Digital Information in India to Grow Twice Faster Than Worldwide Trend: EMC

The study disclosed the fact that digital information in India is expected to grow 40,000 petabytes to 2.3 million petabytes between now and the year 2020. The findings of ‘The Digital Universe in India’ sponsored by EMC, provider of information infrastructure technology, reported that India’s 2010 requirement for digital information equals information …. Original article on Gaea Times at  : Digital Information in India to Grow Twice Faster Than Worldwide Trend: EMC.

Halo Reach Countdown Over, Game Hits Stores!

NEW YORK (GaeaTimes.com)- Microsoft is aiming to repeat the success of Halo 3 with the release of the latest game in the franchisee named Halo Reach. The game was launched officially at midnight at New York City and as expected the launch made the fans of the series exuberant and excited. Halo 3 sold …. Original article  : Halo Reach Countdown Over, Game Hits Stores!.

Ex-IBM Executive Jailed for Six Month for Security Fraud

Robert Moffat, 54, a former senior vice-president of IBM, has been sentenced for six month for Galleon Hedge Fund insider trading. The court also asked him to pay $50,000 as fine. Robert admitted that he provided insider information to Danielle Chiesi, then a consultant at New Castle Partners, an equity hedge fund … Read more »».

GTSI board rejects unsolicited takeover offer from Eyak Technology at $7 a share

GTSI board rejects Eyak buyout offer at $7 a share

HERNDON, Va. – GTSI Corp., a provider of information technology equipment and services to government agencies, said Monday that its board had rejected an unsolicited acquisition proposal for $7 per share from Eyak Technology LLC.
The offer, received Monday, was deemed “grossly inadequate” and not in shareholders’ …. Source article on Gaea Times at  : GTSI board rejects unsolicited takeover offer from Eyak Technology at $7 a share.

Summary Box: Chattanooga, Tenn., utility offering fast Internet service

Summary Box: Tenn. utility offering fast Internet

THE PROVIDER: The city-owned utility in Chattanooga, Tenn., which now provides electricity, television, telephone and Internet service to more than 169,000 residents in Tennessee and Georgia.
THE NEW SERVICE: The Chattanooga Electric Power Board’s new Fiber Optics network will provide a 1 gigabit-per-second Internet service. The utility says the service …. Source  : Gaea News Network.

Chattanooga utility EPB Fiber Optics offering fast Internet service for $350 a month

Chattanooga utility offering fast Internet service
CHATTANOOGA, Tenn. – Chattanooga’s city-owned electrical utility has started offering an Internet service that is among the fastest in the world, and it is hoping the move will attract businesses looking to relocate.
The Chattanooga Electric Power Board’s new Fiber Optics network will provide a 1 gigabit-per-second Internet service. …. Original article on Gaea Times at  : Chattanooga utility EPB Fiber Optics offering fast Internet service for $350 a month.

Summary Box: The basics of Wal-Mart’s new Family Mobile service

Summary Box: Wal-Mart Family Mobile service
WHAT’S HAPPENING: Wal-Mart Stores Inc. is introducing the first cell phone plan that uses the chain’s own branding. Wal-Mart Family Mobile will use T-Mobile USA’s network.
HOW’S IT DIFFERENT? It’s cheaper than regular T-Mobile service, at $45 per month for unlimited calling for the first line, and there’s no … Read more >>.

John Mayer discontinues Twitter account with more than 3.7M followers, heads back to studio

John Mayer closes 3.7M-follower Twitter account
NEW YORK – John Mayer is losing friends – on the Internet at least.
A spokeswoman for the pop singer says he has discontinued his Twitter account with his Battle Studies Tour “now at a close and a return to the studio planned.”
Mayer had more than 3.7 million followers …. Read the original article  : here.

A glance at major technology companies’ recent acquisitions

Recent acquisitions by major technology companies
Hewlett-Packard Co.’s $1.5 billion deal to buy security company ArcSight Inc. is the latest effort by a major tech company to branch into newer businesses.
Here is a look at some of the acquisitions over the past several months.
July 1: Hewlett-Packard Co. completes its $1.2 billion acquisition of smart … Read the original article on Gaea Times at : A glance at major technology companies’ recent acquisitions.

Summary Box: Hewlett-Packard buying network security company ArcSight for $1.5 billion

Summary Box: HP buying ArcSight for $1.5 billion

THE DEAL: Hewlett-Packard Co. has agreed to buy the network-security company ArcSight Inc. for about $1.5 billion.
THE STRATEGY: HP wants to have the answer to all of its customers’ technology problems. It is buying ArcSight to help customers respond to the growing security threats.
THE BACKDROP: The deal could …. Source article on Gaea Times at  : Summary Box: Hewlett-Packard buying network security company ArcSight for $1.5 billion.

