IBM’s Low-end Server Business Acquired For $2.3 Billion

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Lenovo has finally acquired IBM’s low-end server business, after a deal spanning over a year has finally come to a close. The final acquisition price came to $2.3 billion, making it the largest tech server acquisition by a Chinese company. IBM has been trying to shift its x86 server business for a few years now,

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Cloud Computing May Open Up Firms To Hundreds Of Millions In Fines

Cloud Computing May Open Up Firms To Hundreds Of Millions In Fines Under EU Laws One of the major attractions of cloud computing is its universal accessibility; in essence, it is computing without borders. However, the world is divided into distinct countries, and with that come different rules and regulations. Consequently, this can and does

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Cloud Computing firm Salesforce.com is taking steps to broaden its operations in Japan

Oct 5 (Reuters) – U.S.-based cloud computing firm Salesforce.com (CRM.N) is taking steps to broaden its operations in Japan, the Nikkei business daily reported. Salesforce.com plans to set up its first Japanese data center and buy more than 5 percent stake in software developer Synergy Marketing Inc (3859.OJ) for 100-200 million yen ($1.20-$2.40 million) in

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Cloud Computing Firm NetApp Explores the Possibilities at VMworld 2010

Cloud Computing Firm NetApp Explores the Possibilities at VMworld 2010 SUNNYVALE, CA–(Marketwire – August 18, 2010) –   NetApp (NASDAQ: NTAP) executives will discuss the hottest trends in infrastructure transformation, cloud computing, and virtualization at VMworld® 2010 San Francisco. Manish Goel, executive vice president of Product Operations; Jay Kidd, senior vice president of Product Strategy and

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Cloud Computing Firm VMware Reports Second Quarter 2010 Results Revenue Growth of 48%

PALO ALTO, CA, Jul 20, 2010 (MARKETWIRE via COMTEX) — VMware, Inc. (VMW 72.42, -0.93, -1.27%) , the global leader in virtualization solutions from the desktop through the datacenter to the cloud, today announced financial results for the second quarter 2010: Revenues for the second quarter were $674 million, an increase of 48% from the

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