SEOUL (Reuters) - Shareholders of South Korean internet portal operator Daum Communications Corp and messaging app company Kakao Corp on Wednesday approved a merger of the two firms in an all-stock deal that values Kakao at more than $3 billion.
Kakao's KakaoTalk is the undisputed chat leader in South Korea, but its global user base is far smaller than the likes of Facebook Inc's WhatsApp or Naver Corp's Line.
The merger with Daum, South Korea's No. 2 internet search company, will give Kakao new lines of revenue and boost its resources for overseas expansion.
BEIJING (Reuters) - IBM will help China's largest server vendor Inspur International design server systems, the two companies said on Friday, an unexpected development in what has been a politically charged rivalry in the Chinese technology market.
Since last year Inspur has aggressively marketed its servers to Chinese state-owned firms as a replacement for IBM (International Business Machines Corp) systems while U.S.-China relations have worsened dramatically over mutual suspicions of cyber-spying.
(Reuters) - The U.S. Federal Bureau of Investigation is investigating a report by a U.S. cybersecurity firm that it uncovered some 1.2 billion Internet logins and passwords amassed by a Russian crime ring, the largest known collection of such stolen data.
Hold Security of Milwaukee, Wisconsin, disclosed earlier this month that it had discovered the credentials, collected over several years from approximately 420,000 websites and other servers.
Recent research suggests 90 percent of all existing data has been generated in the last three years, leaving telecom carriers to grapple with how to manage this data deluge effectively and still turn a profit. The answer may lie in Software Defined Networking (SDN) and Network Functions Virtualization (NFV). Based on Commercial-Off-The-Shelf (COTS) hardware, one immediate benefit of both technologies is the potential to reduce cost, for vendors and their carrier customers.
(Reuters) - Network equipment maker Cisco Systems Inc said on Thursday its plan to slash 6,000 jobs will result in restructuring charges of $700 million in cash in the year ending July 2015.
The latest round of layoffs, announced on Wednesday, is at least the fourth workforce reduction in about as many years for a company once synonymous with the Internet boom and could spark a shakeup in management, analysts said.
Shares in Cisco, still the world's largest networking equipment maker, were down 2.7 percent at $24.52 on the Nasdaq.
WASHINGTON (Reuters) - U.S. regulators' new "net neutrality" rules should classify Internet providers more like public utilities to prevent them from potentially slowing users' access to some Web content, the New York Times said in an editorial in Thursday's newspaper.
The statement comes as the Federal Communications Commission is preparing to set the new rules, which would regulate how Internet service providers, or ISPs, manage traffic on their networks. In January, a federal court struck down the agency's previous version of those rules.
(Reuters) - Search engine Google Inc and five Asian telecom and communications companies have agreed to invest about $300 million to develop and operate a trans-Pacific cable network connecting the United States to Japan.
To be named "FASTER," the cable network will have an initial capacity of 60 terabits per second and will connect Los Angeles, Portland, San Francisco, Oregon and Seattle to Chikura and Shima in Japan.
A global tier 1 Service Provider (SP) was experiencing a common issue: its circuit inventory data was untrustworthy, so it could not rapidly isolate faults and lacked the granular network intelligence to build out capacity, when and where it was needed. The SP had tried the common solution of periodically purchasing costly blanket bandwidth upgrades but still encountered the symptoms.
FRANKFURT (Reuters) - The European Central Bank (ECB) has no plans to end its business relations with U.S. telecoms firm Verizon Communications Inc, ECB President Mario Draghi said in response to a query from a member of the European parliament on Thursday.
The German government said in June it had canceled a contract with Verizon as part of an overhaul of its internal communications, prompted by revelations last year of U.S. government spying.
In the letter to Fabio De Masi, Draghi wrote that the ECB "takes the threat of economic espionage very seriously".
With the introduction of the iPhone in 2007 came the beginning of a global mobile revolution. Since then, mobile computing has transformed every aspect of our lives with smartphones and tablets outselling laptop computers as the primary means of network communication. In fact, this growth will only accelerate in the coming years, as the next wave of mobilization will create even more data from enterprise mobility, wearable computing and the Internet of Things (IoT).