National Security Panel Will Evaluate IBM Deal
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The pending sale of International Business Machines Corp.'s personal-computer business to a Chinese company will be investigated by the Bush administration to determine whether the deal threatens national security, according to administration and congressional sources.
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American government officials have national security concerns about a Chinese companyâs interest in acquiring Seagate Technology.
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NORFOLK, Va.âGov. Mark Warner today announced that IBM Corp. will spend about $10 million to set up a high-level consultancy in Northern Virginia to focus on issues such as homeland security and intergovernmental interactions.
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BAE Systems is reported to be planning to set up an external ethics committee to look into its arms deals.
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A US government decision to probe IBM's planned sale of its PC business to a top Chinese electronics firm reflects American concerns over China's increasing acquisition of civilian technologies that could add to its military and economic might, some analysts say.
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IBM , the world&#39;s largest  technology services company, said on Wednesday it will buy  privately held security and compliance testing software company  Watchfire Corp. for an undisclosed amount.
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Lawmakers say the deal may pose a threat to national security.
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Panel trying to decide whether to bring formal antitrust charges against the chipmaker, according to a source.
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NEW YORK, December 31  - In a filing with the Securities and Exchange Commission, International Business Machines (IBM.
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Bain Capital, a U.S. equity investment firm, declined to comment Wednesday on news reports that a U.S. government panel reviewing a proposed acquisition of networking vendor 3Com plans to extend its review.Bain would get an 83.5 percent stake in 3Com, and Chinese networking giant Huawei Technologies would get the remaining piece in the $2.2 billion deal. The Committee on Foreign Investment in the United States (CFIUS), part of the U.S. Department of Treasury, is investigating whether the investment by Huawei poses a risk to U.S. national security after Bain voluntarily submitted the deal for review in October.Normally, a CFIUS review runs for 30 days, but the interagency committee can take another 45 days. The Financial Times on Tuesday reported that CFIUS this week would likely take the additional time.A Bain spokesman declined to comment on the news report Wednesday, saying the CFIUS review was a &quot;confidential process.&quot;&quot;Bain Capital is working closely with CFIUS to provide U.S. officials with information about the proposed transaction,&quot; the company said in a statement. &quot;As stated previously, we believe CFIUS will conclude that the company will remain firmly in the control of an American firm, has only a small minority foreign shareholder, and that the deal presents no risks to national security.&quot;Some critics have disagreed. U.S. Rep. Thaddeus McCotter, a Michigan Republican, has called on CFIUS to reject the deal. Huawei&#39;s take in 3Com, which markets intrusion detection systems, would &quot;gravely compromise&quot; U.S. national security, he said in a House floor speech in October.The U.S. Department of Defense uses 3Com intrusion detection products, and Chinese hackers have targeted the agency, McCotter said. &quot;Given this and other instances of communist China&#39;s persistent cyber warfare against us, approving this sale would be an abject abdication of CIFUS&#39; duty to protect America&#39;s vital defense technologies from enemy acquisition,&quot; he said.
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British Airways and other airlines will meet with government officials to discuss security measures.
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Plans by International Business   Machines Corp. IBM.N, the world's largest technology services   company, to acquire MRO Software Inc. MROI.O for $740 million   have received U.S. antitrust approval, U.S. officials said on   Wednesday.
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IBM is discussing selling its PC business to Lenovo Group Ltd., China's largest maker of personal computers, and at least one other potential buyer, according to The New York Times.
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Ziff Davis - IBM's decision to sell its PC business to Chinese computer maker Lenovo Group Ltd. is offering lessons both in how to expand into emerging markets and how federal regulators will view such deals.
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Google executives are expected to testify about their planned $3.1 billion acquisition of DoubleClick, a deal facing scrutiny from federal antitrust regulators.
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The IBM Global Business Security Index will compile threat information from some 2,700 IBM security professionals and half a million monitored devices so the severity of any threats can be analyzed.
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IBM will run the contract and provide mainframe and server consolidation and IT operations for the Texas state government. Contract partners Unisys Corp. will provide data center operations and facilities management.