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Posts Tagged ‘hp’

Dell says IBM-Sun talk creates business opportunity

Tuesday, March 24, 2009 : Permalink

Reuters – The chief executive of Dell Inc said on Tuesday that talk of IBM possibly buying Sun Microsystems was providing an "enormous opportunity" to the world’s No. 2 PC maker in the corporate server market.

Michael Dell said such talk created uncertainty over the future of Sun’s Solaris-based servers and accelerated a customer migration to the servers based on standard industry components, known as x86 servers, which are Dell’s mainstay product.

Apart from the potential IBM-Sun union, Dell is also facing an uphill battle with network equipment maker Cisco Systems with and Hewlett-Packard. Cisco has announced a foray into the server market and HP has started to offer a more complete package of technology services to its corporate clients after its purchase of EDS.

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Madoff Trustee Locates Assets of $75 Million

Tuesday, March 24, 2009 : Permalink

Wall Street Journal – A lawyer for the court-appointed trustee liquidating Bernard Madoff’s firm confirmed they have located an additional $75 million in Madoff assets — a figure that would put the total above $1 billion.

A lawyer for the court-appointed trustee also said Monday that French authorities are moving to seize Mr. Madoff’s residence in France, to satisfy claims by victims in that country. The residence in Cap d’Antibes, France, was valued at about $1 million, according to a statement of Madoff’s assets as of Dec. 31, 2008.

Last week, U.S. prosecutors indicated they plan to seek the forfeiture of the residence in Mr. Madoff’s criminal case, in which he pleaded guilty earlier this month to perpetrating a massive Ponzi scheme. It wasn’t clear if French efforts would conflict with U.S. recovery efforts. A spokeswoman for U.S. prosecutors did not immediately comment.

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