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AMD shares jump at birth of The Foundry Company

AMD shares rose more than 18 per cent on Wall Street this morning, following confirmation from the struggling chip maker that it will spin off its manufacturing operations and build a wafer fab in conjunction with its money-spinning bedfellow, the Advanced Technology Investment Company (ATIC). As we reported earlier, ATIC will …
Kelly Fiveash, 7 Oct 2008
The Register breaking news

BT watchdog joins BT

Sean Williams, a former senior Ofcom regulator who ran the process that created Openreach and stopped short of breaking BT's power over the telecoms industry, has been hired by, er, BT. The firm announced on Thursday that Williams had been made "Managing Director, Retail Strategy, with responsibility for BT Retail strategy and …
IBM

IBM throws arms around ILOG

IBM is buying French software maker ILOG for €215m ($340m). The tech giant said today the deal is part of IBM’s strategy to beef up business process management and service-oriented architecture technologies. The offer price represents a premium of about 56 per cent compared with ILOG’s one month average closing share price …
Kelly Fiveash, 28 Jul 2008
The Register breaking news

Swedish customs pull Frenchman with two asses

A wandering Frenchman came to rue the day he ever attempted to get his two asses into Sweden, after customs officials demanded a veterinary examination of the pair costing €250, the Local reports. For reasons not entirely explained, Jacques Abdelaziz from Brittany has spent the last two months travelling Europe with a couple …
Lester Haines, 1 Jul 2008

RM boss says school's out forever

RM yesterday announced that its head teacher honcho has resigned after more than 25 years with the computer supplier. The firm, which specialises in software, services and systems for the UK education market, said that chief executive Tim Pearson will step down from his role to be replaced by current group managing director …
Kelly Fiveash, 10 Jun 2008
The Register breaking news

Icahn spews green ink at Yahoo!

Carl Icahn has written an open letter in reply to Yahoo!'s latest press release on his attempted hostile takeover of the company. And it looks a bit like one of our "Flame of the Week" emails . Or like a dipsomaniac shouting at the bins in a neglected alleyway. The letter, addressed to Yahoo!'s chairman Roy Bostock, begins by …
John Oates, 9 Jun 2008
The Register breaking news

Yahoo!'s latest letter warns of letters

Yahoo!'s chief executive, Jerry Yang, has written to his fellow yahoos telling them what to expect from the forthcoming proxy contest over the company's board of directors. The email went to all Yahoo! staff and was filed with the Securities and Exchange Commission. It first explains what a proxy contest is - when a …
John Oates, 9 Jun 2008

Infineon boss heads for door

The chief executive of Infineon, Dr Wolfgang Ziebart, has resigned from the company because of an inability to agree strategy with the company's board of directors. Infineon's chairman Max Dietrich Kley thanked Ziebart for his work. Kley said: "We would like to thank Mr. Ziebart for his efforts and merits. He took over the …
John Oates, 27 May 2008
Pound Sterling

Stone catches fallen Rock

Stone Group, reseller to the public sector, has bought high-end laptop maker Rock Group which went into administration earlier this month. Staffs-based Stone will keep the Rock brand and its focus on high-end laptops and games machines. Stone will hope to sell more of these machines to its traditional public sector customers. …
John Oates, 21 May 2008
The Register breaking news

Yahoo! strikes back at Icahn

Roy Bostock, chairman of Yahoo!, has wasted no time in responding to Carl Icahn's attempt to seize control of the company's board. In an open letter Bostock disputes Icahn's claim that Yahoo!'s board has ignored its duties to maximise shareholder value. He also reminds Icahn that Microsoft has publicly said it has "moved on …
John Oates, 16 May 2008
The Register breaking news

Yahoo! faces battle for the board

Yahoo! might not have escaped the clutches of Microsoft after all. Activist investor Carl Icahn has confirmed he will fight to take over Yahoo!'s board of directors in order to force through a takeover by Microsoft. Icahn, who succeeded in getting board seats at Motorola, today named the ten people he would like to see …
John Oates, 15 May 2008
The Register breaking news

Microhoo! what's! going! on?

Microsoft is laying aside $1.5bn to keep Yahoo! staff happy and at their desks should the takeover go through. The cash was revealed in court documents from last month. The figure comes from a transcript of a hearing held on 24 March (available here). But lawyers noted that the figure for staff retention could also include the …
John Oates, 30 Apr 2008

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