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Added by Brian Mahony
NEW YORK (Reuters) - Dish Network Corp said on Tuesday that it would not make a new offer to buy No. 3 U.S. wireless provider Sprint Nextel and focus instead on its tender offer for Clearwire Corp "While Dish continues to see strategic value in a merger with Sprint, the decisions made by Sprint to prematurely terminate our due diligence process and accept extreme deal protections in its revised agreement with SoftBank, among other things, have made it impracticable for Dish to submit a revised offer by the June 18th deadline imposed by Sprint," Dish said in the statement. ...
By Jim Finkle BOSTON (Reuters) - Microsoft Corp said that an assault it led earlier this month on one of the world's biggest cyber crime rings has freed at least 2 million PCs infected with a virus believed to have been used to steal more than $500 million from bank accounts worldwide. "We definitely have liberated at least 2 million PCs globally. That is a conservative estimate," Richard Domingues Boscovich, assistant general counsel with Microsoft's Digital Crimes Unit, said in an interview on Tuesday. ...
(Reuters) - Billionaire investor Carl Icahn promised Dell Inc shareholders that the company would buy back up to $16 billion of stock if they join his campaign to stop the computer maker from going private. Time is running out for Icahn. Next month, the company's shareholders will vote on whether to accept a $24.4 billion bid from the company's founder, Michael Dell, and private equity firm Silver Lake, and so far shareholders' reaction to two of Icahn's proposals has been mixed. Icahn has said repeatedly that Michael Dell's bid undervalues the company. ...
By Noel Randewich SAN FRANCISCO (Reuters) - Nvidia Chief Executive Jen-Hsun Huang said he will license graphics technology to other companies, a new model for the chipmaker that could lead to new business with Apple, Samsung and other mobile device makers. Huang told the Reuters Global Technology Summit in San Francisco on Tuesday that licensing graphics cores and visual patents would help Nvidia take more advantage of the booming market for smartphones and tablets and tap markets it could not reach through selling its own chips. ...
Google has filed a motion to end the gag order on the secret FISA court requests that it gets from the government as a part of the National Security Agencies surveillance, which could work considering how recent efforts to reveal the secrets of the secret court have gone. Just the other day, right after we all learned about PRISM, the court granted the Electronic Frontier Foundation a legal victory in its battle to uncover some of the secret courts secrets. Of course, that was just one tiny step in the path toward more transparency. ...
By Diane Bartz WASHINGTON (Reuters) - Mississippi's attorney general said on Tuesday he would subpoena documents from Google Inc as part of a probe into allegations the Web search company facilitated the sale of drugs without a prescription and other illegal products. Google responded in a blog post that it had been vigorous in working to limit drug advertisements to legitimate companies that comply with the law and to combat what it called "rogue online pharmacies. ...
PARIS (Reuters) - Telecommunications gear maker Alcatel-Lucent aims to cut a billion euros in costs and focus on the IP router business and mobile broadband as part of a strategic revamp to be unveiled by its new chief executive on Wednesday, French daily Les Echos reported. The paper said without citing its sources that the impact on jobs would be minimal while the cost cuts would come from general and commercial expenses. It also said that Alcatel-Lucent would aim to divest 1 billion euros ($1.34 billion) of assets in the next three years, without saying which ones. ...
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