The hot seat was blazing for SAP co-Chief Executive Officer Bill McDermott today, as the Oracle lawsuit brought against the company has finally led to an apology. Under cross examination by Oracle attorney David Boies in the trial to determine damages for the theft of Oracle IP by SAP subsidiary TomorrowNow, McDermott admitted and apologized ...

Facebook’s email launch is highly anticipated and speculative, with rumors heightening in light of Facebook’s upcoming news event (watch live below, and here).  The social network is about to launch free email system, putting competitors like Hotmail, Yahoo Mail and Gmail in a dangerous position and having real chances of re-defining the nature of email, ...

Ross Levinsohn is the new Yahoo EVP for the Americas Region, and the announcement has been marked by a post of Levinsohn himself on the corporate blog.  The new head of the media department highlights the success the company has had, considering Yahoo one of the world’s preeminent technology companies that operates the largest digital ...

Topguest has announced a funding round of $2 million in its Series A round, with some high profile investors.  Peter Thiel, a famous Facebook invester as an advisor and founder, along with angels Ron Conway, Keith Rabois, Jeff Clavier and Naval Ravikant, participated in the round. As another player in the very crowded market, Topguest ...

Intel has announced a 15 percent raise in dividends following the trend of other IT giants such as Microsoft Corporation that raised its quarterly dividends in September by 3 percent to 16 percent and Cisco Systems raising its dividends between 1 and 2 percent.  Intel also saw a raise in quarterly dividends up to 18 ...

With competitors such as Facebook, Google and Microsoft, Yahoo has been losing ground in the last years, leading to a series of layoffs and executive shakeups from top to bottom.  At the moment, Senior Vice President of Yahoo, Jeff Bronikowski is leaving his job after an 8-month period at his executive level of Yahoo. And ...

Softbank CEO and founder, Masayoshi Son, was interviewed by the Wall Street Journal on various topics, the most notable being that of the future of the world, i.e. artificial intelligence. Judging by his own calculations, Masayoshi Son predicts that in 20 or 30 years time, technology will reach the point of being capable of creating ...

Socializr, a web service allowing users to coordinate party planning and invitations, was acquired by Punchbowl, Socializr’s bigger counterpart, in a deal that will forward the stabilization of Punchbowl in the party-planning market.  The financial terms of the acquisition were not made public. The timing of the acquisition is felicitous as the holiday season is ...

The commerce via mobile means has been gaining great popularity in the last period, and with the holiday season warming up, things will get even busier. Retailers and sellers encourage customers to order via mobile phones. In order to gain their customers’ hearts, they also send them information via mobile phones on how to reach ...

Nvidia CEO Jen-Hsun Huang made a statement on the near launch of Android tablets, referred to them as things that must ultimately be ‘truly remarkable’ in comparison with rival products, such as the iPad. The statement came during an earnings call, revealing Nvdia’s sluggish third quarter.  The company’s financial data shows that Nvidia enlisted a ...