SOFTWARE

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Palm shares sink after Apple closes iTunes sync

Shares of Palm Inc fell more than 3 percent on Thursday after Apple Inc closed a loophole in iTunes that had allowed the music management software to be synchronized with Palm's Pre phone.

Google faced rougher landscape in second quarter

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Wall Street expects Google Inc to report tepid revenue growth for the second quarter on Thursday amid a tough advertising market and a sharpened attack on its business by rival Microsoft Inc .
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Daily Wrap up July 13 - Tech

After more than a month's delay, space shuttle Endeavour and seven astronauts thundered into orbit Wednesday on a flight to the international space station, hauling up a veranda for Japan's enormous lab and looking to set a crowd record.
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Mid-day Minute - July 15 Tech

Microsoft Corp. unveiled some of the pricing for its cloud computing platform, Windows Azure. It will offer a discount of 15% to 30% to developers and resellers who agree to work with them for six months or more. In the pay-per-use category, the company will charge 12 cents an hour for computing, 15 cents per gigabyte for storage and 10 cents per 10,000 storage transactions.
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Sun earnings to miss forecasts; Oracle unfazed

Sun Microsystems Inc warned that quarterly results will sharply miss Wall Street projections, but the news did not appear to faze Oracle Corp , which is buying the company for $7 billion.
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Software AG to buy IDS Scheer

Germany's Software AG said it will buy IT consultancy group IDS Scheer for almost 500 million euros ($696 million) in what will be the first major corporate takeover in Germany this year.
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Investor values Facebook common stock at $6.5 billion

Russia's Digital Sky Technologies said it will pay $14.77 a share for Facebook common stock, boosting its stake to as much as 3.5 percent and valuing the world's largest online social network at about $6.5 billion.
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Investor to pay Facebook employees $14.77 a share

Digital Sky Technologies will pay $14.77 a share for Facebook common stock, in a deal that values the world's No. 1 Internet social network at roughly $6.5 billion, according to a person familiar with the matter.
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Six in 10 companies plan to skip Windows 7: survey

Six in 10 companies in a survey plan to skip the purchase of Microsoft Corp's Windows 7 computer operating system, many of them to pinch pennies and others over concern about compatibility with their existing applications.

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