Germany's Software AG offers €15 in cash for each remaining IDS Scheer shareAugust 17th, 2009 Software AG offers to buy remaining Scheer sharesFRANKFURT — Germany's Software AG said Monday it was offering euro15 ($21.15) a share in cash for all the outstanding stock of fellow software company IDS Scheer AG after announcing in July it intended to acquire the company. Darmstadt-based Software AG said in a statement the offer would start Monday and run until September 18.
Germany's Software AG hopes to merge with IDS Scheer in euro477 million offer for Scheer sharesJuly 14th, 2009 Software AG hopes to merge with IDS ScheerFRANKFURT — Germany's Software AG said Tuesday the company hoped to acquire 100 percent of fellow software company IDS Scheer AG in a bid to increase its presence and global competitiveness. Darmstadt-based Software AG said it would likely spend euro477 million ($668 million) for all outstanding shares of Saarbruecken-based IDS Scheer at about euro15 a share, and that it had already had a commitment from the company's two main owners for the 48 percent of the share capital those two individuals hold.
Offer from Russian investor puts value of at least $6.5 billion on FacebookJuly 13th, 2009 Offer puts value of at least $6.5B on FacebookNEW YORK — How much is Facebook worth? A Russian investment firm appears to put it at $6.5 billion to $10 billion. The investment group, Digital Sky Technologies, said Monday it will buy up to $100 million worth of Facebook shares from current and former employees.
Swiss pick Persian Gulf port Ras al-Khaimah for America's Cup showdownAugust 5th, 2009 Swiss pick UAE's Ras al-Khaimah for America's CupDefending America's Cup champion Alinghi of Switzerland has chosen the Persian Gulf port of Ras al-Khaimah, United Arab Emirates, for its best-of-3 showdown against bitter American rival BMW Oracle Racing. In a news release obtained by The Associated Press, Alinghi officials said they chose the little-known city-state for its "perfect weather and great sailing conditions." The Swiss planned a formal announcement later Wednesday morning.
Swiss let the cat out of the bag: Alinghi will defend America's Cup in 90-foot catamaranJuly 4th, 2009 Swiss unveil giant catamaran for Cup defenseAlinghi of Switzerland has confirmed it will use a giant catamaran when it defends the America's Cup against bitter U.S. rival BMW Oracle Racing early next year.
Can you hear me now? New computer virus could let criminals and spies eavesdrop on Skype callsSeptember 2nd, 2009 Wiretapping Skype calls: virus eavesdrops on VoIPSAN FRANCISCO — Some computer viruses have a crude but scary ability to spy on people by logging every keystroke they type. Now hackers and potentially law enforcement have another weapon: a virus that can eavesdrop on voice conversations that go over computers instead of a regular phone line.
Bill Gates is the world's richest man againMarch 12th, 2009 NEW YORK - Forbes magazine study has revealed that Microsoft Corporation co-founder Bill Gates has reclaimed the title of the richest man in the world, with a total net worth of 40 billion dollars. According to Fox News, the magazine found 793 billionaires in 2009, which was down by 30 percent from a year earlier.
A chronology of events leading to Microsoft and Yahoo's Web advertising dealJuly 29th, 2009 Timeline: Microsoft, Yahoo's road to partnershipA chronology of key events leading to Microsoft Corp.'s deal with rival Yahoo Inc.:
Feb. 1, 2008: After more than two years of talks and speculation, Microsoft makes unsolicited offer to buy Yahoo for $31 per share, or $44.6 billion.
Spying case the latest twist in bitter America's Cup court caseMay 12th, 2009 Alinghi reveals America's Cup spying caseAmerica's Cup champion Alinghi has released a French police document in which an employee of rival BMW Oracle Racing admits gathering information about the boat the Swiss are secretly building for a rare head-to-head showdown. Alinghi says French and Swiss police continue to investigate the actions of Jean Antoine Bonnaveau, who identifies himself as a member of BMW Oracle Racing's design team.
NY Court says, enough talks, now play and prove your superiority in America's cupMay 14th, 2009 Court orders America's Cup showdown in February
NEW YORK — A New York judge on Thursday ordered America's Cup champion Alinghi of Switzerland to face American challenger BMW Oracle Racing in a rare one-on-one showdown in February. Justice Shirley Werner Kornreich of the Supreme Court of the State of New York also ruled that BMW Oracle Racing needed to promptly submit a measurement certificate for its 90-foot trimaran.
Germany's Software AG sees 2nd quarter net profit rise by 7 percentJuly 22nd, 2009 Software AG 2Q net profit up 7 percentFRANKFURT — Germany's Software AG said Wednesday that its second quarter net profit rose 7 percent on a strong improvement in revenue from licenses and maintenance. The Darmstadt-based company reported a net profit of euro29 million ($41 million) in the April-June period, compared with euro27 million a year earlier.
Userful and ThinNetworks Announces World’s Largest Virtual Desktop DeploymentFebruary 20th, 2009 Userful Multiplier has been much talked about for its innovation that could virtually turn 1 ordinary PC into 10. This time the company has joined hands with ThinNetworks to supply 356,800 virtualized desktops to schools in all of Brazil's 5,560 municipalities.
Google Announces Google Desktop Gadget ContestJune 28th, 2006 Google announces Google Desktop Gadget contest, with $8,000 in cash prizes. You can use Google Desktop Gadget Designer, a new developer tool for creating, maintaining and debugging gadgets faster than before.
Film production firm to bid for IPL team franchise (Business capsule)September 1st, 2009 NEW DELHI - Film and television software production house K Sera Sera Tuesday said its board has approved the investment of surplus funds in buying the franchise of an Indian Premier League (IPL) team. "The board has constituted a committee headed by Sanjay Lai, the Managing Director of the Company and authorized him, to take all the necessary decision, actions pertaining to the IPL investment,", the company said in a regulatory statement.
Software maker Retalix plans to sell stake; founder who is CEO to retire at year's endSeptember 3rd, 2009 Investor group to take 20 percent stake in RetalixRA'ANANA, Israel — Software maker Retalix Ltd. said Thursday it will sell a 20 percent stake in the company to a group of investors.