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US-TECH Summary
Reuters - 37 minutes ago
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BlackBerry to offer India access: govt source
NEW DELHI - BlackBerry maker Research in Motion <RIM.TO> will give the Indian government access to encrypted data from September 1, while the Indian home ministry wants BlackBerry, Google <GOOG.O> and Skype to set up servers in India, a government source familiar with the matter said Monday. India says it wants to fully track and read BlackBerry's secure email and instant messaging services that officials fear could be misused by militants.
3M to buy Cogent for more than $900 million
NEW YORK - Diversified U.S. manufacturer 3M Co <MMM.N> on Monday said it agreed to buy Cogent Inc <COGT.O> for more than $900 million, paying a nearly 18 percent premium for the biometric identification systems company. 3M said it would pay $10.50 a share to buy Cogent, whose shares jumped 19.8 percent to $10.68 in early trading, suggesting the market considers a rival bid possible. 3M shares were down 40 cents at $80.60.
Intel to buy Infineon's mobile unit for $1.4 billion
FRANKFURT - Intel will buy German chipmaker Infineon's wireless unit for $1.4 billion, enabling the U.S. chipmaker to boost its presence in the smartphone market. The cash transaction is expected to close in the first quarter of 2011 and the mobile unit will remain as a standalone business, the companies said in a statement on Monday.
Google acquires social networking startup Angstro
SAN FRANCISCO - Google Inc <GOOG.O> has acquired Angstro, a startup that sorts news and information across social networks like Facebook, a spokesman for the leading Web search provider said on Sunday. Palo Alto-based Angstro has developed applications to find photos on Facebook, combine Caller ID with LinkedIn profiles and other tools for Twitter, according to the company's website.
Online video key to Disney, Time Warner Cable row
NEW YORK/LOS ANGELES - The growing availability of popular TV shows on the Web is at the heart of ongoing contentious programing fee negotiations between Walt Disney Co <DIS.N> and Time Warner Cable Inc <TWC.N>, according to a person familiar with the discussions. If the agreements are not in place before midnight on Wednesday, millions of homes in major cities like New York and Los Angeles could see their local ABC broadcast, ESPN channels and some Disney channels go dark.
Dell says assessing 3PAR offer after HP trumps bid
NEW YORK - Dell Inc said on Sunday it was assessing its bid for 3PAR Inc <PAR.N> after the data storage company's board of directors late on Friday said Hewlett-Packard Co's <HPQ.N> $2 billion offer was a "superior proposal." The Fremont-California based 3PAR had also notified Dell Inc <DELL.O> of its intention of terminating its merger agreement. Dell has three business days to match HP's offer under its merger agreement with 3PAR.
Iraq says sale of donated U.S. computers legal
BAGHDAD - Computer equipment worth $1.9 million which the U.S. military says was a gift for Iraqi schoolchildren but was auctioned off for less than $50,000 was sold legally, Iraq's customs authority said Sunday. The U.S. military said Friday $1.9 million worth of computer shipment bought by the U.S. government, which should have gone to schools in the southern province of Babil, was auctioned by a senior Iraqi official for less than $50,000 at Iraq's main port Umm Qasr.
Nokia, Siemens confirm NSN investment talks: report
LONDON , the Financial Times said on its website on Sunday. Company executives told the newspaper that both partners were committed to completing a turnaround before considering their options after their joint venture ends in 2013.
Paul Allen's firm sues Silicon Valley giants
SAN FRANCISCO - A company linked to Microsoft Corp <MSFT.O> co-founder Paul Allen is suing 11 major corporations, including Apple <AAPL.O>, Google <GOOG.O> and Facebook, accusing them of infringing on technology patents. Interval Licensing is asserting four patents against a cluster of defendants, including also AOL <AOL.N>, eBay <EBAY.O>, Facebook, Netflix <NFLX.O>, Office Depot <ODP.N>, OfficeMax <OMX.N>, Staples <SPLS.O>, Yahoo <YHOO.O> and Google's YouTube, according to the suit.
RIM looks forward as India, other challenges loom
TORONTO - Research In Motion <RIM.TO>, its global growth and its secure-email niche challenged by both rivals and governments, is preparing for a long fight it may yet lose on a shifting battlefield. The Canadian company's BlackBerry smartphone was once a byword for safe corporate communication.
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US-TECH Summary Reuters - 37 minutes ago
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