James Niccolai

LSI Logic Corp., blaming an adverse economy and a worldwide inventory correction in storage and communications markets, announced Wednesday that it would close its manufacturing facility at Colorado Springs, displacing some 500 workers.

Palm Inc. has agreed to acquire Extended Systems Inc., a provider of infrastructure software that allows enterprise applications to be accessed from handheld computers, in a transaction valued at about US$264 million, Palm said in a statement issued last month.

IBM Corp. added more muscle Friday to its family of Intel-based servers, releasing four new systems designed to help it compete more effectively against rivals such as Compaq Computer Corp.

IBM Corp. has announced it will join with other leading chip makers to develop a new manufacturing...

Microsoft Corp. will unveil new software next week that will allow Web services created using its .Net technology to run on computers that use operating systems other than Windows, Steve Ballmer, Microsoft's CEO, said in a speech Monday evening in San Francisco.

Palm Inc. has agreed to acquire Extended Systems Inc., a provider of infrastructure software that allows enterprise applications to be accessed from handheld computers, in a transaction valued at about US$264 million, Palm said in a statement issued Tuesday.

Intel Corp. has shaved a few dollars off the prices of its microprocessor chips for desktop computers, part of a broader effort to accelerate the adoption of its recently launched Pentium 4 chip.

Faced with an uncertain economic climate, Intel Corp. president and CEO Craig Barrett sought to deliver a strong message Tuesday that the chip giant can ride out the current economic downturn on the strength of its broad product offerings and by continuing to invest heavily in new technologies.