Tuesday, August 5, 2014

Telefónica bids $9B to acquire Brazilian telecom operator

Gates cashes out another 20M Microsoft shares for $882M

Symantec, Kaspersky deny government ban in China

IT News Daily
August 05, 2014
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Telefónica bids $9B to acquire Brazilian telecom operator

Telefónica has submitted an offer for Brazilian telecom operator GVT (Global Village Telecom) worth €6.7 billion (US$9 billion), as it seeks to build up its business in Brazil by integrating mobile and fixed broadband with pay-TV services.

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Issue highlights

1. Gates cashes out another 20M Microsoft shares for $882M

2. Symantec, Kaspersky deny government ban in China

3. LinkedIn pays almost $6M for wage law violations

4. Storage maker builds fast SSD to prepare for life after NAND flash

5. China reads Microsoft the riot act: Don't mess with antitrust inquiry

6. PwC: IoT will become multitrillion-dollar market by 2020

Gates cashes out another 20M Microsoft shares for $882M

Bill Gates has sold another 20 million shares of the company he co-founded, driving his portfolio under the 300-million mark for the first time, according to regulatory filings. READ MORE

Symantec, Kaspersky deny government ban in China

Symantec and Kaspersky Lab are both denying that China has banned their products, amid media reports that the country is shutting out foreign security vendors from selling to government agencies. READ MORE

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LinkedIn pays almost $6M for wage law violations

Professional networking company LinkedIn agreed to pay close to US$6 million in overtime back wages and damages to employees at its branches in California, Illinois, Nebraska and New York, the U.S. Department of Labor said Monday. READ MORE

Storage maker builds fast SSD to prepare for life after NAND flash

Storage technologies much faster than NAND flash aren't expected to reach most smartphones and data centers for years, but preparations are already underway in order to make the most of them when they arrive. READ MORE

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China reads Microsoft the riot act: Don't mess with antitrust inquiry

Chinese authorities publicly warned Microsoft not to hinder the ongoing antitrust probe into the company's practices in the People's Republic. READ MORE

PwC: IoT will become multitrillion-dollar market by 2020

Companies have embarked on a gradual but massive adoption of "Internet of things" (IoT) technology, investing in sensors to collect data, which is then wirelessly sent for further analysis or alerts, according to a survey. READ MORE

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