Storage Devices News
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Dell Inc. reported fiscal first- quarter profit that missed analysts’ estimates, underscoring the worsening outlook that led the company’s founder to seek a buyout designed to reinvigorate growth.
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Canada’s Supreme Court dismissed Eli Lilly & Co.’s request to appeal a federal court decision that invalidated its Canadian patent for schizophrenia drug Zyprexa.
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The U.K. awarded 21 million pounds ($33 million) split between dozens of companies to fund further development of new energy efficiency and heat and power storage technologies.
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Hewlett-Packard Co. is planning to end a deal to resell high-end storage computers from Violin Memory Inc., in a potential blow to the company as it prepares for an initial public offering.
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International Business Machines Corp. and Iron Mountain Inc. lost track of storage devices with data from the California Department of Child Support Services involving more than 800,000 people, the state said.
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Silicon Valley investors that helped build the solar industry are shifting cash into electricity-grid technology and energy-storage developers after bets on panel manufacturers failed to pay off.
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Blackstone Group LP and billionaire Carl Icahn are offering to buy Dell Inc. without retaining Michael Dell as chief executive officer, spurring debate over whether the personal-computer maker would be better off without the entrepreneur who founded it three decades ago.
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American International Group Inc. and other investors should be able to penetrate the “shroud of secrecy” that exists over negotiations leading up to Bank of America Corp.’s $8.5 billion mortgage-bond settlement, a lawyer for the insurance company said.
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Advanced Micro Devices Inc., a maker of processors for personal computers, accused ex-employees in a lawsuit of taking “sensitive” company documents when they went to work for competing chipmaker Nvidia Corp.
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Patent dispute settlements including so-called pay-for-delay deals between branded and generic drug companies jumped to 40 in the year ended in September from 28 the previous year, the U.S. Federal Trade Commission said.
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