The Register® — Biting the hand that feeds IT

Shiva locked with Shiva shareholders in class action

Shareholders say Shiva breached fiduciaries

Free whitepaper – Total cost of ownership of Dell, HP and IBM blade solutions

Shiva today named its directors as defendants in an action that threatens to wreck its proposed acquisition by Intel. The class action claim, brought by Shiva’s shareholders, alleges breach of fiduciary duties in connection with the chip maker’s planned buyout. It seeks injunctive relief and unspecified damages. The action against the US remote access provider was filed in state court in Massachusetts on November 13. The Intel stock transaction to buy Shiva is valued at around $185 million and gives Intel access to Virtual Private Network (VPN) technology Mark Christensen, Intel Network Products Division general manager, formerly said the company had engaged Shiva because for its “talented people.” Maybe they could prove a bit too “talented” for the Great Stan of chips. ®

Free whitepaper – Migrating to the new Dell Management Console

Don’t Miss

DustbinDirty, dirty PCs: The X-rated picture guide

Ventblockers Horror beyond human imagination

SC09Top 500 supers - rise of the Linux quad-cores

SC09 Jaguar munches Roadrunner

Ubuntu teaser Early adopters bloodied by Ubuntu's Karmic Koala

Smooth Windows upgrade it ain't

Sign up, sign up for The Register IT security newsletter

Narrowcasting for the email classes