Top 10 tech stories of 2007

This year has been a time of realignment and redefinition, as Apple launched its second zeitgeist-defining product of the new century, Dell and Intel battled to regain their former dominance, the software sector consolidated, Google rallied industry heavyweights around a common mobile device platform, and major vendors scrambled to embrace social networking. So without further ado, here are the top 10 stories of the year:

Software consolidation: The big fish get bigger

While globalization has fueled IT mergers and acquisitions for several years,
consolidation in 2007 fundamentally reshaped the software industry. Facing saturated
markets and nimble, innovative rivals, SAP, IBM and Oracle have snapped up competitors
and partners in order to expand customer lists and acquire expertise and technology
in hot areas such as business intelligence and software as a service. Some of
the bigger deals this year included: SAP's US$6.8 billion acquisition of Business
Objects, IBM's $5 billion deal for Cognos, and Oracle's $3 billion buyout of
Hyperion. As usual, Oracle provided the most drama, with a $6.7 billion offer
for BEA, which was successfully rebuffed -- at least, for now. While innovative
entrepreneurs are bound to continue bringing startups to market, it's getting
harder for medium-size vendors to refuse deals with the giants.

Dell reinvents itself

For years, Dell remained the world's number-one vendor in the cutthroat PC
business by exercising unmatched control over logistics and sticking to its
direct-sales model. But by 2006 HP unseated Dell as global PC leader. Dell seemed
to lose its way as rivals adopted better supply-chain management techniques,
and inquiries into accounting practices forced the company to delay earnings
reports. In January, founder Michael Dell took back the CEO reins and the company
expanded offerings for the enterprise, increased services for medium-size businesses,
and departed from its traditional business model to start selling products in
stores. Dell also plans to expand in growth markets globally. Early results
are promising: Dell had record revenue growth for the third quarter, fueled
by an increase in worldwide notebook sales.

The iPhone: Apple redefines a market, again

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