A proposal on the agenda of Symantec’s Sept. 23 annual meeting calls for lowering the threshold of how much an investor owns of the company’s stock in order to have the right to call for a special meeting. Rather than listing the name of the stockholder putting forth the proposal, along with the number of Read the rest of this entry »
Infinera, the Sunnyvale supplier of digital optical networking gear to telecommunications providers, got some bad news Wednesday from one of its biggest customers. Level 3 Communications told Infinera Wednesday that it will start using another vendor of Read the rest of this entry »
Xtent, the Menlo Park development-stage medical device company that postponed a special shareholder meeting earlier this month at which it was to seek permission to liquidate its assets in order to give itself more time to discuss possible deals with interested parties, has evidently not made much progress in coming up with a deal.
The meeting, which was pushed Read the rest of this entry »
Shares of VirnetX, the developer of Internet-calling and instant messaging software that sued Microsoft in 2007 claiming the software giant infringed three of its patents, doubled in value today after the Scotts Valley company reported that the federal court hearing the suit had issued a “Markman” order that adopted interpretations of the patent claim language that it Read the rest of this entry »
Google VP Marissa Mayer was speaking on a panel: “The Growing Pains on Innovation” at the AlwaysOn Summit at Stanford. The moderator asked each panelist for their thoughts on why the aren’t more women leaders in technology.
In the burgeoning universe of pink-slip events, here’s another to consider: Read the rest of this entry »
Adept Technology, the Pleasanton supplier of robotics-based manufacturing equipment, said Tuesday it had received a $2.5 million order for vision-guided robots from “a leading international consumer electronics manufacturer” as part of a “major capacity expansion program,” according to a filing Tuesday with the SEC.
Adept expects the order to be fulfilled and booked as revenue during its fiscal Read the rest of this entry »
NeoMagic, the insolvent chip maker that ceased searching for new business last September, settled last week with its former landlord last week by agreeing to pay $35,000 over the next 60 days to settle the landlord’s claim of $2.04 million. Combined with a Read the rest of this entry »
Apple is on track to deliver its long-rumored iTablet before the holidays, according the Financial Times.
At the same time, the Cupertino is working with major record labels to counter the digital trend of acquiring music by individual songs, not the more profitable albums as people did during the era of CDs and records, the paper reports. The plan, code-named “Cocktail,” is to include rich interactive booklets and other features with albums.
“It’s about recreating the heyday of the album when you would sit around with your friends looking at the artwork while you listened to the music,” the paper quoted an unidentified executive. The companies are looking for a September launch, according to the FT.
Meanwhile, Apple is hoping to release a new device that will also trigger interest anew in albums. The touch-screen tablet PC will have as much as a 10-inch screen, the paper reports.
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