Oracle offered $6.7 billion for BEA, which said the bid "significantly undervalues" the software firm. BEA shares soared 38%.

  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.

  Qualcomm dueled in federal court with its hired attorneys over who shoulders the blame for what a judge called "gross misconduct on a massive scale" at a past trial.

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

  The Nasdaq rebounded Friday, climbing 0.9% for the week, as inflation and retail-sales data cheered 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.

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

  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.