Ariba has called off its proposed $2.55bn purchase of Agile Software, after issuing a profits warning overnight.
Although originally worth $2.55bn, Agile would actually have received just $400m in Ariba shares following falls in Ariba's share price.
Ariba is to cut 700 jobs after posting a loss of $51m for the three months to April, only half expectations. Analysts had expected it to make a profit of around $12m.
Compaq axe falls on Scottish plant
Compaq is shedding 700 jobs at its Erskine computer assembly plant in Scotland as part of 5000 jobs cut worldwide, and will outsource the work to a Taiwanese-owned company based in the Czech Republic.
The job losses are the first big Scottish casualty of the slowdown in the US economy. About half of Scotland's output of computers, semiconductors and electronic components, its biggest manufacturing and exporting sector, comes from US-owned plants. However, 2400 staff based in Ayr will be unaffected.
Microsoft says sorry over hidden modem costs
Microsoft will write an essay for publication in US newspapers detailing the limitations of its PocketPC.
The letter comes by way of apology for a series of ads shown in April 2000 that claimed its handheld came with built-in internet access. In fact, the modem costs extra.
Microsoft categorised the spat as a disagreement over the size of the small print.
IBM offers IP-based Storage
IBM has started selling storage equipment from Nishan Systems based on IP rather than fibre channel network.
Red Hat sued by its investors
A lawsuit filed in New York on Tuesday has accused Red Hat of misleading potential investors in its IPO prospectus.
It alleges that the prospectus does not make clear how the IPO underwriters Credit Suisse First Boston and Goldman Sachs planned to sell their shares, and asks for unspecified damages.
Cotton seedling freezes to death as Chang'e-4 shuts down for the Moon's 14-day lunar night
Fortnite easily out-earns PUBG, Assassin's Creed Odyssey and Red Dead Redemption 2 in 2018
Meteor showers as a service will be visible for about 100 kilometres in all directions
Saturn's rings only formed in the past 100 million years, suggests analysis of Cassini space probe data
New findings contradict conventional belief that Saturn's rings were formed along with the planet about 4.5 billion years ago