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News

• SAP-Sybase deal wins EU approval

  SAP said Tuesday that the European Commission has approved its pending acquisition of Sybase.

• NTT set to expand in Africa with acquisition

  The acquisition of Dimension Data by Nippon Telegraph & Telephone Corp. marks the first time a Japanese mobile operator has managed to get a slice of the growing African telecom and IT market.

• Yahoo profit up, but revenue falls short of forecasts

  Yahoo's second-quarter revenue was US$1.60 billion, coming in on the low end of the company's expectations and falling short of analyst predictions.

• Yahoo profit up, but revenue falls short of forecasts

  Yahoo's second-quarter revenue was $US1.60 billion, coming in on the low end of the company's expectations and falling short of analyst predictions.

• VMware beats forecast with strong Q2 results

  VMware on Tuesday reported a 48 percent jump in revenue for the second quarter, a greater increase than expected, and raised its outlook for the full year on strong demand for its virtualization software.

• VMware beats forecast with strong Q2 results

  VMware on Tuesday reported a 48 percent jump in revenue for the second quarter, a greater increase than expected, and raised its outlook for the full year on strong demand for its virtualization software.

• Motorola deal may end mobile-gear consolidation

  Nokia Siemens Networks' acquisition of most of Motorola's cellular networks business may be the last move in a long game of consolidation in the industry, which has been hammered by price pressures.

• Google signs 20-year deal to buy wind power

  Google has signed a 20-year agreement to buy energy from a wind farm in Iowa, giving it access to enough renewable energy to supply several of its data centers, the company said on Tuesday.

• Apple enjoys solid Q3 on strong iPad, iPhone sales

  Apple on Tuesday reported strong earnings for its third fiscal quarter of 2010, with strong iPhone, Mac and iPad sales helping revenue exceed analyst expectations.

• IBM net income jumps 9 percent

  IBM's second-quarter profits were up 9 percent from a year earlier, the company announced on Monday, with increased sales in the U.S. and Asia helping to offset weaker spending in Europe.

• Google making strides in emerging businesses

  Google's second-quarter financial report last week provided further signs that, after years of trying, Google may finally be seeing material results from emerging businesses that could help it diversify from search advertising, which still generates most of its revenue.

• Dell to acquire storage vendor Ocarina Networks

  Dell announced Monday that it plans to acquire Ocarina Networks, a maker of hardware and software designed to reduce the amount of storage capacity enterprises need, for an undisclosed sum.

• Nokia Siemens buys Motorola wireless network unit for $1.2B

  Motorola has found a buyer for its wireless network equipment unit: Nokia Siemens Networks will pay US$1.2 billion for most of that business, the companies announced Monday.

• Wall Street Beat: Tech rallies on Intel, PCs

  Technology stocks found fresh reasons to rally this week after chip giant Intel reported stellar second-quarter earnings and two market researchers said the computer industry continues to grow at breakneck speed.

• Technology wins most US venture capital deals in strong Q2

  The amount of money people put into U.S. venture capital investments nearly returned to pre-recession levels in the second quarter, with most deals going to information technology companies, according to Dow Jones VentureSource.