UPDATE 2-Microsoft, Salesforce talks fell through on pricing - CNBC *Microsoft was willing to offer about $55 bln- CNBC. May 22- Microsoft Corp and Salesforce.com Inc held "significant talks" this spring but failed to agree on a price, CNBC reported, citing people familiar with the matter. A potential bidder can go up to $70 billion on the high end and Microsoft, Oracle Corp and Amazon.com Inc are the companies most likely to be suitors,...
| By: Devika Krishna Kumar and Anya George Tharakan
IBM takes aim at traffic nightmares Bob Picciano, IBM svp of analytics, discusses how IBM's smart traffic management system is using hi-tech to tackle traffic jams in New Jersey.
HP to sell 51% of Tsinghua Holdings Brian White, Cantor Fitzgerald, takes a look inside the tech giant's quarterly results and weighs in on HP selling its majority stake in the Chinese storage and server unit.
Hewlett-Packard sells stake in Chinese unit for $2.3B NEW YORK- Hewlett-Packard is selling a controlling stake in its China server and storage unit, a move that comes as the Chinese government, apparently worried about U.S. cyberspying, has encouraged the use of local companies. "Partnering with Tsinghua, one of China's most respected institutions, the new H3C will be able to drive even greater innovation for China,...
Source: The Associated Press
World's biggest PC maker ekes out 1% profit rise Lenovo Group, the world's leading PC maker, said on Thursday its annual net profit rose one percent to $829 million, below analysts expectations, after completing two major acquisitions.