Tag archive: Richmond

Independent PC maker Velocity Micro has acquired boutique shop Overdrive PC for an undisclosed amount, giving the company access to the latter's signature Hyperclocking technology which wrings the fastest reliable speeds out of computer components, giving users the maximum performance from each part. The thought is that by combining Overdrive's capability to create high performance systems with Velocity MIcro's… Read More

Telecommunications giant Verizon has filed suit in a U.S. District Court in Richmond, Virginia, against VOIP operator Vonage, claiming Vonage's VOIP technology violates seven Verizon patents. And it's a pretty heady complaint, asking that the court shut down Vonage because it's infringing on core Verizon patents covering transferring data between packet-switched and circuit-switched networks. The lawsuit is another thorn… Read More

The company, which on Tuesday said it had received an unsolicited buyout offer from private investment firm Highfields Capital Management LP, has been has losing market share to bigger rival Best Buy Co. for several years and has been trying to improve its distribution system and revamp its stores. The 19 stores to be closed had combined revenue of $170 million in 2004. The company said it expects expenses of about $30… Read More

SPX Corp. says Microsoft has agreed to pay it $60 million by Tuesday on its claim that Microsoft had infringed on its patents for conferencing technology. Last month, a jury in Richmond, Va., had found against Microsoft, maintaining that the company had misused software from SPX's Imagexpo unit. The software was embedded as NetMeeting Whiteboard features in various Microsoft products, SPX had maintained. “The $60 million is… Read More