A significant upswing in demand for notebooks resulted in a bumper third quarter for PC vendor Acer, which has consequently revised its forecasts for financial 2003.
Progress Software will buy DataDirect Technologies, a privately held company specialising in data access components for software developers, for $88 million.
Labat Africa has been active on the deal front, with the group currently in talks with both Altech and Square One Solutions.
AST has sold its interests in Safeguard iT and Managed Enterprises Resources in IT as part of its "business improvement programme".
LG Premium Service Centre Launch
LG South Africa has launched its premium service centre in Midrand, Johannesburg. The centre aims to make it easy for LG customers to get their LG appliances fixed directly with LG.
Last week saw a mixed bag of acquisition news, Microsoft`s music settlement and a possible new Nasdaq listing.
The JSE`s decision to close down its venture capital and development capital markets has met with mixed reactions from affected IT companies.
Intel has announced fourth quarter revenue of $8.74 billion and net income of $2.2 billion.
TymeBank announces Retail Capital buyout
TymeBank has reached an agreement with Retail Capital and its shareholders to acquire 100% of the fintech SME funder’s shares, subject to regulatory approval. #newsvideo #TymeBank #Itinbanking
Labat Africa may acquire Altech`s Africard business, depending on whether the Competition Tribunal approves Altech`s NamITech purchase.
Bryant Technology`s auditors have expressed doubt about whether the company can continue as a going concern.
The JSE`s link to London was down for almost three hours this morning, resulting in a fevered attempt to make up for lost time in the afternoon`s trading.
Top business technology headlines 20 - 26 February 2022
A summary of the top business technology stories shared by ITWeb between 20 - 26 February 2022. Visit www.itweb.co.za for more news. #ITWebCloudDatacentresummit2022 #newsvideo #Fraudcases
A more bullish market has prompted Datatec subsidiary Westcon to revive its US listing plan, which was shelved three years ago.
Altech has confirmed it is in talks with Econet Wireless, a company locked in a legal battle with Vodacom.
Staffware has announced a trading performance update for the year ended 31 December, in which it reports record profitability, sales and cash.