On Thursday, the networking bigwig Cisco Systems announced its intentions of taking over the San-Francisco, California-based Pure Digital Technologies, the manufacturer of the popular Flip Video camcorder.
The San-Jose, California-based Cisco plans to strike a $590-million-in-stock deal with Pure Digital. In exchange, Cisco will gain all the Pure Digital shares, as well as a robust gadget startup that would further its foray into the consumer marketplace. The deal would likely close in Cisco's fiscal fourth quarter, ending July.
California (US), Mar. 21: California Governor Arnold Schwarzenegger has said President Barack Obama''s gaffe on Special Olympics was a mistake that anyone could committ.
Schwarzenegger who met Obama on Friday about infrastructure funding, following a town hall meeting Thursday in California, dismissed the president''s Special Olympics quip as a goof that could happen to anyone.
Indian Wells, California - On-fire American Andy Roddick dismissed Novak Djokovic 6-3, 6-2 to send the defending champion out in the quarter-finals of the Indian Wells Masters on Friday.
The 68-minute rout improved Roddick's best start of his career. He stands 23-3 after playing in his fifth quarter from as many events in 2009.
Djokovic, who won Dubai last month but crashed to a pair of Davis Cup defeats a week later in Spain, was humbled in a little over an hour. Roddick ended each set with a break as the Serb lost serve four times.
Indian Wells, California - Vera Zvonareva followed up on a Grand Slam semi-final with a win into the final of the Indian Wells Masters on Friday, defeating doubles partner Victoria Azarenka 6-3, 6-3.
The fourth-seeded Russian winner took less than 90 minutes to go through in spring heat in the desert. Zvonareva, who reached the Australian Open final four, now owns a
4-0 record over Azarenka and has not lost a set in that series.
Indian Wells, California - The WTA will take a hard financial line with the Williams sisters, who have boycotted the Indian Wells Masters since a booing incident in 2001.
Tour boss Larry Scott says that Venus and Serena will pay the price for their continual absences from the required event. "There will be sanctions despite the personal issues of the Williams sisters," said Scott. "They will pay significant consequences."