Apple has finally acquired Intel’s modem team, which includes 2,200 employees, patents and equipment. The deal, valued at $1 billion and expected to close in the fourth quarter, will go a long way to helping Apple achieve independence from Qualcomm, the world leader leader in modems that connect phones to cellular networks. Intel has been a modem supplier for iPhones, but the Intel group had...
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Why DOJ’s Damaging Evidence Against Google May Not Be Enough to Break Up the Company
Justice Department lawyers on Tuesday revealed embarrassing details about Google’s conduct in the online ad industry as part of a new antitrust lawsuit. Despite evidence and allegations that Google rigged advertising auctions and effectively stole money from website publishers that rely on the company’s advertising tools, the DOJ will have a hard time winning the case and breaking...
Intel Shares Plummet After Weak Earnings, Sales Forecast
SAP Lays Off 2.5% of Workforce, Eyes Sale of Qualtrics Stake
Comcast’s Peacock Loses Nearly $1 Billion in Q4
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