Nov 24- EMC Corp, in a bid to boost shareholder support for its sale to Dell Inc, will retain a majority stake in Virtustream and abandon a plan to place the loss-making cloud services provider in a joint venture with VMware Inc, people familiar with the matter said. The move is aimed at lifting VMware's shares, which have lost about a quarter of their value since...» Read More
Adobe Systems said on Monday it will replace Chief Executive Bruce Chizen with Chief Operating Officer Shantanu Narayen, a surprising move that sent the software maker's shares down 3 percent.
Chalk one up for Intel Corp. The world's largest chipmaker is out to get bigger by getting smaller, thanks to the release today of its new "Penryn" family of microprocessors. These are the first to rely on a material called Hafnium, instead of the tried-and-true silicon that gave Silicon Valley its name
IBM said Monday it plans to buy Cognos for $5 billion in cash, a deal that could help it keep pace with rivals in "business intelligence" software
After Marc Andreessen, the Netscape and Opsware co-founder, posted some new media advice for his old media counterparts in Hollywood on his blog, his thoughts sent tongues wagging. I blogged about this Friday.
You hear it? That strange hissing noise? Sssssssssssss. It's coming from the tech sector. What a mess. A lot of me says you knew this just had to happen, that some of the air had to come out of some of these shares. But this much?
Microsoft said it fired its chief information officer for "violating company policies" but didn't provide details.
This year's best-performing stocks have the best-looking balance sheets, punctuating investors' diminished appetite for risk-taking in the wake of the credit and housing-market turmoil.
Another big day for Google and its shareholders, thanks to Sanford C. Bernstein and its new $850 target on the stock. This of course comes a week after David Garrity at Dinosaur Research unleashed a $985 target.
Business software maker BEA Systems said it would provide confidential information to shareholder Carl Icahn explaining why it rejected a $17-per-share takeover bid from Oracle.
Could it be a "black-and-blue" Friday for Blu-ray? There are rumblings about a big announcement coming from Wal-Mart that could give a big boost to HD-DVD. I'm hearing that the company will begin selling the Toshiba HD-A2 for $98 in a special one-day, in-store secret sale. The unit sells for $198 at Circuit City and Amazon, so this is a steep discount.
As high drama grips the software industry, with investors watching every detail of Oracle's hostile bid for BEA Systems, there's another drama shaping up behind the scenes involving Oracle CEO Larry Ellison. While he makes headlines for what he's trying to buy, you might be even more interested in what he's trying to sell. His stock. Selling lots of it. Daily.
Just an update on the blog I brought you earlier in the week about Larry Ellison and his recent sales activity in Oracle shares. His breathtaking share-dumps are apparently continuing with 1 million more shares sold today.
Google cracked $700 a share this morning, just three weeks after surpassing $600 for the first time. Sure, as Google becomes more valuable, these $100 milestones will get easier to achieve, but you can't discount a 16% move by a company worth over $200 billion in under a month. It's significa
You gotta hand it to the folks over at Goldman Sachs, but particularly Brent Bracelin at Pacific Crest Securities who issued a note on Oct. 8, raising his estimates on Dell and singing the company's praises as it emerges from a financial purgatory gripping the company for more than a year.
Walgreen plans to put kiosks that can make DVDs of popular movies in drugstore photo departments next year, using a new system that would increase selection while avoiding piracy.
Microsoft shares soared to a six-year high Friday, after issuing a muscular first-quarter earnings report and raising its full-year earnings guidance the day before.
Microsoft posted a rise in quarterly profit, boosted by healthy demand for personal computers loaded with its Windows operating system and strong sales of its "Halo 3" video game.
It's not often I do a double-take when I read a financial earnings report, but I had to make sure I was looking at Microsoft's numbers and not some other company's. The company beats by 6 cents a share; 45 cents instead of the 39 cents the Street was expecting.
Singer-guitarist Walter de Castro couldn't believe his luck when he found out his band's song "The Core" would be featured on "FIFA 2008," the Electronic Arts popular soccer game.
Microsoft has momentum as its friend when it comes to the game console business. Finally. Halo 3 has been like a magic elixir for Xbox 360, by some measures tripling console sales in the wake of the title's release, and for the first time, Microsoft beat sales of Nintendo's Wii during the month of September, selling an average of 105,600 units a week last month.
Matt Hunter is the senior technology editor at CNBC.com.
Ari Levy is CNBC.com's senior technology reporter in San Francisco.
Harriet Taylor is a CNBC.com technology reporter based in San Francisco. She covers Apple, Uber and the sharing economy, cyber security and emerging Silicon Valley trends.
Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.
Jon Fortt is an on-air editor. He covers the companies, start-ups, and trends that are driving innovation in the industry.
Josh Lipton is CNBC's technology correspondent, working from CNBC's Silicon Valley bureau.