All the week’s IT market news.
Symantec grabs Altiris for $830 million, 01/29/07
Symantec will acquire Altiris, a maker of asset management software for mobile devices and other hardware, for $830 million, the companies said Monday.
Verizon revenue up, but net income down, 01/29/07
Verizon posted net income of $1 billion for the fourth quarter of 2006, compared to $1.7 billion for the fourth quarter of 2005, the company reported Monday.
Nokia, Siemens to share proposed product plan, 01/29/07
In another sign that Nokia and Siemens are confident that the merger of their network equipment divisions will go through, the companies announced they will start sharing their proposed product portfolio in early February.
CA outsourcing HR functions; loses three senior VPs, 01/26/07
CA Thursday confirmed that three senior vice presidents have or will leave the company this month and said up to four additional CA workers will depart their jobs in Long Island because of a $60 million outsourcing deal for human resources functions.
Microsoft net income falls by 28% in Q2, 01/25/07
Microsoft’s net income fell 28 percent year over year for its 2007 second fiscal quarter as it spent ahead of its mass market launch of Windows Vista this month.
UPDATE: Wireless boosts AT&T’s quarterly earnings, 01/25/07
AT&T reported a 17% increase in profits for its latest quarter, citing a substantial increase in new wireless subscribers and wireless service revenues.
Broadcom takes massive $2.24 billion in backdating charges, 01/24/07
Broadcom Tuesday unveiled the largest restatement of financial results related to stock options backdating so far, totalling $2.24 billion.
Symantec storage revenue down; job cuts ahead, 01/24/07
With sales of its storage software dropping, Symantec plans to lay off some staff as part of plans to cut $200 million in expenses.
Alcatel-Lucent expects poor Q4 results, 01/23/07
Alcatel-Lucent Tuesday warned that its fourth-quarter revenue and operating profit will be significantly lower than a year earlier, dragged down by uncertainty among customers and employees about the merger of Alcatel and Lucent, which completed on Nov. 30, 2006.
Level 3 completes acquisition of Savvis’ CDN business, 01/23/07
Level 3 announced Tuesday that it completed its $135.2 million acquisition of Savvis’ content delivery network services business. In the cash deal Level 3 picked up network assets, customer contracts and “intellectual property.”
Sun returns to black after five red-ink quarters, 01/23/07
Sun, fresh from news of a renewed alliance with chip maker Intel, reported its first quarterly profit in more than a year in financial results released Tuesday.
EMC reports strong Q4, full-year results, 01/23/07
EMC Tuesday reported record revenue for its fourth quarter, propelled by strong growth in its RSA security division and VMware subsidiary.
