This is my monthly very high level look at events in the ICT industry over the month of March … with brief mention of March 2007. More details will be available at the Eagle website over the next day or two.
A year ago, in March 2007 Cisco was “on a tear” announcing 3 acquisitions, including the $3.3 Billion purchase of WebEx and Microsoft paid about $800 Million for Tellme networks. That was the big news a year ago.
For March of 2008 there continues to be concern about the economy although M&A activity continues at a reasonable pace. This month saw Microsft announce three separate deals (one reputedly in the $100Million range); the biggest deal of the month was AOL’s $850 Million purchase of social networking company Bebo; Acer continue on their acquisition trail, paying $290 Million for E-Ten and Synopsis paid $227 Million for another semiconductor company Synplicity. IBM, EDS, Alcatel-Lucent, Red Hat and EMC all had their cheque books out this month too.
Motorola announced that it is going to split into two separate companies (one mobile company and the other networking). Gartner predict a slowdown in chip sales and mass layoffs are increasing. Finally in another sign of the growth of the Asian economy China tells us it has more internet users that the US.
That’s what happened in the technology world in March 2008!
Don’t forget more details are available at the Eagle website.