M&A activity has picked up greatly in tech, including in services. Xerox announced the acquisition of outsourcing firm Affiliated Computer Services Inc., and Dell announced its acquisition of Perot Systems. Many believe that such mergers will soon threaten Accenture’s (NASDAQ:ACN) foothold in the services segment. Will it?
Rumors are going around about the possible acquisition of Sprint-Nextel by the parent company of T-Mobile, Deutsche Telekom, which recently merged T-Mobile UK and Orange UK to be the leading UK carrier. Both Sprint and T-Mobile have been losing subscribers due to the intense competition between the iPhone, available on AT&T, and the BlackBerry, available
There’s tremendous momentum in video conferencing right now, and I was sure Cisco was going to acquire either Polycom or Tandberg. Well, this morning, the news is that Cisco is acquiring Tandberg for $3 billion. This of course, puts Polycom in play in a big way, and the likelihood of HP acquiring them just went
The storage industry recently witnessed another bidding war between the top vendor EMC and the No.4 vendor, NetApp (NASDAQ:NTAP), over data de-duplication specialist Data Domain. NetApp had in May announced its plans to acquire Data Domain for $1.5 billion. EMC won the bidding warwith a $2.3 billion offer that is more than seven times Data
On September 23, payroll processing company Paychex (NASDAQ:PAYX) reported its first quarter results. Although there was no improvement in the company’s key indicators, one positive aspect of the results is that this quarter is the first in the past four quarters in which the decline in checks per client has slowed significantly. Intuit recently acquired SaaS
Last week 3Com Corporation (NASDAQ:COMS), which is on my list of top 10 networking stocks, reported a strong fiscal 2010 first quarter that beat estimates and increased its guidance. As per a Dell’Oro Group report, 3Com has for the fourth consecutive quarter increased its market share for enterprise Ethernet switching ports. There are strong signals
It looks to be a season of acquisitions, and one of the latest companies to make a notable addition to its portfolio is chipmaker Atheros. Atheros (NASDAQ:ATHR), with annual revenue of $472 million, is best known for its Wi-Fi chips. It recently announced plans to buy Intellon Corporation (NASDAQ:ITLN), a provider of HomePlug® compatible products,
Last week, Adobe (NASDAQ:ADBE) announced third quarter results and its plans to buy Omniture, the SaaS industry leader in web analytics and online business optimization, for about $1.8 billion. It looks as though Adobe is going towards an enterprise software strategy and steering away from creative professionals, where Apple (NASDAQ:AAPL) looms as a major threat. In that