by Staff Writers
Vienna (AFP) June 16, 2011
Austrian firm austriamicrosystems, a maker of analog integrated circuits, announced Thursday it had acquired 100 percent of the US company Texas Advanced Optoelectronic Solutions (TAOS).
The Austrian company is to pay an estimated $320 million or 220 million euros for TAOS, with 50 percent to be paid in cash and the remaining half in shares, it said in a statement.
"TAOS holds a strong market position as a leading, high-volume provider to many major makers of mobile consumer electronics worldwide," austriamicrosystems CEO John Heugle said.
"The strategic combination of austriamicrosystems and TAOS creates a significant provider of advanced sensor technologies for the attractive smartphone and tablet PC markets", he added.
The deal was expected to be finalised within eight weeks, after regulatory approval.
TAOS specialises in light sensing technology and like austriamicrosystems is a major supplier for the electronics, computer, medical and automotive markets, the statement noted.
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HP chip quarrel with Oracle hits civil court
San Francisco (AFP) June 15, 2011
Hewlett-Packard (HP) sued business software titan Oracle on Wednesday for turning its back on Itanium chip technology made by Intel. HP charged that Oracle was breaking legally-binding commitments to continue designing software for HP's Itanium-based computing systems and was out to steal its customUers. "We believe that this is an unlawful attempt to force customers from HP Itanium plat ... read more
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