Intel's net income hits US$2.3 billion, which is up 875 percent.

Hewlett-Packard and Microsoft will invest US$250 million over three years on a product integration strategy meant to "significantly simplify" technology deployments for companies of all sizes, they said Wednesday.

Apple plans to buy mobile ad company Quattro Wireless for $275 million, a blog owned by the The Wall Street Journal said Monday, a move that would intensify Apple's growing competition with Google.

Chip designer Broadcom plans to pay US$160.5 million to settle a class action lawsuit over stock option accounting practices commonly called backdating after hundreds of companies were forced to restate earnings a few years ago due to the practice.

The Canadian developer that won a $290 million court judgment against Microsoft will be going over future Microsoft software "extremely carefully" to make sure its patent hasn't been infringed, the chairman of i4i said today.

U.S. authorities are investigating the theft of an estimated tens of millions of dollars from Citibank by hackers partly using Russian software tailored for the attack, according to a news report.

Microsoft plans to buy health-care software maker Sentillion for an undisclosed sum in order to expand its own health-care offerings and capitalize on an upcoming opportunity for new sales.

Gartner announced Monday that it is buying AMR Research for US$64 million, in the latest acquisition by the giant IT research firm. The deal is expected to be completed this month.

Cisco has given shareholders of Norwegian videoconferencing vendor Tandberg about two more days to accept its US$3.4 billion buyout offer.

A French court has fined eBay ?1.7 million (US$2.5 million) for failing to comply with an earlier ruling that required the online retailer to prevent the sale of certain brands of perfume to French consumers on its sites.

Apple has asked a federal judge to shut down Psystar's Mac clone operation and to pay more than $2.1 million in damages, according to court documents.

Ciena will pay US$769 million for the optical networking and carrier Ethernet assets of Nortel Networks' Metro Ethernet Networks business, the two companies said on Monday.

The cash portion of Intel's legal settlement with Advanced Micro Devices (AMD) could shave as much as US$800 million off Intel's net profit in the fourth quarter, according to investment banking firm Credit Suisse.

Hewlett-Packard has agreed to buy 3Com for about US$2.7 billion, pushing forward the giant IT vendor's strategy for combining computing, storage, services and networking under one roof.

Logitech plans to acquire LifeSize Communications, a company that makes HD video communications equipment, for US$405 million in cash, the companies said Tuesday.

Two investment consulting companies laid out objections to Cisco's US$3 billion offer for Norwegian videoconferencing vendor Tandberg on Friday, saying in an open letter to Cisco and a press interview that the bid undervalues Tandberg.

T-Mobile USA has restored voice and data services to users after an eight-hour outage that affected nearly 1.7 million subscribers.

Cisco Systems may be laying the groundwork for dropping its US$3 billion offer for videoconferencing vendor Tandberg despite the emphasis it has placed on video as the future of communications.

U.S. President Barack Obama on Tuesday unveiled US$3.4 billion in grants to update the nation's electrical grid, but the benefits could reach to the broadband sector as well, one community broadband adviser said.

Cisco Tuesday announced its second multibillion dollar deal this month: a definitive agreement to acquire Starent Networks, a provider of IP-based mobile infrastructure for carriers, for about $2.9 billion.