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While economists and investors fret over rising unemployment and fears of a double-dip recession, investment bankers and corporate lawyers are practically giddy over a recent surge in mergers and acquisitions activity in the tech sector, replete with limos, late dinners and potentially fat fees...
...decision to buy Tandberg, Xerox's plan to acquire Affiliated Computer Services, Dell's pending purchase of Perot Systems and Adobe Systems Inc.'s acquisition of Omniture have given analysts and investment bankers optimism that a nearly two-year drought in M&A activity is finally over, with tech leading the way out. (See the 10 biggest tech failures of the decade...
...will win? Randy Coats, vice president of interactive for Scripps Howard Newspapers, will make the decision for his 13 newspapers. He believes that tech companies that base their proposals on existing tools stand the best chance; Google is the favorite, he adds, because of its proven track record in monetizing online content. "This is way too important for us to be trusting vaporware...
...omen when the power went out halfway through the Governors' Global Climate Summit? The 1,200 representatives from more than 70 states, provinces and countries in attendance at California Gov. Arnold Schwarzenegger's global warming conference were about to convene for panels on the green economy and clean-tech innovation, when the lights suddenly went dark at the Hyatt Regency Century Plaza Hotel in Los Angeles. There was a bit of confusion (given California's state budget woes, one had to wonder whether the power bill was past due), but soon enough the attendees shrugged and continued on with...
...time. While Washington under President George W. Bush all but ignored climate change, California - with the Republican Schwarzenegger sometimes leading and sometimes following - embarked on its own green path, passing a landmark carbon-emissions cap for the state in 2006 and aggressively promoting renewable energy. Today, California's clean-tech sector is a rare bright spot in a state that is struggling with economic problems. California is where "technology met policy," said Terry Tamminen, the former secretary of the California Environmental Protection Agency and now a senior fellow for climate policy at the New America Foundation. (See pictures...