FRAMINGHAM (03/17/2000) - Intel Corp. last week announced that it will buy Denmark-based communications chip design company Giga AS in an all-cash transaction valued at $1.25 billion. Upon completion of the acquisition, Giga will become a subsidiary of Intel and will report within Level One Communications Inc., another subsidiary that's part of Intel's Network Communications Group.
In an effort to create a mobile communications software powerhouse, telecommunications software and services providers Sema Group PLC and LHS Group Inc. have agreed to an all-stock merger transaction valued at $4.7 billion, the companies announced last week. Under the terms of the agreement, London-based Sema will swap 2.6 shares for each share of Atlanta-based LHS, which have been valued for the deal at $69.70 apiece.
E.piphany Inc., a San Mateo, Calif., vendor of marketing data analysis software, last week said it plans to buy privately held Octane Software Inc. in a stock-swap deal valued at about $3 billion. Octane, also based in San Mateo, makes customer relationship management (CRM) software that lets call center workers deal with customers via the phone, e-mail, faxes or the Web.
Database giant Oracle Corp. last week reported an 80 percent increase in profits for its third quarter. The Redwood Shores, Calif.-based software company reported net income of $498 million, or 17 cents per share, for the quarter ended Feb. 29, up from $277 million, or 9 cents per share, during the same period last year. Oracle executives attributed the results to overall increases in sales across the company's product lines and to cost-saving efforts the company initiated nine months ago, which dramatically reduced operating costs.