FTC Opposes Integrated Device Acquisition, Domain Name Fees To Rise: Tech Biz Update
The “Analog and Digital Company” Integrated Device Technology (NASDAQ:IDTI) said Wednesday that the United States Federal Trade Commission has filed an administrative complaint challenging the its proposed purchase of PLX Technology (NASDAQ:PLXT). A statement by the former says that “IDT is disappointed with the FTCs decision to challenge the acquisition. The company intends to review the FTCs complaint and respond appropriately.”
On Wednesday, VeriSign (NASDAQ:VRSN) announced that effective July 1, 2013, the registry domain name fee for .net top-level domain names, will be raised from $5.11 to $5.62, per its agreement with the Internet Corporation for Assigned Names and Numbers.
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Hewlett-Packard Company (NYSE:HPQ) updates its service virtualization software, which permits developers a broader palette upon which to test their programs. Roi Carmel, a company senior director of product management for its application life cycle management software, said that HP Service Virtualization 2.3 can now imitate the behavior of JDBC (Java Database Connectivity) database calls, and also simulate in-house applications running over TCP/IP.
The biggest lending institution in Russia, Sberbank, intends to purchase Yandex.Dengi, an online payment service owned by the Russian search engine Yandex (NASDAQ:YNDX), according to an inside source. Neither party commented on the matter. Sberbank, comprises one-third of overall lending in the country, and has been growing in the consumer credit market in the face of weak corporate loan portfolio growth.
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