Daily Wrap Up - Tech July 28.

<strong>Courts approve Nortel wireless sale to Ericsson</strong>

The $1.13 billion sale of Nortel Networks' prized wireless assets to Swedish telecoms equipment maker Ericsson received the blessing of Canadian and U.S. courts on Tuesday, with a U.S. bankruptcy judge praising the bidding process. Read Full Article here.

<strong>IBM to buy tech software company for $1.2 Bln</strong>

IBM Corp. said Tuesday it plans to acquire SPSS Inc., a technology services company that helps businesses predict future trends and observe consumer patterns and behavior, for $1.2 billion. SPSS shareholders will receive $50 a share, a 42 percent premium to Monday's closing price of $35.09 on Nasdaq, according to a company statement. <a href="http://www.ibtimes.com/articles/20090728/ibm-buy-tech-software-company-for2-bln.htm" target="_blank">Read Full Article here</a>.

<strong>Ontario wants Nortel division sale stopped</strong>

Ontario Finance Minister Dwight Duncan is pressing the Canadian government to block the proposed $1.13 billion acquisition of Nortel Networks Corp's wireless division. Duncan told the paper the Ontario government, which is spending billions of dollars to encourage development of high-technology companies, is dismayed that a foreign company would benefit from Nortel's assets. <a href="http://www.ibtimes.com/articles/20090728/ontario-wants-nortel-division-sale-stopped-report.htm">Read Full Article here</a>.

<strong>Apple rumored to release media tablet in September</strong>

Leaked rumor reports from the Chinese Apple Daily suggest Apple is set to launch the Apple media tablet - aka the Apple Media Pad - in September, with analysts and traders agreeing. This media tablet will accomplish three things without cannibalizing the Macs: First it will be an e-reader that serves as a newspaper/magazine/book replacement, second it will be even more ideal than the iPhone for those who want to play games, watch movies, and use the apps from the app store. <a href="http://www.ibtimes.com/articles/20090728/apple-media-tablet-september-stock-price.htm" target="_blank">Read Full Article here</a>.