TECHNOLOGY

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.

Just three months after iTunes hit the 1 billion milestone, and after Saturday's one-year anniversary of the popular mobile app store - iTunes has now reached a record number of 1.5 billion downloads.

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.

Sun Microsystems Inc , the computer server maker being acquired by Oracle Corp , issued a revenue forecast that fell short of Wall Street estimates.

Facebook netted a $6.5 billion valuation for its common shares on Monday, further underscoring the fast-growing Internet social networking site's high rank among technology and media industry heavyweights.

Sun Microsystems Inc , the computer server maker that is being acquired by Oracle Corp , said on Tuesday it sees quarterly revenue falling short of Wall Street estimates, and a net loss.

Google reports earning reasults on Thursday after the closing bell. Analysts expect $5.06 a share in profit, up from $4.63 last year.

The ever-weakening job market could well lead to an increase in online crime as laid-off workers, especially those with computer skills, turn to scams to support themselves, Cisco Systems Inc said in a mid-year security report to be released on Tuesday.

China has banned electro-shock therapy as a treatment for Internet addiction, citing uncertainty in the safety and effectiveness of the practice after criticism in the local media.

Blockbuster Inc on Tuesday announced an agreement that allows consumers to instantly view movies and video from its OnDemand service on Samsung's televisions and electronics devices.

Take Two Interactive Software Inc cut its financial outlook for the next two quarters due to the delayed release of its BioShock 2 video game and lower-than-expected retail orders for other titles.

Take Two Interactive Software Inc reduced its financial forecast for the fiscal third quarter, as it delayed the release of one of its new video game titles and confronted tougher-than-expected retail conditions.

Dell Inc expects to report a slight sequential increase in revenue for the quarter ending July 31, but it forecast a modest decline in gross margins due in part to higher component costs and an unfavorable mix of products.

Patent licensing firm Mosaid Technologies Inc said on Monday it was taking IBM to court for allegedly infringing on six of Mosaid's U.S. patents.

Russian investment group Digital Sky Technologies has placed a tender offer to purchase up to $100 million of common stock from current and former Facebook employees., according to media reports.

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.

Microsoft Corp will release three versions of its dominant Office software that users can access over the Web, catching up with products that rival Google Inc launched three years ago.

Microsoft Corp will release a free version of its dominant Office software that users can access over the Web, catching up with products that arch rival Google Inc launched three years ago.

The Dow and the S&P 500 indexes pared gains on Monday, while the Nasdaq turned negative, as caution about the latest earnings season persisted, and investors fretted about the survival of CIT Group Inc , which provides financing to many small and mid-sized businesses.

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.

Microsoft Corp is pitching to five of the world's biggest advertising companies a deal to buy Razorfish, its digital ad agency, The Wall Street Journal reported on Sunday, citing executives familiar with the situation.

LG Electronics Inc, the world's No. 3 handset maker, is launching an online store for mobile phone applications Tuesday with an initial focus on Asia and aspirations for a more global reach by year-end.

Thunderstorms have forced NASA to delay Sunday evening's launch of space shuttle Endeavour, making it the fourth time the shuttle is delayed.

Heavy clouds near the Kennedy Space Center forced NASA to call off Sunday's launch of the space shuttle Endeavour on a mission to deliver a Japanese-built porch to the International Space Station.

Silicon Valley startups, increasingly dropping Microsof and turning to Web-based software, may be the crucial opening Google needs for its Chrome operating system.

A television advert for an Israeli cellphone firm showing soldiers playing soccer over the West Bank barrier has sparked cries of bad taste and prompted Arab lawmakers on Sunday to demand it be taken off air.

Shuttle Endeavour is ready for liftoff for its latest mission to space on Saturday; however, forecasters are predicting a 60 percent chance of afternoon and evening thunderstorms and electrical activity that could cause another delay.

North Korea's military is behind a series of cyber attacks against South Korean and U.S. websites that slowed or disabled access by saturating them with traffic this week, a South Korean news report said on Saturday.

Power.com, a San Francisco based aggregator of social networking sites, on Friday sued Facebook in a California court to try to resolve who owns data on social networking websites -- users or the sites.