CALIFORNIA

Sun Poised for Comeback with Web 2.0

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With the demand for computing power exploding among the distributors of media rich Internet content, some analysts believe Sun (Nasdaq: SUNW) is poised for a rebound in demand following five years in the wilderness.

AMD Unveils New Flagship CPU, 65nm Single Cores

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Advanced Micro Devices (NYSE: AMD)introduced a slew of new consumer-level processors on Tuesday, including two new low-power chips, and its highest performing dual-core processor to date.
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HP Edges Higher on Price Target Upgrade

Shares of technology company Hewlett-Packard (NYSE: HPQ) edged slightly higher in Tuesday mid-day trading, after an analyst raised his price target for the company on strength from its core businesses.
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Intel, IBM Make CPU Breakthroughs

Semiconductor firm Intel (NASDAQ: INTC) and technology solutions provider International Business Machines (NYSE: IBM) announced separately this weekend that both companies have solved a puzzle that will allow the semiconductor industry to keep making ever smaller computer chips.
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Adobe Aims for Formal PDF Standard

Software maker Adobe systems is aiming to take its already popular PDF document standard to the next level, asking the International Organization for Standardization (ISO) to recognize its entire specification.
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YouTube Subpoenaed Over ‘24,' ‘Simpsons'

News Corp. studio Twentieth Century Fox has subpoenaed Google Inc.'s (NASDAQ: GOOG) video site YouTube to request that it hand over data identifying a user who has uploaded episodes of the television shows '24' and 'The Simpsons,' according to the Wall Street Journal.
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HP Expands Virtualization Services

Technology company Hewlett-Packard (NYSE: HPQ) is adding new services to help businesses increase the efficiency of their current servers by allowing customers to virtualize their entire infrastructure.
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Apple Earnings Up 78 percent, Beating Estimates

Spurred by another quarter of strong Mac and iPod sales, Apple Inc. reported on Wednesday earnings were up for its first fiscal quarter, far surpassing Wall Street expectations. The company reported $1 billion in profit, up 78 percent from the same quarter last year.
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Test Run Begins for Adobe Photoshop CS3

Design and art software firm Adobe Systems made a pre-release version of its popular photo-editing software available for download this week, giving graphic artists and investors alike, a taste of its next-generation software.
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HP to Pay $14.5 Million to Settle Suit

Hewlett-Packard reached a settlement with California on Thursday over a civil suit involving the company's pretexting scandal. The settlement calls for the firm to pay $14.5 million and implement a series of measures to ensure that its internal investigations are conducted within state law.
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Google Zooms, Nearly Doubles Profit

Google Inc., the world's largest search provider, reported on Thursday that its third quarter profit nearly doubled compared to the same period last year.
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Bratz Dolls Get New Couture Look

The company behind the Bratz series of fashion dolls is partnering with a Canadian designer to bring a new series of Haute Couture dolls to the local market.
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D. Telekom, Motorola, T-Online to Invest in Wireless Routers

Deutsche Telekom AG, the venture capital division of Motorola Inc. T-Online Venture Fund will invest $16 million in Ruckus Wireless Inc., a wireless equipment manufacturer that designed Wi-Fi routers that can beam various forms of media around the home.
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HK attracting more overseas visitors

Hong Kong's tourist industry is drawing more overseas tourists, showing it is not solely dependent on Mainland visitors, Secretary for Economic Development & Labour Stephen Ip said.
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Gilead to Acquire Myogen for $2.5 Billion

Gilead Sciences Inc., the world's third-biggest biotechnology company, said on Monday it has agreed to acquire Myogen Inc. for $2.5 billion in a surprise transaction that gives Gilead access to Myogen's experimental hypertension drugs.
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Schwarzenegger Signs Telephone Privacy Bill

California Gov. Arnold Schwarzenegger signed a law on Friday making it a crime to buy telephone records or obtain them through deceit, an issue that has become important amid a furor over Hewlett-Packard Co.'s attempts to track down boardroom leaks to the press.
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Only a Moron Would Buy YouTube, Says Mark Cuban

Billionaire investor and dot-com veteran Mark Cuban had harsh words on Thursday for YouTube, the online site that lets people share video clips, saying only a moron would purchase the wildly popular start-up.
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Lawmakers Scold HP as Top Lawyer Resigns

Hewlett-Packard Co.'s top lawyer resigned on Thursday as U.S. House of Representatives lawmakers scolded current and former top executives for invading individuals' privacy to find the source of boardroom leaks. The scandal has claimed the jobs of four senior executives technology firm.

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