Colin C. Haley

Intel will invest more than $1 billion in India over the next five years to increase its presence in a country that continues to evolve into an economic powerhouse. The plan was announced by Intel Chairman Craig Barrett. “We will grow our local operations, boost venture-capital investments and work closely with the government, industry and […]

Cisco will provide networking equipment under a Department of Defense (DoD) contract that ranks as the largest single voice and video conferencing project in the federal government. The award flows through defense contractor Northrop Grumman, which assembled a team of companies to build network hubs supporting military operations worldwide. Cisco’s IP Video Conferencing 3540 Multipoint […]

Continuing a string of small but strategic acquisitions, Cisco Systems will pay $12.5 million in cash for Nemo Systems. Nemo will allow Cisco to add memory space and enhance the performance of its core switching platform and service modules. For enterprise customers, that means it will be easier to scale their systems and reduce overall […]

Making its second major acquisition in as many months, E*Trade today said it will pay $1.6 billion in cash for J.P. Morgan’s BrownCo online trading unit. The deal will give E*Trade 200,000 new well-heeled customers who carry an average balance of more than $145,000 – second highest in the industry, E*Trade said. ”BrownCo is a […]

India will have the fastest-growing electronics manufacturing industry in the world over the next several years, according to a new IT research report. In-Stat expects the South Asian country’s industry output to grow from $11.5 billion last year to $40 billion in 2010. That’s still well below China, which pumped out $272 billion worth of […]

Nortel Networks board members faced scathing criticism from shareholders today for failing to detect the accounting irregularities that sent the telecom equipment maker into a tailspin. ”So the board was not aware of anything? What [kind of] organization is this?” a shareholder asked at today’s annual meeting. ”We were in total darkness when this company’s […]

Further extending its reach from PC to cell phone, Yahoo said a downloadable e-mail client is now available on Sprint devices. Yahoo Mail for Mobile, which works through a PC-like interface, costs $2.99 per month and can be accessed from six phones, including Vision Multimedia handsets from Sanyo and Treo devices from palmOne. It also […]

Business software giant Oracle is reportedly in talks to buy customer relationship management applications maker Siebel Systems . High-level talks have been under way for the last week for a deal that could be valued at $5 billion, The Daily Deal reported this morning. The news organization cited people close to the companies and industry […]

Nortel is shuffling its IT department. The network equipment giant has named former Cisco executive Gary Kunis as CTO. During the 1980s, Kunis led developments related to IP standards and routing technology. He left Cisco in 2002. “Since leaving Cisco, Kunis has been a private investor in biotech companies and has been providing advice to […]

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