Twitter now worth $1 billion

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At first many shared the same opinions about Twitter, when it launched. Even I asked myself how much more absurd could the idea of modern communication get. However, millions of people around the world...

Intel to invest $7 billion

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Intel has made plans to introduce a two year plan that will help to build advanced manufacturing plants in the US with its nanotechnology. The 32-nanometer chips will help to create faster manufacturing facilities...

Microsoft and Yahoo working on $20 billion deal

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Microsoft is once again in talks with Yahoo to acquire its search business for $20 billion according to reports from The Times. The deal comes after two previously failed Microsoft attempts to take over all...

Facebook hits 10 billion photos

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Facebook has revealed that it has hit a huge milestone, 10 billion photos are stored on the site. Doug Beaver, a Facebook engineer, revealed the statistic yesterday evening on the companys blog. Perhaps more impressive...

Mattrick: Over $1 billion spent on Xbox Live

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Microsoft's Don Mattrick has revealed current sales stats for the Xbox 360 and boasted that the hardware will outsell its bitter rival during this generation. North American sales of the Xbox 360 have reached...

EU fines Microsoft record $1.35 billion

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The European Commission fined Microsoft a record 899 million euros ($1.35 billion) on Wednesday for defying sanctions imposed on the software giant for antitrust violations, far exceeding the original penalty. The Commission, executive arm of...

Chips pass two billion milestone

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The first chip to pack more than two billion transistors has been launched by silicon giant Intel. The quad-core chip, known as Tukwila, is designed for high-end servers rather than personal computers. It operates at...

Bidding reaches $18.55 Billion in U.S. Wireless Auction

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Bidding has reached $18.55 billion in the U.S. Federal Communications Commission's record-setting auction of government-owned wireless airwaves, covering five separate blocks of spectrum in the auction. The FCC is keeping bidders' identities secret until the...

Microsoft offers $44.6 billion for Yahoo

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Microsoft Corp. is offering $44.6 billion in cash and stock for search engine operator Yahoo Inc. in a move to boost its competitive position in the online services market. The unexpected announcement Friday comes as...

Microsoft: $16.37 Billion Revenue in Record-Breaking Q2

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Microsoft Corporation has announced second quarter records for revenue ($16.37 billion, a 30% increase over last year's period), operating income ($6.48 billion, a 87% increase) and diluted earnings per share ($0.50, a 92% increase). During...

Oracle agrees with $7.85 Billion Price for BEA

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Business software maker Oracle Corporation has agreed to buy BEA Systems Incorporated for about $7.85 billion, a compromise price that ends a months-long dispute over the value of the software company. In October, Oracle suggested...

MS offers $1.2 Billion to acquire Fast Search & Transfer

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Microsoft Corporation is offering 6.6 billion NOK (or approximately $1.2 billion USD) for the acquisition of Fast Search & Transfer, a leading provider of enterprise search solutions. FAST's board of directors has unanimously recommended that...

October video game sales top $1.1 billion

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Market research firm NPD is reporting that U.S. sales of video game hardware and software jumped 73% in October to $1.1 billion (compared with $643 million a year earlier). Nintendo's Wii console regained its spot...

IBM to Acquire Cognos for $5 Billion

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IBM Corp. is making its largest acquisition ever, a deal announced Monday to buy Cognos Inc. for $5 billion in cash in hopes of keeping up with rivals in "business intelligence" software. The acquisition would...

Mininova Breaks 3 Billion Downloads Barrier

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Easily one of the most popular publicly available torrent sites, Mininova has over 3 million visitors per day which places them in the list of 100 most visited websites on the Internet. The site has...

US faces $100 Billion Fine for Web Gaming Ban

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Panellists at a trade forum criticised the US government for going back on commitments made to the World Trade Organisation (WTO) in regards to internet gaming. The forum believes that the US could be liable...

Senate adds $1 billion to NASA budget

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The Senate has added $1 billion to NASA's budget as both Democrats and Republicans voted to further break President Bush's budget for domestic programs. The funding was added to a $56 billion measure funding science...

Microsoft Closes $6 billion Buyout of aQuantive

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As part of an online advertising push designed to leapfrog Yahoo and present a serious challenge to Google, Microsoft has just closed a $6 billion deal with digital marketing company aQuantive. As the software industry...

One Billion Mobile Broadband Users by 2012

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The internet is about to become even more ubiquitous, according to analyst firm Juniper Research. In a report released today, analysts predict that nearly one in three mobile subscribers around the world, representing over one...

Microsoft's $1.5 Billion MP3 Fine Dropped

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In a development which Alcatel-Lucent calls "shocking and disturbing" and which Microsoft calls a "victory for consumers," a federal judge in the San Diego District Court has overturned a jury's decision which had ruled that...

iTunes Store Tops Three Billion Songs

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The iTunes Store said Tuesday it had passed a milestone, selling more than 3 billion songs since launching four years ago. The milestone came just six months after iTunes, Apple Inc.'s online music download service,...

Open Source Pulls in $1.8 Billion in 2006

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According to a new IDC study, the growth in adoption of stand-alone open source software reached $1.8 billion in 2006 and will grow 26% annually for the next four years, hitting a total market worth...

Yahoo linked to $1 Billion bid for Bebo

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Yahoo is reportedly preparing a $1 billion takeover bid for social networking site Bebo. The MySpace rival was founded by husband and wife team Michael and Xochi Birch in 2005, and has overtaken MySpace in...

British Online Spending Tops £100 billion

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Total online spending by British shoppers has hit £100 billion, research shows. This figure dates back to April 1995 when e-retail first launched, according to the Interactive Media in Retail Group (IMRG). Britons spent £3.465...

Microsoft to buy aQuantive for $6 billion

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Microsoft has announced plans to acquire aQuantive, a digital marketing services agency, for around $6 billion. Microsoft said aQuantive's 2,600 employees will be incorporated into its online services business, dedicated to growing advertising on the...

Microsoft, Lenovo in $1 billion software deal

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Lenovo Group Limited has signed a deal with Microsoft Corporation to buy Windows, Office and other software suites for its personal computers in a deal worth $1.3 billion. This one succeeds what Lenovo found as...

Internet ad revenue in Canada breaks $1 Billion

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According to the Internet Advertising Bureau of Canada, Internet advertising hit $1.01 billion in Canada for 2006, an 80% increase over the $562 million collected in 2005. The association forecasts that revenues in 2007 will...

Google to buy Doubleclick for $3.1 Billion

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Search engine leader Google has announced it will buy top digital marketing services firm DoubleClick for $3.1 billion from private equity firm Hellman & Friedman, which bought DoubleClick for $1.1 billion in 2005. The deal,...

Verizon Wireless to Spend $6 billion on Network Upgrade

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Verizon Wireless Incorporated will get an increase in coverage and capacity of its existing CDMA2000 (Code Division Multiple Access) EV-DO (Evolution-Data Optimized) Revision A broadband data network through a new three-year contract with Alcatel-Lucent SA...

Cisco serves up $3.2 billion to buy WebEx

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Cisco Systems plans to spend $3.2 billion to buy the online conferencing company WebEx, both companies confirmed Thursday. The WebEx software and hosted service allows for on-demand collaboration between businesses and is to be a...

Oracle spends $3.3 Billion on Hyperion

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With the aim to further undermine rival SAP, Oracle has agreed to acquire enterprise software firm Hyperion Solutions Corporation for $3.3 billion in cash. Hyperion develops enterprise performance management software that helps companies plan, map...

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