Financial

Your source for the latest news on networking in the financial vertical market.

Toshiba eyes fuel cells, Cell-based TV by 2009
May. 09, 2008
Toshiba plans to begin mass production of Direct Methanol Fuel Cells by March next year and to have a television based on the powerful Cell microprocessor on sale before the end of the same year, it said Thursday.

Google grilled on human rights
May. 08, 2008
Google's shareholders, following the advice of the board, voted down two proposals on Thursday that would have compelled the search giant to change its human rights policies, but the issue dominated the company's annual ...

Wall Street Beat: Mixed earnings, M&A news hit IT
May. 08, 2008
After a slow climb during the height of a generally positive earnings season, the IT-heavy Nasdaq hit turbulence this week, with a mixed earnings report from Cisco, and merger and acquisition news and rumors involving ...

News Corp.: MySpace unit to miss revenue target
May. 08, 2008
Fox Interactive Media, MySpace's News Corp. unit, will fail to meet its revenue projections for this fiscal year, according to News Corp. President and Chief Operating Officer Peter Chernin.

Deep packet inspection protects financial group
May. 08, 2008
Western & Southern Financial Group had what it considered defense in depth for its IP network but recognized that there were still ways that sensitive data might leave the network undetected, so it looked for more ...

Cisco Q3 report card: Lots of A's and B's
May. 07, 2008
Report card on Cisco's Q3 financial results.

Cisco profit falls on acquisition charge
May. 06, 2008
Cisco Systems revenue rose more than 10 percent in the company's fiscal third quarter, though its net income fell due to an acquisition charge and other one-time factors.

Yahoo shares take a hit on Monday
May. 05, 2008
Yahoo's stock lost significant value on Monday, the first day of trading after Microsoft's decision over the weekend to give up on acquiring Yahoo.

Nortel posts loss but says recovery is on track
May. 02, 2008
Nortel Networks reported growing revenue for the first quarter of this year and said its recovery plan is on track, even as it posted another loss.

Wall Street Beat: Earnings, data buoy tech stocks
May. 01, 2008
Positive earnings news this week from vendors including Symantec, Adobe and Comcast, along with macroeconomic news, continued to buoy spirits of IT investors at the tail end of a better-than-expected earnings season for ...

Sun blames revenue drop on weak US economy
May. 01, 2008
With its US$1 billion acquisition of MySQL now behind it, Sun reported financial results on Thursday that show the company is still struggling to boost its revenue.

Yahoo goes full steam ahead with 'open' strategy
May. 01, 2008
When Yahoo announced its Yahoo Open Strategy (Y OS) last week, it offered a vision that, if realized, could give back the company the mojo it lost several years ago.

Symantec ends fiscal year with strong earnings
Apr. 30, 2008
With more than half of its revenue now coming from outside the U.S., Symantec ended its fiscal year on a high note on Wednesday.

Alcatel-Lucent's losses continue
Apr. 30, 2008
For the fifth quarter running, Alcatel-Lucent reported a net loss: during the first quarter of 2008, it increased to €181 million.

SAP cuts investment in Business ByDesign as net income falls
Apr. 30, 2008
SAP is putting the brakes on the roll-out of Business ByDesign, its offering for small businesses, it said Wednesday, as it reported first quarter net income down 22 percent compared to a year earlier, on revenue up 14 ...

Time Warner to sell cable division
Apr. 30, 2008
Time Warner plans sell its stake in its cable division, the company said Wednesday during its quarterly earnings call.

TSMC revenue hurt by exchange rates in first quarter
Apr. 29, 2008
Taiwan Semiconductor Manufacturing (TSMC) said exchange rates depressed first quarter revenue and earnings, exaggerating a seasonal decline, but year on year the company bounced back from its low in the first quarter of ...

Mobile, Fios push Verizon income up
Apr. 28, 2008
Verizon Communications posted net income of US$4.3 billion in the first quarter of 2008, up 14.1 percent from a year earlier, driven by customer demand for its mobile voice and fiber-based Internet and television ...

Despite lower IT spending, industry set to party, keep products rolling
Apr. 28, 2008
The network industry will convene this week at its largest trade show and conference, Interop, under the pall of lowered IT spending amid a bearish economy.

Samsung Q1 soars on strong displays, mobile phones
Apr. 25, 2008
Samsung Electronics posted its strongest profit gain in years in the first quarter as sales of LCD screens and mobile phones beat expectations and its chip business didn't perform as badly as feared.

No slowdown for U.S. tech industry
Apr. 25, 2008
Can the U.S. tech industry continue to defy the overall economic downturn?

Wall Street Beat: Strong earnings cheer IT investors
Apr. 24, 2008
Though Microsoft results were mixed, quarterly financial reports over the past few days from a broad range of vendors including Apple, Yahoo, and Sybase are helping to ease concerns of IT investors.

Microsoft earnings flat, despite server launches
Apr. 24, 2008
Microsoft on Thursday reported quarterly earnings in line with Wall Street expectations but down slightly from the same quarter last year, reflecting the challenges the software giant faces in an increasingly ...

Microsoft: Revenue up, income down, online business suffering in third quarter - Network ...
Apr. 24, 2008
Microsoft Thursday posted fiscal third-quarter revenue of $14.45 billion but showed a $228 million loss in its online and services group, which is perhaps further evidence that a Yahoo acquisition may be its best hope ...

Motorola's loss grows during Q1 as handset sales drop
Apr. 24, 2008
Slowing phones sales have hit Motorola, which Thursday reported a first-quarter net loss of US$194 million, compared to a $181 million loss for the same quarter last year.