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Sony shares have moved up recently on rumors that the company might be bought by Apple. Apple could easily afford the deal. It has over $50 billion of cash on its balance sheet, and a market cap of $282 billion. Sony’s market value is less than $34 billion. Apple could easily afford the deal as [...]
InteI and Infineon Deal Reported at the End of the Week : U.S. chipmaker Intel and Infineon are likely to announce an agreement on the future of the German chipmaker’s wireless business this weekend, three people familiar with the matter said. The deal is likely to happen within the next two days, the people told [...]
Intel-Infineon Deal to Gives Intel a Start in Smartphone Processor Market : According to a Bloomberg report, Intel is closing in on a deal to acquire the wireless unit of Infineon AG. You know, the company responsible for the iPhone’s baseband chips since 1997. That’s one way to build a mobile presence. Citing unnamed people [...]
Intel Plans to Buy Infineon Technologies Wireless Division : Intel, the world’s largest chip-maker, is close to an agreement to buy Infineon Technologies’s wireless business, three people with direct knowledge of the discussions said. Citing unnamed people close to the negotiations, Bloomberg and the Wall Street Journal both reported Aug. 26 that negotiations between Intel [...]
The wealthiest men of the world are coming together in a charitable way. Over 30 billionaires have decided to give at least 50 percent of their fortune to charities. Bill Gates and Warren Buffett have convinced 34 more billionaires to sign onto their “Giving Pledge” initiative, promising to give away at least half their money [...]
Xerox Corp.’s profit jumped 62%, topping expectations, as small- and mid-sized businesses continued to show renewed interest in spending. The printer-and-copier maker, which earlier this year branched out into technology services, also raised its 2010 per-share earnings forecast to between 88 cents and 92 cents from 85 cents and predicted a third-quarter, per-share profit of [...]
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