Toshiba plans to cut 900 jobs from its PC business unit, or 20 percent of that operation’s staff, as part of a wide-reaching overhaul to withdraw from certain consumer markets and focus on business sales.
German enterprise application software giant SAP said it will buy travel expense management developer Concur Technologies (CNQR) for some $8.3 billion, which equates to $129 a share or a 20 percent bump over Concur’s Sept. 18 $107.80 closing price.
Oracle’s (ORCL) iconic leader Larry Ellison, who founded the company in 1977, is stepping down as chief executive, handing the helm to current de-facto bosses Mark Hurd and Safra Catz, both of whom will be officially elevated to CEO as Ellison becomes chief technology officer and board executive chairman.
Cloud and server hosting provider Rackspace (RAX) has nixed acquisition and partnership talks, instead about-facing to go it alone and naming a new chief executive to navigate it through battles with Amazon (AMZN), Google (GOOG) and the telcos.
With Apple’s (AAPL) new iPhone 6 and iPhone 6 Plus available to customers in the vendor’s retail stores at 8 a.m. Pacific Friday and 24-hour pre-orders for the smartphones standing at a record 4 million, the big question is, Will we see more than 9 million units sold over the weekend?
How much work does Apple (AAPL) still have left to impress the difficult-to-wow fashion world that its new Watch not only is hip and cool but also elegant? Judging by what some of the fashionistas had to say about the Watch’s design, there’s still ground to cover.
Maybe not so fast, enterprise mobility. Businesses banking on BYOD strategies to navigate them through the deep waters of security breaches and confidential data leaks may have to rethink their assumptions: A new report from researcher Gartner claims that through next year, 75 percent of mobile apps won’t pass the most foundational of security tests.
“Yes, the deal is real. Mojang is being bought by Microsoft,” wrote Owen Hill, Mojang chief word officer in a Sept. 15 blog post, confirming what many over the weekend knew would happen on Monday—Microsoft’s (MSFT) $2.5 billion purchase of the Stockholm, Sweden-based maker of the 100-million player Minecraft game.
EMC (EMC) may be getting ready to sell its 80 percent stake in VMware (VMW), perhaps caving to pressure from activist investor Elliott Management, which last July snagged a 2 percent interest in the storage giant and immediately began pressuring it to offload the virtualization kingpin.
Acquisition-shy Hewlett-Packard (HPQ) has plunked down a reported $100 million to buy Eucalyptus, a cloud open source software provider, in a deal that also gains the vendor a highly regarded new head of its cloud business unit.