Oracle made a $6.66 billion offer for business-management software maker BEA Systems, which has been under pressure from investor Carl Icahn to consider a sale. BEA said the offer "significantly undervalues" the company.

  Music startup Snocap pared back its staff as a prelude to a possible sale of the company, which was co-founded by Napster creator Shawn Fanning.

  Electronic Arts agreed to buy a videogame developer for $860 million from private-equity firm Elevation Partners.

  Kodak said it will end its long-standing role as the official imaging sponsor of the Olympics after the 2008 Beijing games.

  The Nasdaq recovered ground Friday after technology shares tumbled in the previous session, as inflation and retail-sales data cheered some investors.

  Samsung's net profit rose 1% as weakness in the semiconductor division dragged down the improvements of its cellphone and other flat-panel divisions.

  AT&T won partial regulatory relief from the Federal Communications Commission on some rules governing the commercial broadband market.

  Sony Ericsson's net fell 10% despite a 31% jump in cellphone shipments driven by a push into emerging markets.

  3Com said Huawei won't have access to "sensitive" U.S. technology, aiming to allay concern over 3Com's proposed sale to Huawei and Bain Capital.

  Infosys posted an 18% rise in net profit for its fiscal second quarter, but the software exporter's shares fell sharply as investors continued to worry that a rising rupee will hurt results.

  Sanyo said it is in final negotiations to sell its mobile-phone operations to Kyocera, in a sign that Goldman Sachs and other investors who bailed out the electronics maker last year are getting their way.

  Virgin Mobile's shares rose 5% in the company's New York Stock Exchange debut after opening flat with the cellphone company's IPO price.

  DirecTV is planning to offer as many as 100 channels of high-definition television by year's end, and cable companies are scrambling to keep up by reclaiming bandwidth and adding high-definition video on demand.

  The government has set aside $1.5 billion to subsidize converter boxes that make old TVs digital-capable, sparking a race for profits among a handful of manufacturers.