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News

• Reports: IBM explores sale of semiconductor business

  IBM is exploring the sale of its semiconductor unit shortly after agreeing to sell its low-end server business to Lenovo Group, according to newspaper reports.

• Alcatel-Lucent posts Q4 net profit, readies sale of enterprise unit

  Alcatel-Lucent's revenue remained flat, but the company turned a year-earlier loss into a net profit for the fourth quarter, it reported Thursday.

• Satya Nadella to succeed Ballmer as Microsoft CEO

  Microsoft has finally concluded its protracted search and chosen its new CEO: Satya Nadella, who as executive vice-president of the company's Cloud and Enterprise group has successfully steered the shift of the company's back-end server software and tools to the cloud.

• Lenovo restructuring to focus on enterprise products, software after IBM deal

  Lenovo is once again restructuring its operations, this time to create two new business groups devoted to its enterprise products and to developing a software ecosystem.

• Icahn wants eBay to spin off PayPal

  Activist investor Carl Icahn has proposed that eBay spin off its payments unit PayPal into a separate company.

• ARM server chip pioneer Calxeda shuts down

  One of the first companies that announced an ARM server chip, Calxeda, has folded operations and is now pursuing ways to repurpose or sell its intellectual property.

• Acer needs to focus on brand building, tablets under new leaders

  Acer will have to choose new leaders with expertise in tablets and brand-building to shed its reputation as a low-end seller of notebooks, analysts said.

• BlackBerry shakeup claims operating, marketing and financial chiefs

  BlackBerry's chief operating, marketing and financial officers are leaving as recently appointed CEO John Chen makes his mark on the struggling mobile vendor.

• Alcatel-Lucent says focus on fast broadband, IP is key to comeback

  With its new-found focus on IP networking and fast broadband access, Alcatel-Lucent is poised to take advantage of a worldwide explosion in mobile devices and the rush of service providers and operators to the cloud, company executives said at the networking vendor's tech symposium this week.

• Do-or-die time for Acer as it hunts for winning strategy

  Best known for its low-cost laptops, Acer doesn't really inspire thoughts of premium products. But building high-end hardware could be the Taiwanese vendor's best shot as it looks for a way to rescue its struggling business.

• Big Switch swaps out its CEO

  SDN start-up Big Switch Networks this week replaced its CEO with a former Juniper Networks executive as the company reboots its business plan in an attempt to boost the appeal of its products.

• BlackBerry ditches CEO and accepts $1bn loan from Fairfax, others

  BlackBerry will change its CEO and accept a $US1 billion loan from a consortium involving shareholder Fairfax Financial Holdings as it struggles with inventory and strategy problems. The company has abandoned plans to sell itself.

• Faded satellite star LightSquared headed for auction block in November

  The long saga of satellite operator LightSquared's quest to become a cellular carrier may come to an end soon with an auction for the company's assets scheduled for late November.

• BlackBerry increases provision for restructuring charges

  BlackBerry has increased the amount it plans to spend on its ongoing cost-cutting program, and extended it by another three months, the company said in a filing with the U.S. Securities and Exchange Commission on Tuesday.

• Report: Ford CEO downplays chatter that he's in line to replace Ballmer

  Ford President and CEO Alan Mulally, considered a front-runner among candidates to replace Microsoft CEO Steve Ballmer, has reportedly tried to put the brakes on the accelerating rumors.