Business Briefs

Intel boosts high-performance chip capabilitiesIntel will buy Denmark-based communications chip design company Giga in an all-cash transaction valued at $US1.25 billion. Giga is a semiconductor design company specialising in communications chips for use in optical networking products that, for example, are used to direct traffic across the Internet and corporate networks, Intel said. Officials said the acquisition will help Intel target the market for high-performance networking chips for the fibre-optic infrastructure that the company sees as a necessary foundation for the future growth of the Internet. Upon completion of the acquisition, Giga will become a subsidiary of Intel and will report within Level One Communications, another wholly owned subsidiary that is part of Intel's Network Communications Group, Intel officials said. www.intel.comJD Edwards forms B2B unitJD Edwards is setting up a new business unit that will try to market the company's application software to business-to-business trading exchanges. The new e-commerce unit will combine JD Edwards' order-fulfilment and supply-chain collaboration tools with online procurement and business-to-business marketplace software developed by Ariba. Michael Schmitt, a senior vice president at JD Edwards, was named as head of the new business unit. Schmitt previously ran the company's sales and marketing operations. www.jde.comCisco hits the acquisition trail againCisco Systems is buying up again, this time acquiring two privately held US companies for more than $US500 million worth of stock. Cisco currently holds an 8 per cent stake in InfoGear, but will pay $US301 million to take control of the company, which makes Internet appliances and software used to manage information appliances. Meanwhile, Cisco will pay $US200 million in stock for JetCell, whose products, currently in trials, give enterprise customers' employees the ability to use a standard mobile phone to access their corporate voice system and roam from their private corporate network and the public mobile network, Cisco said. www.cisco.com Oracle Q3 profits soar 80 per centOracle reported an 80 per cent increase in profits to $US498 million for its third quarter ended February 29. Oracle executives attributed the results to cost-saving efforts the company initiated nine months ago, which dramatically reduced operating costs, and to overall increases in sales across the company's product lines. Both efforts, company executives said, owe their success to the Internet. Oracle database system sales rose 32 per cent to $US778 million, while application sales rose 35 per cent to $US199 million. Sales of customer relationship management software increased 179 per cent, according to the company. Oracle's consulting, education and support revenue together grew 10 per cent to $US1.4 billion. Overall revenues rose 18 per cent to $US2.45 billion from $US2.08 billion. www.oracle.com

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