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Alcatel to Acquire iMagicTV

Alcatel agreed to acquire iMagicTV, a developer of software for delivering multi-channel digital television over broadband networks, for approximately US$30 million in aggregate. Alcatel…

NYT: SBC Negotiating to Buy DirecTV

SBC Communications is negotiating to acquire DirecTV, according to The New York Times. With a rival bid expected from Rupert Murdoch’s News Corp., the…

Ericsson Names New CEO

Ericsson appointed Carl-Henric Svanberg as its new President and CEO, replacing Kurt Hellström, who will stay with the company until year-end. Svanberg is presently…