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.
Oracle shares are slipping after market trading today on news of the company’s latest financials. Seems that while Oracle’s earnings were in line with the Street’s expectations, sales were not.
Oracle’s pending acquisition of Sun will undoubtedly be the subject of much discussion this afternoon when the database behemoth reports fiscal first-quarter earnings after the market close. Indeed, there’s quite a bit of jawing about it already, particularly about Oracle’s continued commitment to the deal in light of the ugly decline in Sun’s revenues and profitability since it was announced in April.
Looks like Sun’s last quarterly report as an independent company will be among the company’s ugliest. Sun, which is to be acquired by Oracle in a $7.4 billion deal, said Tuesday morning that its fiscal fourth-quarter loss will be far steeper than the one Wall Street has been expecting.
Yahoo’s financials for the fourth quarter–co-founder Jerry Yang’s last as CEO–were about what you’d expect: mediocre. The fourth was Yahoo’s first money-losing quarter since 2002, and the first time its revenue declined since the fourth quarter of 2001.
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.
Best use of the Beeker “meee” ever.
While the technology behind the Telephone is new, the design is reassuringly old-fashioned, reminiscent of a phrenologist’s horn or ear-candle in form. We found the experience far more comfortable than the one we had with the Telegraph.
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!
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