Latest financial news.
Alcatel and Lucent report rising revenue, 10/24/06
Telecommunications equipment manufacturers Alcatel and Lucent reported increased revenue for the quarter ended Sept. 30.
IBM sues Amazon for patent infringement, 10/24/06
IBM Monday announced it has filed two lawsuits against Amazon.com claiming the Internet retailer has infringed on five IBM patents, including technologies that govern how its site handles customer recommendations, advertising and data storage.
OPENWORLD – Oracle president justifies acquisition policy, 10/23/06
Oracle remains committed to growth via acquisition, according to its President Charles Phillips.
AT&T’s net income, revenue up in Q3, 10/23/06
AT&T Inc. reported net income of $2.2 billion for the third quarter of 2006, up significantly from $1.2 billion before SBC and AT&T Corp. merged last November.
IT spending down, outlook for 2007 weakens, 10/20/06
Forrester Research projects U.S. IT spending in 2006 to fall short of previous expectations and next year’s results to be even weaker.
IBM acquires mortgage industry specialist, 10/20/06
IBM Friday announced plans to acquire Palisades Technology Partners for an undisclosed amount.
EU approves HP buy of Mercury, 10/20/06
The European Commission Friday approved HP’s $4.5 billion acquisition of fellow U.S. software company Mercury Interactive, concluding that the proposed deal would not significantly impede competition.
Telco equipment maker Redback turns profit, sees big revenue jump, 10/20/06
Redback Networks posted a third quarter profit, excluding expenses, on revenue that almost doubled from a year ago.
