Articles by Keith Regan

HP and the Securities and Exchange Commission (SEC) have reached a settlement on charges that HP misled investors by not disclosing that a board member had resigned over the spying tactics used by the former chairman of the board HP agreed to an SEC order that contains no penalties and admits no wrongdoing but contains a pledge that the company wil...

China-based PC maker Lenovo, which altered the personal computer landscape with its purchase of IBM's personal computer line, returned all of its operations worldwide to profitability in the fourth quarter, including the first-ever profit for its U.S.-based business, the company said Lenovo earned US$161 million for the fiscal year that ended March...

XM Satellite Radio fully restored its service Tuesday, the company said, after outages affected an unknown number of subscribers for parts of two days XM believed all service had been restored by early Tuesday afternoon, more than 24 hours after outages were first reported midday Monday. The company did not know how many of its 8 million subscriber...

Tapping deeper into one of the fastest-growing segments of the memory chip market, Intel has joined with STMicroelectronics and a private equity firm to establish a new flash memory company The two chipmakers entered into the agreement to combine existing assets of businesses that last year generated US$3.6 billion in revenue, the companies said Tu...

IBM formally launched its Power6 microprocessor Monday, billing the new chip as the fastest ever built and saying it will enable servers to process data twice as fast while using less electricity The Power6 dual-core processor has a clock speed of 4.7 GHz and offers 8 megabytes of L2 cache -- four times as much as the Power5 family. The chip is als...

Private investors will acquire wireless carrier Alltel in a deal worth around US$27.5 billion, as the private equity buyout trend reaches into the mobile space for the first time Alltel's board of directors agreed over the weekend to be acquired by TPG Capital and Goldman Sachs Capital Partners for $71.50 per share, or about $24.8 billion. The firm...

IBM executives told investors Thursday they see a future where the technology giant grows profits significantly by expanding the amount of income from software sales and by tapping into emerging markets Big Blue expects to boost the total percentage of its net income coming from software to 50 percent from the current 40 percent by 2010, part of a ...

Microsoft announced on Friday it will acquire Web ad firm aQuantive in a deal valued at US$6 billion, marking the latest and largest deal in a merger-and-acquisition frenzy aimed at staking a claim in the converging worlds of traditional and online advertising Microsoft agreed to pay $66.50 per share for the Seattle-based company, a sizable 85 perc...

Interactive marketing firm 24/7 Real Media has agreed to be acquired by UK-based advertising giant WPP Group, continuing the trend of consolidation in the online advertising space London-based WPP will pay US$11.75 per share for 24/7, WPP said, giving the all-cash deal a value of $649 million....

HP's second-quarter sales and profit outpaced Wall Street forecasts, even as profit fell compared to a year ago, the worldwide leader in PC sales said Wednesday The company's profit of US$2.1 billion was 7 percent below 2006 levels, largely because the earlier period included a one-time tax windfall, HP noted. Revenue came in at $25.5 billion, a 13...

New York State Attorney General Andrew Cuomo has filed a lawsuit against Dell, saying the personal computer maker misled consumers with its PC financing offers Dell confirmed the suit on Wednesday, and said it intended to vigorously defend itself against it....

Windows Vista is selling faster than any of its predecessors and exceeding Microsoft's own expectations, Chairman Bill Gates said as he kicked off the annual Windows Hardware Engineering Conference (WinHEC) in Los Angeles on Tuesday One hundred days after Vista launched in January, the latest version of Windows had sold 40 million copies, twice as ...

A former Oracle vice president has settled insider trading charges that he used information gained through his wife -- an assistant to Oracle's swashbuckling, acquisition-hungry CEO Larry Ellison and other company leaders -- to buy and sell stock in companies that Oracle was planning to purchase The Securities and Exchange Commission (SEC) filed it...

Google has become increasingly comfortable with the process of acquiring and integrating large merger-and-acquisitions targets, but intends to focus more on targeted buying of smaller firms, Google CEO Eric Schmidt said during a briefing with reporters ahead of the company's annual shareholders meeting Schmidt seemed to suggest that Google is embar...

Vonage may have found a way to provide its services without using disputed technology that Verizon Communications has patented, Vonage said Thursday, offering hope that the troubled VoIP (Voice over Internet Protocol) provider can get out from under potentially crushing legal obligations to Verizon Jeffrey Citron, Vonage's chairman and interim CEO,...

Microsoft has acquired a minority ownership stake in CareerBuilder.com, extending a partnership between the leading U.S. job search site and its MSN portal, Microsoft said Redmond will acquire a 4 percent ownership stake in the dot-com as part of an agreement that calls for CareerBuilder to deliver job listings to MSN through 2013....

Internet and networking gear maker Cisco Systems posted sharply higher profit for its third quarter, but investors disappointed by the company's outlook sent its stock sharply lower Wednesday Cisco earned US$1.9 billion, or 30 cents a share, up 34 percent when compared to the $1.4 billion the San Jose, Calif., company cleared in the same time frame...

Billionaire investor Carl Icahn has fallen short in his bid to win a seat on the board of directors of sagging handset maker Motorola, with the company announcing that preliminary estimates of votes show all incumbent board members re-elected The results -- which won't be finalized for a few weeks as proxy votes and those cast directly during the s...

Reigning PC king HP's second quarter results will exceed earlier guidance, thanks to strong sales of PCs and enterprise-class servers, the company announced Tuesday. The news sent the company's stock to a six-year high HP's revenue for the quarter will be between US$25.5 billion and $25.55 billion, well above its earlier estimate of $24.5 billion, ...

Marvell Technology Group announced several changes to its leadership after an internal investigation found that stock options grants were routinely backdated, the company announced Monday. The firm indicated that more changes could be on the way Marvell's CFO George Hervey has resigned, the company stated. Meanwhile, cofounder Weili Dai will give u...