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Latest Technology News

Meg Graham / Chicago Tribune:
LinkedIn acquires presentation creation and sharing software startup PointDrive, will integrate technology into its Sales Solution business unit  —  PointDrive, whose CEO is Bill Burnett, left, has been acquired by LinkedIn.  —  Blue Sky Innovation  —  Privacy Policy

Dylan Martin / BostInno:
Citrix to merge GoTo with competitor LogMeIn in $1.8B tax-free deal, LogMeIn CEO Bill Wagner to lead combined company; LogMeIn stock up 19%+ after hours  —  LogMeIn said at market close on Tuesday that it plans to merge with Citrix's GoTo business, one of its largest competitors, in a tax-free deal valued at $1.8 billion.

Alex Sherman / Bloomberg:
Analog chip maker Analog Devices to acquire rival Linear Technology for $14.8B, a premium of 24% to its closing price Monday  —  Analog Devices Inc. agreed to acquire Linear Technology Corp. for about $14.8 billion, potentially restarting a scramble by chipmakers to add scale amid record industry consolidation.

Daisuke Wakabayashi / Wall Street Journal:
Apple beats expectations with quarterly net income of $7.8B, down from $10.68B last year; iPad revenue grows for first time in 10 quarters, to $4.9B  —  Revenue drops for second straight quarter, but shares rise as results still top views  —  Apple Inc. said its quarterly profit fell 27% …

Sarah Frier / Bloomberg:
Twitter's Q3 revenue forecast of $590M-610M is well below analysts' estimates of $681M, a sign it's struggling to win ad dollars as user growth stagnates  —  Twitter Inc. forecast third-quarter revenue that fell short of analysts' estimates, a sign it's struggling to win more advertising dollars as user growth stagnates.