Latest financial news.
Cisco to acquire Arroyo for $92 million, 08/22/06
Cisco Monday said it will acquire on-demand video software company Arroyo Video Systems for $92 million.
AOL reviews privacy policy after shakeup
AOL Monday announced steps it is taking to prevent another security breach like one in which subscriber search query results recently were posted online.
Shake-up at Sprint Nextel, 08/22/06
Sprint Nextel announced late Monday that its COO Len Lauer is leaving the service provider, “effective immediately.”
Report: AOL fires CTO in wake of search scandal, 08/21/06
AOL has fired its CTO in the wake of a controversy in which the Web portal and Internet service provider released private search results of thousands of its subscribers, the Wall Street Journal Online reported Monday.
Infosys chairman Murthy bows out, 08/21/06
N.R. Narayana Murthy, co-founder of Indian outsourcer Infosys Technologies and a pioneer of the Indian outsourcing industry, stepped down on Sunday as the company’s chairman.
Timeline severs patent agreement with Microsoft, 08/21/06
Microsoft could face another lawsuit from a patent portfolio company over technology within its SQL Server database.
LogicaCMG buys Swedish IT services company, 08/21/06
In an effort to expand its reach, IT consultancy and outsourcing company LogicaCMG Monday said hat it plans to buy WM-data Nordic in a deal worth £882 million ($1.6 billion) in cash and shares.
WebMethods looks to Cerebra for SOA boost, 08/21/06
WebMethods is adding Cerebra’s semantic metadata management technology to its business integration suite in order to stand out in the crowded service-oriented architecture software market.
Lenovo creates new unit to focus on customer needs, 08/21/06
Lenovo took the wraps off a new business unit Monday, aimed at helping the computer company keep a closer eye on how its operations meet the needs of customers.
Dell struggles as others copy its blueprint,data center, enterprise, server, 08/21/06
Times should be good for Dell as enterprise buyers gravitate toward the low-cost, standards-based systems that the computer maker is known for building. But Dell is facing rough waters as competitors including HP, IBM and Sun, with their extensive …
Users keep tabs on vendor backdating, 08/18/06
Some of the most recognizable and trusted names in the network industry are under scrutiny – both internally and from the U.S. government – for manipulating the dates of stock option grants to enrich their recipients further.
Qualcomm agrees to acquire Qualphone, 08/18/06
Qualcomm, in a move to expand its expertise in developing chipsets and other systems for multimedia mobile phones, has agreed to acquire Qualphone, a maker of Internet-based multimedia software, the companies announced Friday.
Privacy group files FTC complaint against AOL, 08/17/06
The World Privacy Forum has filed a Federal Trade Commission (FTC) complaint against AOL, saying the company violated its own privacy policy by releasing the search records from hundreds of thousands of its members.
Dell reveals SEC investigation, profit drops 51%, 08/17/06
Dell blamed its strategy of cutting prices in a slow market for a profit of just $502 million in the second quarter, 51% below the same period last year.
New Salesforce.com CFO – an old face, 08/17/06
On-demand software vendor Salesforce.com Inc. had a surprise up its sleeve late Wednesday, revealing the identity of its new chief financial officer (CFO). The new CFO is the same guy who’s shepherded the company’s finances since 2002, Steve Cakebread.
Taiwan Q2 chip-industry revenue surges 34%, 08/17/06
Taiwanese chip industry revenue rose 34% year-on-year in the second quarter led by contract chip makers and dynamic RAM, an industry group said Thursday.
Lenovo snags more Dell executives for Asia, 08/17/06
Lenovo Group named new presidents for its Asia-Pacific and Japan operations on Thursday, continuing to pick up talent from rival Dell.
Apple retains huge lead in Q2 music player market, 08/17/06
Apple continued to lead the U.S. digital music-player market in the second quarter with a 75.6% share, according to the NPD Group.
HP beats street with strong PC sales, 08/16/06
HP posted better-than-expected financial results Wednesday that were buoyed by strong growth in the company’s PC group.
Sun sells off mainframe re-hosting business, 08/16/06
Still looking to cut costs, struggling server maker Sun has sold off its mainframe re-hosting business to Chicago’s Clerity Solutions.
CA to buy back 41 million shares amid restructuring, 08/15/06
CA Wednesday will begin buying back nearly 41 million shares of its stock for $1 billion, the company said.
Dell replacement batteries could take weeks to arrive, 08/15/06
Laptop owners seeking replacements for recalled batteries will receive priority if they use the Dell special site set up to handle the recall, the company said today. However, users of many Latitude, Inspiron, Precision, XPS, and mobile workstation …
