Daily technology news - 01-Jun-2007

Japanese Stocks May Advance; Technology Shares May Lead Gains (Bloomberg.com)June 1 (Bloomberg) -- Japanese shares may gain, paced by technology companies such as Advantest Corp. after Dell Inc. reported first-quarter earnings that beat analysts' estimates, helping the Nasdaq Composite Index in the U.S. post its biggest four-day gain since March.

I.B.M. to Cut Jobs, Mostly in Technology (New York Times)International Business Machines cut about 1,570 jobs to help improve profit margins in its technology services unit.

MTI Technology Corporation Announces Nasdaq Delisting (SYS-CON Media)MTI Technology Corporation announced today that it has received notification that the NASDAQ Listing Qualifications Panel has determined to delist the Company's securities, effective at the open of business on June 1, 2007. This delisting is a result of the Company's failure to meet the minimum stockholders' equity requirement for continued listing.

PR Newswire Summary of Technology Copy, May 31, 2007 (SYS-CON Media)Following is a summary of high technology news releases transmitted today by PR Newswire. The full text of these releases is available at the PR Newswire for Journalists, http://media.prnewswire.com/.

Clinton outlines technology plan (AP via Yahoo! News) Hillary Rodham Clinton wooed Silicon Valley campaign donors and voters Thursday with a plan to create more high-paying jobs and maintain U.S. dominance in technology.

ESS Technology: Riley Investment Management Calls For Liquidation (SeekingAlpha via Yahoo! Finance) Lon Juricic submits: In a 13D filing after the close on ESS technology Inc. , Riley Investment Management [RIM ] discloses a 1.3 million share stake in the company. RIM believes that the shares are undervalued and that the current restructuring should be expedited with the ultimate resolution of a liquidation of the company.

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Daily technology news - 01-Jun-2007