While the television images showed Black Friday shoppers in the customary frenzy that has become almost traditional for the day after Thanksgiving, it remains to be seen whether Americans are really ready to believe that the recession is over. ShopperTrak, which compiles retail data, reported that retail sales for Black Friday were a mere 0.3 [...]
Gurinder Osan/Associated Press Joe Tucci, EMC’s chief executive, is seeking to become a larger player in “big data.” With EMC’s $2.25 billion purchase of Isilon Systems on Monday, yet another data storage company has fallen into the eager hands of a larger rival. Over the last two years, the data storage market has been defined [...]
I.B.M. on Monday agreed to buy Netezza, a Massachusetts data warehouse company, for $1.7 billion in cash. The deal values Netezza at $27 a share, a 9.8 percent premium to its closing price on Friday. According to the companies’ statement, “Netezza will expand I.B.M.’s business analytics initiatives to help clients gain faster insights into their [...]
Data storage used to be one of the more mundane corners of the technology industry. Now it is where an increasing number of tech companies — and Wall Street — want to be, Ashlee Vance reports in The New York Times. On Monday, Hewlett-Packard, the world’s largest technology company, started a bidding war against its [...]
Dell said Monday that it has agreed to buy 3PAR, a data storage company, for about $1.15 billion in cash, as the computer giant races to expand beyond its core P.C.-making business. Under the terms of the deal, Dell will pay $18 a share in cash through a tender offer, an 86.5 percent premium over [...]
Just a week after announcing it had reached 500 million users, Facebook defended its privacy controls amid concerns that it was selling private information to third parties without their consent. “Facebook never sells data to third parties or advertisers,” the company’s chief technology officer, Bret Taylor, told members of Congress on Tuesday. Appearing before a [...]
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