Daily Archives: March 19, 2009

The US video game industry continues to lead a charmed life through the recession, with February sales figures released on Thursday showing a 10 per cent year-on-year rise.

The NPD research firm reported total sales of $1.47bn, up from $1.34bn a year ago, with hardware, software and accessories benefiting in fairly equal proportions. Read more

The Flip video camera became a best-seller in the US last Christmas as a cheap, dead simple device for capturing video and uploading it to a computer or the web.

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. Read more

  • 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.

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