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Daily Archives: March 19, 2009
Its maker Pure Digital was also capturing the market for a moment in time and has sold more than 2m units to date.
But Pure Digital’s sale today to Cisco may also be a perfectly timed exit for its VC backers – much bigger competitors are bearing down on the startup, looking to copy its success.
- IBM is said to be in talks to acquire rival Sun Microsystems for about $6.5bn, potentially marking a major consolidation in the computer hardware manufacturing industry. The move would boost IBM’s hardware offerings, but the deal could face major regulatory hurdles.
- Oracle reported lower sales and profit for the quarter, but the results beat analyst estimates, sending shares higher. Some watchers were predicting a much worse decline. Oracle announced it would pay its first dividend – 5 cents a share – since the company went public in 1986.