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US STOCKS-Wall St falls as tech shares weigh

U.S. stocks fell on Thursday led by losses in the technology sector and on worries that China's rapid growth may lead to more aggressive measures to tackle inflation.

Microsoft launches cloud-based CRM software to take on Salesforce and Oracle

A worker holds a bag during the grand opening of Microsoft's first retail store in Scottsdale, Arizona

After its last high-profile cloud-computing launch, the Office 365, Microsoft has announced that Microsoft Dynamics CRM Online, its cloud-based CRM offering, will be available worldwide.

Factbox: U.S. firms likely to meet China's Hu in Washington

Several U.S. business leaders will meet with Chinese chief executives in Washington during President Hu Jintao's visit next week, all seeking new deals to tap into economic growth in China.

Fed judge orders Interior Dept. to hold off Microsoft contract, consider Google, others

A federal judge has ordered the U.S. Department of the Interior (DOI) to hold off a $60 million contract awarded to Microsoft to integrate 13 DOI e-mail systems and consider competing bids from Google and others.

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NATO Turns To IBM For Cloud Computing

IBM will provide cloud computing software that will consolidate and integrate technology capabilities for critical command and control programs at NATO.

Teradata's $525 million acquistion of analytics firm Aprimo heats up data war with IBM

Data warehousing company Teradata announced its acquisition of cloud-based integrated marketing software maker Aprimo for $525 million to boost its analytics portfolio to counter Oracle, IBM and Microsoft.

Red Hat Says Profits Up 92 Percent

Red Hat announced financial results for its fiscal year 2011 third quarter, reporting a rise in operating income of 92 percent year over year.

Oracle Apps Now Available From Amazon

Amazon said several applications of Oracle are now available in its Amazon Elastic Compute Cloud, a commercial web service that allows customers to rent computers on which to run their own computer applications.

NetApp upgraded at Barclays Capital

Barclays Capital upgraded rating of the data storage equipment maker NetApp, Inc. (NTAP) to 'overweight' from 'equal weight' and increased its price target to $67 from $56.

Dell buying Compellent to boost data storage presence

Dell Inc. announced an agreement to acquire data storage company Compellent Technologies Inc. for about $960 million, or about $27.75 per share in cash, to boost its storage presence.

Nvidia's latest graphics card GeForce GTX 580

Nvidia Set To Gain Share In High-End PC Graphics: Analyst

Graphics chip maker Nvidia may be turning the corner with better execution in PC graphics with the GTX 580/570/560 product family based on its new Fermi architecture.

Salesforce acquires Heroku; ramps up platform-as-a-service offering

Salesforce is on the roll as the enterprise cloud-computing company announced that it has acquired Heroku, a company that offers Ruby platform-as-a-service (PaaS), for $212 million cash, just a day after releasing Database.com, the first cloud-based enterprise database.

SAP's SaaS product StreamWork app now on Google Apps Marketplace

Google has announced that SAP is launching a collaborative decision-making app StreamWork in Google Apps Marketplace which enables integration with Google Apps

IBM mobile and cloud computing technology

Gartner sees global cloud computing market to be worth $30 bln in 4 yrs

Technology research firm Gartner expects the global market for the 'transformational' cloud computing technology to be worth over $30 billion in the next four years.

Cloud computing in India to grow 40 pct by 2014: IDC

The cloud computing market in India is expected to grow at a ccompounded annual growth rate of 40 per cent by 2014, IT research firm IDC on Thursday said.

NASA Mars Rovers Run On Cloud Computing

NASA turns to cloud computing to support its rovers Spirit and Opportunity as they scout the Martian terrain.

IBM introduces security initiative for cloud computing

IBM Corp has introduced a new security initiative to make cloud computing safer.

Mobile, cloud computing to dominate software apps, IT deliveries in next 5 yrs, says survey

Mobile and cloud computing technology will dominate enterprises as these two emerge as the most in-demand platforms for software application development and IT delivery over the next five years, an IBM survey report said.

India's cloud computing market may touch $1 bln in 5 years, says survey

India’s budding cloud computing market is expected to touch $1 billion in the next five years, according to a survey.

Dell, HP, Fujitsu rally behind Microsoft's Azure cloud computing platform

Microsoft cloud computing platform Azure has found support among software giants like Dell, Fujitsu and Hewlett-Packard who are planning to embrace Azure for their data center products.