May 19, 2005
Next week, EMC Corp. is expected to unveil its much-anticipated storage router, Invista, a hardware and software package designed to optimize use of storage resources. Invista goes up against IBM Corps SAN Volume Controller, and Hitachi Ltds Lightning TagmaStore and will be the first application to fully exploit Brocades Rhapsody-inspired smart switch.
Built on a dual-node server cluster Invista connects to a Fibre Channel switch within a storage-area network (SAN) and will be able to present arrays on a heterogeneous SAN to application servers as if from a single pool of capacity, said Mark Lewis, chief development officer at EMC.
|
May 17, 2005
The presidents of Sony Corp., Matsushita Electric Industrial Co. and Toshiba Corp. will meet as early as this week to try and hammer out an agreement on a unified format for next-generation DVD technology, a source close to the matter said on Tuesday.
Sony and Toshiba, heading rival groups, have waged a three-year war to have their new technology standards adopted by the industry and gain pole position in the multi-billion-dollar markets for DVD players, PC drives and optical discs reports Reuters.
|
May 11, 2005
Eastman Kodak Co., said Wednesday it will replace its chief executive, Daniel Carp, with its No. 2 executive, Antonio Perez. The world's largest film manufacturer said Carp, who has been CEO since January 2000, will step down from the top post on June 1 and will retire as chairman at the end of the year. Perez also will succeed him as chairman next Jan. 1.
|
Dulles-based America Online, under pressure to increase subscribers is offering a beta version of a free e-mail service to anyone with Internet access.
"Our vision," said AIM vice president Chamath Palihapitiya, "is to make AIM a complete communications service."
|
May 7, 2005
IBM plans to cut between 10,000 and 13,000 jobs, or about 3 percent to 4 percent of its global workforce, and a company official said as much as three-quarters of the job cuts will fall in Europe, with Germany, Britain, Italy and France. IBM will take a charge of $1.3 billion to $1.7 billion in the current quarter to pay for severance packages and other payments to the laid-off workers.
|
May 3, 2005
Cisco Systems Inc., the largest maker of routers and other communications gear for directing Internet traffic, is preparing to unveil on Tuesday its latest network security products, a suite of devices that unify multiple security functions onto a single platform to help companies simplify network management and trim costs. Cisco is looking to gain ground in the network security products market.
|
The Three-month bidding war for long-distance provider MCI ended Monday as Qwest dropped out after MCI agreed to an $8.54 billion deal with Verizon and rejected a higher-priced offer from Qwest for the fourth time. The deal with Verizon pays shareholders $1.3 billion less than what Qwest had offered.
|
May 2, 2005
"It is no longer in the best interests of shareowners, customers and employees to continue in a process that seems to be permanently skewed against Qwest," the Denver-based company said in a statement. "We pursued MCI with tenacity and discipline and feel strongly that our bid would have brought far more value to MCI shareholders."
|
Lenovo Group has completed its $1.25 billion acquisition of IBM's personal computing division, making the Chinese vendor the world's third largest PC maker behind Dell and Hewlett-Packard. Lenovo chairman Yuanqing Yang said the deal "marks a new era for the global PC industry" and promised to deliver "high-quality products and world-class service."
|
|
