Latest financial news.
EMC layoffs loom, 10/17/06
Even as EMC expands beyond network storage technology into security, virtualization and content management, it is preparing to cut as many as 1,250 jobs.
HP exec jumps ship to head up Opalis, 10/16/06
As HP brings on staff to ensure its business practices are up to par, the company is also losing existing executives to potentially bigger and better — and perhaps less scandalous — opportunities at up-and-coming vendors.
FCC pushes off AT&T/BellSouth decision again, 10/13/06
The FCC Friday pushed off a planned vote on the proposed AT&T and BellSouth merger.
Internap buys VitalStream, 10/13/06
Internap Network Services announced Thursday that it would acquire VitalStream Holdings in a stock deal valued at about $217 million.
Microsoft security chief Fathi is moved out, 10/12/06
Just seven months after being named as Microsoft’s security czar Ben Fathi has set his sights on a new job.
Vendors clamor to get their SOA messages heard, 10/12/06
As enterprises become more involved with service-oriented architectures, vendors are lining up new wares to help. IBM, Layer 7 Technologies and Mercury Interactive unveiled SOA-focused products and services in recent days, and Microsoft staged an …
IBM moves global procurement headquarters from U.S. to China, 10/12/06
IBM has shifted its global procurement headquarters from Somers, N.Y., to Shenzhen, China, a move that initially is more symbolic than any kind of upheaval in the company’s purchasing operations. For now, the move involves the relocation of one person.
Microsoft launches new service through Colloquis buy, 10/12/06
Microsoft has purchased software vendor Colloquis and is offering the company’s technology as a new Windows Live hosted service that lets businesses use digital language-processing to interact with customers online.
Vista-ready products to ship for holidays, Microsoft says, 10/12/06
Microsoft continues its efforts to inform customers that they can purchase products compatible with Windows Vista as soon as the operating system is available.
Sony’s new Walkman players pack noise canceling, 10/12/06
Sony is packing its new Walkman digital music players with noise-canceling and other audio-enhancing technology in its latest attempt to challenge the dominance of Apple’s iPod.
Palm hopes operators will help win more Asian sales, 10/12/06
In a bid to replicate the Treo’s U.S. success in Asia, Palm Inc. has reworked its distribution strategy, betting that closer ties with Asian operators will translate into higher smart-phone sales in the region.
Nokia completes navigation software company buy, 10/12/06
Nokia Thursday completed its acquisition of navigation software company Gate5, just a week after licensing hundreds of navigation patents from Trimble Navigation.
Nortel CTO mixed on divested products, 10/12/06
Nortel has had to divest numerous product programs in order to cut expenses and return to profitability.
HP hires Ethics and Compliance Officer, 10/12/06
HP is hiring a chief ethics and compliance officer to make sure its businesses practices, sullied by a boardroom spying scandal, remain on the straight and narrow.
PalmSource adopts Access name, 10/12/06
PalmSource will adopt its parent-company’s name, nearly a year after being acquired by Access Co.
Stock options scandal leads to big changes at McAfee, 10/11/06
A major, executive shake-up is under way at security software vendor McAfee, including the firing of the company’s president in the wake of a stock-options investigation.
Adobe buys Actimagine, extends mobile offerings, 10/11/06
Pushing deeper into the market for mobile phone applications, Adobe has agreed to acquire Actimagine, a French developer of video and interactive vector graphics technology.
Infosys posts strong revenue, profit growth, 10/11/06
India’s second largest outsourcer, Infosys Technologies reported growth in revenue and profits for the quarter ended September 30 this year, riding a boom in outsourcing to India.
Troubled TalkTalk buys AOL UK, 10/11/06
While thousands wait for service from its struggling TalkTalk broadband service, Carphone Warehouse has snatched 2.1 million new customers by buying AOL UK.
Opinion: Ray Noorda: A friend to network managers, 10/10/06
A friend of mine died the other day. A friend of mine, and a friend of yours, too. You may never have met Ray Noorda, never have seen him speak or read anything he wrote. Heck, you may never have been in the same state as him at any time. But if you’ …
Gartner: Ballmer talks about Microsoft’s future, 10/10/06
Five years from now Microsoft customers will approve of the fact that the vendor’s products are not free, because they’ll find great value in what the company offers, Steve Ballmer, CEO at Microsoft, predicts.
Remembering Novell’s Ray Noorda, 10/10/06
Ray Noorda, who became known as the “father of network computing” for building Novell into a dominant LAN company in the 1980s and 1990s, is being remembered the day after his death as one of the industry’s fiercest competitors and humblest contributors.
Microsoft denies BayStar connection, 10/10/06
Microsoft has denied allegations that it offered to guarantee an investment made in The SCO Group, a software company embroiled in a long-standing intellectual property dispute with IBM.
Linksys acquires DSL software vendor, 10/10/06
The integration of broadband gateways into home networking is jumping forward with an acquisition set to be announced by Cisco’s Linksys division on Tuesday.
