Cisco Fits Back in Its Skinny Jeans, Drops $1 Billion in Annual Costs

Cisco hits an important goal of its restructuring one quarter early.
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News Byte

BMC Acquires IT Management Software Player Numara

BMC Software said today it would acquire Numara Software, a privately held company that specializes in IT management software. The move, BMC said, will expand its software-as-a-service offerings into the mid-market. Financial terms of the deal were not disclosed.

Akamai Confirms the Rumors, Nabs Cotendo for $268 Million

Akamai confirms the rumors, and nabs Israeli content-distribution start-up Cotendo, apparently outbidding Juniper in the process.
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Apple Joins the Flash Madness Club With Anobit Deal

Flash memory has some troubles that an Israeli company call Anobit appears to know how to solve. Apple is the world’s biggest consumer of flash memory, so naturally it appears to have consumed Anobit.
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Sprint Wins the Argument, but It’s Still Losing the War

Sprint CEO Dan Hesse has prevailed in his argument that AT&T shouldn’t be allowed to take over T-Mobile. Too bad for him that Sprint is still in a great big mess.
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IBM Acquires Emptoris, Boosting Smarter Commerce Plans

Big Blue aims to make supply chains more efficient with this acquisition. Not sexy — unless you’re the chief procurement officer of a big company and you want to score points with the boss.
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How SuccessFactors Signaled It Was on the Block

Signs that SuccessFactors was looking to be acquired first showed up in company SEC filings in April.
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HP Is Done Shopping for Acquisitions — Or Is It?

CEO Meg Whitman says the days of big M&A deals at Hewlett-Packard are on hold for now. And yet she says there are some companies that look “ready to move.”
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Oracle Grabs RightNow, a Cloud Company in the Big Sky State, for $1.4 Billion

RightNow is based in Bozeman, Mont., which is about as unlikely a place to find a cloud software company as you can imagine. It’s also a pretty nice place.
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Google, Private-Equity Firms Mull Bid for Yahoo

Google has talked to at least two private-equity firms about potentially helping them finance a deal to buy Yahoo Inc.’s core business, according to a person familiar with the matter.