $7.90 a share. The acquisition, which has been approved by both companies’ boards, will bolster HP’s Ethernet switching offerings and, thanks to 3Com’s routing business, intensify competition with rival Cisco.
The long-rumored data center partnership between Cisco, EMC and VMware is at last a reality. The three companies have formed a new joint venture called Acadia. Its purpose: To sell and support V-Block, an integrated data center product that combines Cisco’s Unified Computing System, EMC’s storage equipment, and VMware’s virtualization technology.
Here’s an interesting data point from Apple’s recent 10-K filing with the U.S. Securities and Exchange Commission: The company has budgeted $1.9 billion in capital expenditures for fiscal 2010. That’s 70 percent more than the $1.1 billion it spent in 2009. What does Apple plan to do with those additional funds?
Brocade investors are smiling into their coffee cups this morning after reports that the networking-gear maker has put itself up for sale sent the company’s shares soaring. People familiar with the matter tell The Wall Street Journal and Bloomberg that Brocade is seeking a buyer and that both Hewlett-Packard and Oracle are among its potential suitors.
Microsoft may have failed in its bid to acquire Yahoo last year, but it hasn’t failed in its bid to acquire some of the company’s talent. Between November 2008 and March 2009, Redmond hired away five Yahoo veterans. Now comes word that it’s picked up three more.
YouTube may be losing money, but it’s not losing nearly as much as some claim. Certainly not the $470 million that Credit Suisse projected in April, citing massive infrastructure costs. According to IT research outfit RampRate, a more realistic assessment of YouTube’s operating loss for 2009 is $174 million, nearly $300 million less than Credit Suisse’s estimate.
Larry Ellison’s got some news for skeptics predicting Oracle will dump the Sun Microsystems hardware business when its $7.4 billion acquisition of the company closes: It’s not gonna happen. In an interview with Reuters subsequently filed with the SEC, the Oracle CEO said he plans to maintain that part of Sun’s business.
Cisco has finally crossed the Rubicon. Long a partner to the big server makers, the networking equipment giant today became a competitor, announcing an aggressive push into the server market. No longer content to peddle switches and routers alone, Cisco is now selling a full-blown data center solution.
Apple’s efforts to build its own chip development brain trust out of its acquisition of PA Semi have run afoul of IBM. Mark Papermaster, a 26-year IBM veteran and vice president of its Blade Development unit–a division that designs corporate data centers, plans to take a new job with Apple in early November, and Big Blue is doing its damndest to stop him. The company has filed suit against Papermaster, claiming his noncompete agreement with IBM prohibits him from taking a job with Apple.
Andy Bechtolsheim has given his notice again. The Sun co-founder is leaving the company he helped establish in 1982, just four years after returning to it and reinvigorating its aging product line. His new gig: chairman and chief development officer of Arista Networks.
You can make money without doing evil. You can also make it without using so much fossil fuel. That’s the word from Google, which today unveiled a $4.4 trillion plan it says will reduce the nation’s dependence on coal and oil. Google’s “Clean Energy 2030” plan proposes to wean the U.S. off of coal and oil for electricity generation by 2030 by relying on power from wind, nuclear and geothermal sources instead.
Microsoft kicked off its annual Tech·Ed conference in Orlando, Fla., this morning–not that anyone’s noticed. And who could blame them, really. The Steve Jobs Show is always a tough act to follow, tougher still when it features a special appearance by
Apple’s iPhone 3G, OS X Snow Leopard and .mac replacement MobileMe.
John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper. Read more »
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
12:58 AM: Breakfast: Two schools of fish from Tokyo Bay. Calories: 782,000. How I was feeling when I ate this: confused, irradiated, hating my size.
11:37 AM: Exercise: “Taxi Stomp” (alternating legs, for 30 blocks). Calories burned: 148,900,183.
1983. The Beatles announce their first tour in thirteen years, but likewise announce that Michael Jackson will be going on tour with them as a one gigantic mega-concert event.
Best video mashup ever.
A Facebook Memorial
Wow.
Worth it for the Rickrolling photo alone.
Excellent.
Flughumor!
… you vacuous, toffee-nosed, malodorous perverts
Stephen Fry and zoologist Mark Carwardine meet the kakapo — a fat, flightless and very randy rare parrot.
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