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EMC to Acquire Iomega
EMC reached an agreement to acquire Iomega, a maker of data storage and protection systems for consumers and small businesses, for $213 million in cash. EMC says the deal will increase the company's expertise and reach into the rapidly-growing consumer and small business markets. Upon completion, Iomega will serve as the core of the company's consumer/small business products division, led by Iomega CEO Jonathan Huberman.
Online Sales to Climb Despite Economy
Despite fears over a possible recession, Americans will continue to flock to the Internet for clothing, computers and even cars, a report released this week by Forrester Research predicts. In the 11th annual State of Retailing Online study, conducted by Forrester for Shop.org, the research firm predicts retail sales will rise 17 percent this year to $204 billion. Apparel, at $26.6 billion, computers, $23.9 billion, and autos, $19.3 billion, will make up the three largest categories. "From higher shipping costs to changes in consumer shopping habits, online retailers are not immune to the current economic climate," said Scott Silverman, executive director of Shop.org in releasing the report. "But the fact that online sales will increase substantially this year demonstrates the resilience of the channel and is a testament to the value and convenience most customers find when shopping online." Forrester interviewed 125 online retailers for the study.
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Callaway Golf Chooses UGS Portal
Golf equipment manufacturer Callaway Golf has implemented a Web-based portal using UGS Teamcenter Community Collaboration, for product lifecycle management. The offering, based on Microsoft Office SharePoint Server, will allow Callaway Golf and its supply chain partners to share documents and collaborate on new designs.
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Compiled by Mel Duvall,
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