Are you looking for the fastest internet connection in the Philippines? Sky Cable Corp. has raised the bar in the broadband war, by offering a 112 megabytes per second (mbps) broadband service in the Philippines from its previous 6 to 12 Mbps. The Lopez owned cable company’s new internet service speed has left other local telecommunications firms broadband service of 1 to 2 mbps.
The exodus of top executives of high profile technology groups continues. Hewlett-Packard CEO Mark Hurd resigned after the sexual harassment investigation against his relationship with a female contractor found he violated the company’s business standards.
The technological world is becoming the survival of the richest. The recent HP acquisition of Palm for about $1.2 billion, is an indication that the number technological players is shrinking.
On2 shareholders approved the acquisition valued at $124.6 million which is $18 million more than the original value stated during the 2009 announcement.
On2 is the main provider of video compression technologies for mobile video, embedded devices, Adobe Flash Player and VoIP (voice over Internet Protocol). Skype, Nokia, Sony and Adobe, are among its major customers.
Google hopes that acquiring On2 would provide more innovation in its online video quality.