Earlier today, Intel and Advanced Micro Devices announced a comprehensive agreement to end their outstanding legal disputes. After the jump, AMD CEO Dirk Meyer’s official remarks about the agreement.
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For Oracle, whose acquisition of Peoplesoft and Siebel Systems cleared in Europe without conditions, news that the European Commission issued formal objections to its purchase of Sun was likely particularly galling. According to Oracle CEO Larry Ellison, Sun is already losing $100 million a month as it waits for regulatory approval, and judging from the price of the company’s stock today, it may be losing even more.
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Yahoo’s attempts to rally shareholders in advance of its annual meeting on Aug. 1 are going about as well as its attempts to rally its business. Which is to say, not well at all.
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Google co-founder Larry Page recently discounted the idea that a Google-Yahoo partnership would present any potential antitrust problems. We may soon find out if he’s right. This afternoon, just a few hours after announcing the not-with-a-bang-but-a-whimper conclusion of its negotiations with Microsoft, Yahoo said it had inked a non-exclusive search-advertising deal with Google that could be worth about $800 million in annual revenues.
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