Thursday, June 4, 2009Broadcom Extends Offer To Emulex ShareholdersIrvine-based Broadcom said Thursday that it will extend its tender offer to acquire all of the outstanding common shares of common stock of Emulex by two weeks, after the firm failed to get enough interest. According to Broadcom, it will extend its offer until 11:59pm on June 17th, saying in a statement that it believes its $9.25 per share offer is the "full and fair price" for Emulex. Broadcom launched its hostile bid for Emulex in April; Emulex rejected the offer, saying it "significantly unde (More info...)
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iolo Turns Eyes To SMB MarketLos Angeles-based iolo technologies, best known for its consumer System Mechanic software for optimizing PC settings, said Thursday that the firm is launching into the small business market with a new version of its product. iolo said its new product, System Mechanic Business, will be offered in bundles of 10, 25, 50, 75, or 100 PC licenses, and sold via its channel and through its own site. The firm said that the software will help those businesses keep their PCs running in "optimal condition," (More info...)
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Central Desktop Taps Into AkamaiPasadena-based Central Desktop, an online software-as-a-service site offering online project management software, said Thursday that the firm is tapping Akamai to improve its offering. According to Central Desktop, it is using Akamai's service specifically to scale and improve performance of its software-as-a-service offering. Central Desktop's project management tools compete against such software as Microsoft's SharePoint portal; the firm offers its products on a monthly subscription basis.
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Qualcomm, Sun Port Java To SnapdragonSan Diego-based Qualcomm and Sun Microsystems announced today that the two are in an effort to port the popular Java programming language to Qualcomm's Snapdragon ARM processor. According to the two firms, Sun has ported its Java Platform Standard Edition 6( Java SE 6) to machines running on Qualcomm's processor. Qualcomm is developing its ARM chipset for netbooks and smart phones; the firm has yet to ship devices using the new processor, but has been demonstrating design wins with OEMs, includi (More info...)
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Passenger Gets Win With NYSE EuronextLos Angeles-based Passenger, which develops online communities for brands, said Thursday that the firm is powering a new private online community for NYSE Euronext (NYX). Passenger said that the community is for investor relations executives of NYSE-listed companies. Financial impact of the win was not disclosed. According to Passenger, the new community will provide NYSE information and economic reports, live chats, surveys, and blogs, and will allow IR professionals to share ideas and other op (More info...)
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United Online Rolls Out New Dialup PlanWoodland Hills-based United Online is continuing to squeeze as many profits and customers out of its declining dial-up Internet access business as it can, saying this morning that its NetZero division has launched a new, toll free dialup plan targeted at people who do not have local connection numbers to connect to the Internet. NetZero said the firm targets the five percent of the United States where there are very limited options for local dial-up Internet service. The company said the new tol (More info...)
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DIRECTV Loses CEO To News Corp.El Segundo-based satellite entertainment firm DIRECTV has lost its President and CEO, Chase Carey, to News Corporation, the firm said Wednesday, as Carey returned to News Corp. to work for Rupert Murdoch. Carey had joined DIRECTV in 2003 from News Corp. According to DIRECTV, the firm's board has formed a committee of directors to find a new President and Chief Executive Officer. Larry Hunter, the firm's Executive Vice President of Legal, HR, and Administration, has been appointed interim CEO of (More info...)
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Verimatrix Deploys In MexicoSan Diego-based Verimatrix reported this week that the firm is deploying its content security technology in Mexico, as part of an install at cable operator Cablemas. According to Verimatrix, its products are being used as part of a enhanced digital cable service, over an advanced DVB-C/IP/DOCSIS network. Size of the deployment, and financial impact, was not announced by the company. Verimatrix develops technology used to prevent copying of video content through pay TV services.
posted on Thursday, June 4, 2009(Full story)