Microsoft will announce additional layoffs in its Nokia smartphone division this week, sources say. The company last year announced 12,500 jobs cuts from the Nokia division. Microsoft says it has "nothing to share" at this time.
Altera shareholders Cadian Capital Management and TIG Advisors reportedly have asked management to resume talks with Intel, sources say. Some analysts say Broadcom may be a better acquisition target for Intel.
Microsoft reportedly paid about $100 million for calendar application creator Sunrise. Sunrise will remain a separate application while Microsoft applies parts of the company's technology to future products, sources say.
Box reportedly has put off its initial public offering until its fiscal fourth quarter, which ends in January. The company was initially expected to complete its IPO in June or September. "Our plan continues to be to go public when it makes the most sense for Box and the market," an unidentified spokesperson said in an e-mail.
Intellectual Ventures, which is attempting to raise $3 billion, reportedly has reduced its purchases of patents. The firm holds about 70,000 patents and other intellectual-property assets. Intellectual Ventures declined to comment on the report.