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  Western Digital has announced to takeover Hitachi Global Storage Technologies (Hitachi GST) for about $4.3 billion. The complete transaction will be split in cash and stock with cash taking $3.5 billion and $750 million by way of shares. The acquisition has been approved by board of directors of each company and is expected to [...]

  Google announced its Q4 2010 results yesterday and although it turned out to be pretty well, the search giant dropped a bomb by announcing executive management changes. Google’s decision to shuffle positions is to “streamline decision making and create clearer lines of responsibility and accountability at the top of the company.” Eric Schmidt, current [...]

  Steve Jobs who spearheads Apple operations as CEO has announced that he’ll be on medical leave. Steve Jobs took a similar leave in 2009 (on Jan 15) that confirmed his comeback month however today’s letter to Apple employees does not make any promise. Tim Cook will act as an interim CEO till Jobs’ leave [...]

  Symbian Foundation has confirmed that Lee Williams, Executive Director of the organization has stepped down from his position, effective immediately. The reason stated for the resignation is for “personal reasons” but considering the current state of Symbian OS in the market, the actual reason could be much more than personal. Tim Holbrow, Symbian Foundation’s [...]

  Just a week after Nokia’s CEO, Olli-Pekka Kallasvuo was replaced by Stephen Elop, LG Electronics too have announced a change in the position of the chief executive officer. LG has confirmed that Koo Bon-joon (pictured above) will replace Nam Yong after he resigned from the job due to LG’s weakening phone business. LG is [...]

  Nokia has dropped a bomb just before Nokia World by announcing a new CEO and President. Stephen Elop who currently heads Microsoft’s Business Division will take the helm from Olli-Pekka Kallasvuo as the new President and Chief Executive Officer of Nokia Inc. from September 21. Olli-Pekka Kallasvuo who served Nokia for the past 30 [...]

  Well, this was on the cards. Apple has announced that Google’s CEO, Eric Schmidt has resigned from the Apple’s Board of Directors. The resignation comes after holding this position since August 2006 and the reason behind is unsurprisingly, conflicts of interest. This is what Steve Jobs had to say. “Eric has been an excellent [...]

  According to fresh reports, the Eee PC makers are looking for a possible amalgamation between its netbook and notebook departments. Nothing is confirmed as yet, but it is rumored that the plan details are being scrutinized and are sent out to the department heads. From a managerial perspective, Asus could expect an increase in [...]