According to a SeekingAlpha alert that I received, Microsoft said Tuesday that it will offer
$1.2 billion in cash for Fast Search and Transfer, a big player in the enterprise search market.
The move is sure to shake up the enterprise search market, which thus far has been dominated by a series of smaller players like FAST, Autonomy and Vivisimo. Google has made some inroads, but for
Intel's Profit Surges 51%, but Outlook Is Cautious
Intel Corp. posted a 51% surge in fourth-quarter profit but sounded a cautious note about business conditions in the first quarter and the rest of the year.
The forecast by the giant chip maker, whose results are seen as a gauge for global technology demand, sent its shares down more than 14% in after-hours trading.
Recently Cramer noted that his favorite comeback tech stock is EMC. It is down more than 34% since October and should benefit from its huge stake in VMware once it can begin selling stock in February. Cramer also notes that he likes the company’s international exposure and the company’s new flash-based products.
Sprint Plans to cut jobs, we all know what that means
We all know what it means when someone is ready to cut some jobs, and in this case its Sprint. Sprint Nextel Corp. plans to lay off several thousand employees as newly installed Chief Executive Officer Dan Hesse seeks to show investors a new commitment to efficiency and cost discipline at the nation's No. 3 wireless carrier, people familiar with the matter say.
Openwave Systems, which provides server and client software products and services for the communications and media industries worldwide, named Charles Levine non-executive chairman of the board, replacing interim Chairman Robert Vrij, who will continue as president and CEO.
A bit of bad news is that they lost their chief financial officer Jean-Yves Dexmier, with no explanation as to why.
Arnold Schwarzenegger: your Israeli seed investment just raised $8M
Overview: 16 Israeli companies at CES 2008 this week
Trader Thoughts has eight internet/tech stock picks for 2008. Below is a brief summary, check out the link to read the full reasoning.
Akamai Technologies' (AKAM) Q3 indicated that the it has witnessed strong growth across all its core markets. AKAM reported a 45% YOY revenue growth to $161.2M, up 6% from the second quarter 2007.
The markets have been nuts, but I believe they can only take so much before people around the world begin to take notice and begin bargain hunting... Hang tight though, this is the type of market that makes you feel like you are on the cruise ship that just started passing out the barf bags.