Crying over split milk: Hershey in dispute with software maker over iPhone chocolate milk app

Hot chocolate: Hershey in dispute over iPhone app
HARRISBURG, Pa. – Hershey wants a judge to let it keep on making virtual chocolate milk.
How now?
The Pennsylvania chocolate maker filed a complaint earlier this summer asking a federal judge to decide whether an application it created for the iPhone and similar devices violates a copyright …. Original article on Gaea Times at  : Crying over split milk: Hershey in dispute with software maker over iPhone chocolate milk app.

Summary Box: Nokia top executive in mobile phones sector resigns after new CEO announcement

Summary Box: Nokia mobile phone exec resigns
THE DEPARTURE: The head of Nokia Corp.’s mobile solutions business, Anssi Vanjoki, is resigning, just three days after the handset maker appointed a new CEO in its bid to become more competitive.
THE BACKGROUND: Vanjoki is in charge of top-end mobile phones – an area Nokia is keen … Read the original article on Gaea Times at : Summary Box: Nokia top executive in mobile phones sector resigns after new CEO announcement.

Buffett says no double-dip, Microsoft’s Ballmer enthusiastic about future at Montana summit

Buffett, Ballmer predict bright economic future
BUTTE, Mont. – Some of the biggest names in business said Monday that they see a bright future for the economy, with famed investor Warren Buffett declaring the country and world will not fall back into the grips of the recession.
“I am a huge bull on this country. … Read the original article on Gaea Times at : Buffett says no double-dip, Microsoft’s Ballmer enthusiastic about future at Montana summit.

Apple will start selling iPad in China on Friday

Apple to start selling iPad in China
CUPERTINO, Calif. – Apple Inc. said Monday it will start selling the wireless-enabled iPad device at Apple stores and authorized resellers in China on Friday.
The devices will retail for 3,988 yuan ($589) for the 16 gigabyte version, 4,788 yuan ($707) for a 32 gigabyte version and 5,588 …. Source article on Gaea Times at  : Apple will start selling iPad in China on Friday.

Intel CEO: chip industry needs to help people move content easily between devices

Intel chief: content-shifting key for chip-makers

SAN FRANCISCO – The semiconductor industry hasn’t fully cracked the challenge of making chips that help people move content seamlessly between their devices, Intel Corp. CEO Paul Otellini said Monday.
That capability will be critical because there are 5 billion devices connected to the Internet, and that number will rise, Otellini …. Read the original article  : Intel CEO: chip industry needs to help people move content easily between devices.

ArcSight: The IT Security Company to be bought by HP for $1.5 Billion

San Francisco (GaeaTimes.com) – ArcSight, established in 2000, is a technology corporation that provides Enterprise Threat and Risk Management (ETRM) solutions. It’s headquarter is in Cupertino, California, United States. The objective of the customers of ArcSight is to obey corporate and regulatory policy, protect their records and processes and control risk. The activity of SIEM … Read more : ArcSight: The IT Security Company to be bought by HP for $1.5 Billion.

Chevy Chase Bank Branches to Become Capital One

San Francisco (GaeaTimes.com) – Chevy Chase Bank, F.S.B, is the largest locally-based banking company in Washington Metropolitan Area. But In September 2010, it was announced that this bank would be converted into Capital One Bank as Chevy Chase Bank was purchased by Capital One in September 2009. The president of Capital One Bank James Jackson …. Source  : Gaea News Network.

Wal-Mart introduces first wireless plan under own brand, powered by T-Mobile

Wal-Mart introduces wireless plan under own brand
NEW YORK – Wal-Mart Stores Inc. said Monday that it is introducing the first cell phone plan that uses the chain’s own branding, further demonstrating its clout in getting special deals from wireless carriers.
The Wal-Mart Family Mobile service will run on T-Mobile USA’s network. Unlimited calling and … Read the original article on Gaea Times at : Wal-Mart introduces first wireless plan under own brand, powered by T-Mobile.

You can Wear Apple’s new iWatch on the Wrist

Apple recently launched?? new iPod Nano called iWatch, the smallest music player in the world which can be worn like a wristwatch. The new gadget can be viewed as similar to the iPod and iPhone. Additionally, you will get multi touch feature with this that allows more than one finger at a time. According …. Source  : You can Wear Apple’s new iWatch on the Wrist.

Telecom carrier Paetec buying privately held rival Cavalier for $460M in cash

Paetec buying rival telecom Cavalier for $460M

FAIRPORT, N.Y. – Paetec Holding Corp., which provides voice and data services to businesses, said Monday it will buy rival Cavalier Telephone Corp. for $460 million in cash.
The move will expand the reach of Fairport, N.Y.-based Paetec’s network by adding 17,000 miles of optical fiber, it said. Cavalier is …. Read the original article  : Telecom carrier Paetec buying privately held rival Cavalier for $460M in cash.