Cloud Computing Is Growing Up, and VCs Are Feeding It

Last week, on-demand-software giant acquired a cloud software startup called Heroku for $212 million in cash. That's par for the course these days as cloud computing goes from buzzword to reality. And venture capitalists are flocking to put money into the next Heroku.

Attachmate Buys Software Firm Novell for $2.2 Billion

Software and computing services company Novell will sell itself to Attachmate for about $2.2 billion. The $6.10 per share price represents a premium of 28% to Novell's closing price on March 2, a day prior to the public disclosure of Elliott Associates' proposal to acquire Novell for $5.75 per share.

Oracle's Patent War with Google Could Backfire

A few months ago, Oracle rocked the internet world by suing Google for patent infringement based on the Android system's use of Java. Now, Google has laid out its defenses against the Oracle suit, and its countersuit might well invalidate Oracle's Java patents altogether.

Microsoft Reports Big 51% Jump Quarterly Earnings

Microsoft Corp.'s fiscal first-quarter earnings jumped 51% as the world's largest software maker boosted sales of its Office 2010 product and took share in the videogame-console market. Shares rose in after-hours trading after earnings and revenue both beat analyst estimates.

Gemalto Sues Google Over Android OS

Gemalto NV, a Dutch maker of security software, sued Google (GOOG), saying that the Android smartphone operating system used its software without permission. The complaint accuses Google of improperly including Gemalto%u2019s Java Card technology in the Android development platform, Bloomberg News said.

Microsoft After Ray Ozzie May Be a Little Less Magical

Ray Ozzie, Microsoft's chief software architect, was the perfect visionary foil to strategy-obsessed CEO Steve Ballmer. His entrepreneurial thinking pushed the stodgy software giant into cloud computing and SaaS, and got it back into the mobile OS race. Can anyone fill his soon-to-be-vacated shoes?

Apple to Hold Media Event; Speculation on New Products Builds

Apple (AAPL) will host a media event today, amid a frenzy of speculation about what new products the company will unveil. Top of the list is a new version of Mac OS X, the computer operating system. The invitation send to reporter and bloggers last week included an Apple logo with the image of a lion, ABC News reported.

Grading Oracle's Potential EMC Purchase

Rumors are circulating that software powerhouse Oracle may be considering a $50 billion purchase of data storage giant EMC. There are four tests for whether a merger has a chance to succeed: Does this one pass or fail?

Despite Howls, Leo Apotheker May Be Just What HP Needs Now

Wall Street has been quick to punish Hewlett-Packard after the computing and software giant named former SAP chief Leo Apotheker as its new CEO on Sept. 30. But if SAP's culture says anything about what HP will be like under Apotheker, it may get back to making bets on innovation. Wall Street has been quick to punish Hewlett-Packard after the computing and software giant named former SAP chief Leo Apotheker as its new CEO on Sept. 30. But if SAP's culture says anything about what HP will be like under Apotheker, it may get back to making bets on innovation.

Oracle Wants to Buy Semiconductor, Software Companies

Oracle Corp. (ORCL) wants to buy semiconductor companies and the makers of industry-specific software, CEO Larry Ellison said. Oracle has bought more than 65 companies in the last five years. Adding chipmakers would help the company develop its presence in the market for computer hardware.

Adobe Shares Slide on Disappointing Guidance

Adobe Systems's fiscal third-quarter earnings beat analyst expectations, but share prices plunged in after-hours trading after the largest maker of graphic-design software released lower-than-expected guidance for the fourth quarter.

Big Tech's Buying Binge: Who Will Be Acquired Next?

IBM, Oracle, Hewlett Packard and Intel have been on a buying spree of late, and it's virtually guaranteed that they'll be purchasing more companies over the next several months. But which companies will they target next? Here are eight strong possibilities you might want to buy into.

Mark Hurd Pitches New Oracle Data Servers at Annual Confab

Oracle Corp. Co-President Mark Hurd, who was brought aboard by the software giant after leaving his CEO post at Hewlett-Packard Co. last month amid controversy, unveiled four new versions of the company's Exadata storage servers at Oracle's annual customer conference in San Francisco today, the Wall Street Journal reported.

IBM Acquires Netezza in $1.7 Billion Deal

IBM announced Monday that it is bolstering its analytics business with the purchase of Netezza. The $1.7 billion cash transaction, which values Netezza at $27 per share -- a 9.75% premium over Friday's close -- brings a long-time partner into IBM's information management software portfolio.

Microsoft May Issue Debt to Fund Dividend, Buyback

Microsoft may sell debt later this year to fund share buybacks and dividend payments for shareholders of the world's largest software maker. The company may opt to issue debt because interest rates are near record lows.

Microsoft Co-Founder Files Big Patent Lawsuit

Microsoft co-founder Paul Allen slapped a host of tech titans with a patent infringement lawsuit Friday, alleging that they were utilizing technologies developed by a lab that he had invested in. On his his naughty list: Google, YouTube, Apple, eBay, Facebook, Netflix and AOL, among others.

IBM Reaches Agreement to Buy Unica for $480 Million

IBM (IBM) reached an agreement to purchase Unica Corporation for about $480 million, or $21 per share. The acquisition, which is subject to regulatory clearance and approval from Unica%u2019s shareholders, should close in the fourth quarter, IBM said in a statement.

Department of Justice Accuses Oracle of Fraud

The U.S. Justice Department is accusing software company Oracle (ORCL) of defrauding the government on a contract worth over $1 billion. In a complaint filed yesterday in U.S. District Court for the Eastern District of Virginia, the Justice Department alleges that Oracle misled the government about its business practices, causing government clients to get worse deals on Oracle%u2019s services than the company%u2019s private sector clients.

NASA, Rackspace Join Forces in Cloud Computing Deal

Clouds float free, but customers using cloud computing services are often nailed down by proprietary software. Not for long: This week, No. 2 cloud services provider Rackspace Hosting said it will join forces with NASA to make their software open-source in an initiative called OpenStack.