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Cisco Mobile Data Shows Surge in Smartphone Users, 4G Usage

The number of users with mobile devices is expected to climb to 5.2 billion in 2017 from 4.3 billion in 2012 and traffic across high-speed 4G networks will grow 40-fold during that time, according to a five-year forecast for mobile traffic data compiled by Cisco Systems and released today.

 

Dell in $24.4B founder-led deal to go private

Dell Going Private

Slumping personal computer maker Dell is bowing out of the stock market in a $24.4 billion buyout that represents the largest deal of its kind since the Great Recession dried…Click to Continue »

 

Yahoo sees several flaws in $2.7 billion Mexico ruling: source

Yahoo Inc believes it has "numerous" grounds to appeal a Mexico City civil court's $2.7 billion preliminary judgment against the company, including both errors in procedure and in application of law, a person familiar with the matter told Reuters on Monday.

 

Cyber Monday sales up 17% to nearly $2 billion, exceeding forecast

Cyber Monday

Cyber Monday online sales beat forecasts by nearly half a billion dollars. ComScore on Monday predicted that Cyber Monday would generate $1.5 billion in online sales, but according to Adobe, the shopping day ended up raking in $1.98 billion, which was a 17% increase compared to last year.

 

HP says acquired company lied about finances

Hewlett-Packard Co. said that a British company it bought for $9.7 billion last year lied about its finances, resulting in a massive write-down of the value of the business. CEO Meg Whitman avoided calling it a fraud, but said Tuesday that there were "serious accounting improprieties, disclosure failures and outright misrepresentations at Autonomy Corporation PLC."

 

Priceline to Buy Kayak in $1.8 Billion Deal

Priceline

Priceline is buying Kayak in a $1.8 billion cash-and-stock deal, adding a travel search site that went public earlier this year.

 

Chip gear maker ASML buys Cymer for $2.5 billion

The world's leading chip gear maker ASML is buying U.S. group Cymer for 1.95 billion euros ($2.5 billion) to get control of a light-based technology crucial to making the smaller, smarter chips of the future.

 

Facebook tops 1 billion users

Mark Zuckerberg

More than a billion people now log into Facebook each month to check up on old friends, tag photos of new ones and post about politics, religion, cats or what their kids are doing. That's double the 500 million it hit in July 2010 - what now seems like a lifetime but was a little more than two years ago. August 2008 marked another milestone, 100 million. The latest milestone also amounts to nearly half of the world's roughly 2.5 billion Internet users, as measured by the International Telecommunications Union.

 

Microsoft, HP skirted taxes via offshore units: Senate panel

Microsoft

Technology giants Microsoft Corp and Hewlett-Packard Co used offshore units to shield billions of dollars from U.S. taxes by taking advantage of loopholes and stretching the limits of the tax code, a U.S. Senate panel said on Thursday.

 

Gates, Buffett again top Forbes' billionaires list

Microsoft Corp. co-founder Bill Gates remains the nation's richest man by far, as the tech and philanthropy giant took the top spot on the Forbes 400 list for the 19th year running, with a net worth of $66 billion. Investor Warren Buffett, the head of Berkshire Hathaway Inc., again took second with $46 billion, while Oracle Corp. co-founder Larry Ellison remains third with $41 billion and brothers Charles and David Koch, co-owners of Koch Industries Inc., tied for fourth with $31 billion.

 

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