Tech Business Recap: Intel Strikes Deals, Microsoft’s Big Shuffle
Dell (NASDAQ:DELL) plans to enter market in late 2012. It has learned from the hastiness of some of its rivals and understands now that consumers value the “ecosystem” of a tablet as much as the hardware, states DELL.
Oracle (NASDAQ:ORCL) or Private Equity firms may purchase Brocade Communications (NASDAQ:BRCD) who is throwing off so much cash that it might be worth 40% more than its current purchase price, according to a Bloomberg analysis.
Alibaba (ALBCF.PK) will buy back a 40% stake, which is currently held by Yahoo (NASDAQ:YHOO) by taking a $3 billion loan, which is down from an earlier estimation of $4 billion. Alibaba would make up the difference by tapping its cash reserves, estimated to be $3 billion or more. The reduced loan could attract more lenders to the deal.
Apple (NASDAQ:AAPL) confirms it has bought Israeli flash-storage company Anobit. Anobit supplies chips for the iPad and other devices, and Israeli mediate reported last month that Apple paid around $500 million for Anobit investors of which included Intel (NASDAQ:INTC).
Kindle Fire (NASDAQ:AMZN) and Nook Tablet (NYSE:BKS) are going head to head with Asus, which is rolling out a $250 seven-inch model of an Android tablet featuring an Nvidia (NASDAQ:NVDA) Tegra 3 CPU. ViewSonic says it will sell a 7-inch tablet with a less powerful chip for $170.
Microsoft (NASDAQ:MSFT) plans to restructure its marketing operations according to Bloomberg reports. This could potentially cut hundreds of jobs in the process. The move is said to stem from a belief Microsoft isn’t obtaining a sufficient return on its billions in annual marketing spending.
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