Latest financial news.
Ex-WorldCom CEO Ebbers to report to prison Tuesday, 09/25/06
Former WorldCom CEO Bernard Ebbers is scheduled to report to a federal prison Tuesday to begin a 25-year sentence related to his role in the accounting misstatements that led to the telecommunications giant’s bankruptcy.
Outsourcers Induslogic, Bonus Technology merge, 09/25/06
Induslogic, a provider of outsourced software product development services, is merging with another outsourcer, Bonus Technology to get access to Bonus’ operations in the Ukraine, the companies said Monday. The financial terms of the merger were not …
Open source firewall company ModSecurity gets acquired, 09/25/06
Breach Security will acquire Thinking Stone, which develops and provides support for an open source Web application firewall called ModSecurity, the companies announced Monday.
Opinion: Stirring the soup of service providers, 09/25/06
Recent acquisitions in the managed-services and software-as-a-service segments of the IT industry are not only clear signs that these new methods of dealing with age-old technology challenges are winning broad-based acceptance, but also that they are …
House panel on HP scandal adds second day of hearings, 09/25/06
The House of Representatives Subcommittee looking into the HP boardroom spying scandal has added a second day of hearings and issued subpoenas for some witnesses.
Network/Systems Management Newsletter: Three successful network management acquisitions, 09/25/06
It used to be that when an enterprise management vendor made an acquisition the talk would be how it would go wrong, which more often than not, …
Calif. attorney general: No evidence yet to charge Hurd, 09/22/06
A spokesman from the California attorney general’s office Friday said that Attorney General Bill Lockyer at this point does not have any evidence to charge HP CEO and President Mark Hurd with a criminal offense in the ongoing investigation into …
Hurd speaks out about spying scandal, 09/22/06
HP CEO and President Mark Hurd Friday told reporters that he did not have full knowledge of any possible illegal activities taken by third-party investigators on behalf of HP to uncover the source of boardroom leaks.
AOL cuts deal to sell AOL France, 09/22/06
AOL continued its strategy of separating its Internet access and content businesses in Europe, with the sale of its France Internet access business to Neuf Cegetel.
Jailed Chinese journalist to file U.S. suit vs. Yahoo, 09/22/06
A Chinese journalist jailed in part due to e-mail evidence provided by a Yahoo subsidiary plans to file a lawsuit in the U.S. against the Internet company within the next few months.
HP Chairman resigns, 09/22/06
HP Friday announced that Patricia Dunn, chairman of the board and director, has resigned, effective immediately. HP had already announced she would be stepping down in January, to be replaced by CEO Mark Hurd. But recent reports, citing HP internal e- …
Q&A: Brocade’s CEO talks about McData integration, 09/21/06
Earlier this month, Brocade ran a full-page advertisement in The Wall Street Journal promising its customers and users of McData’s director switches that once the merger between the two companies is completed sometime in the first quarter, Brocade …
Cartoon: Dell’s cloud, 09/21/06Amid investigation, HP nets new contracts, 09/21/06
Despite a boardroom scandal that seems to deepen every day, HP has won new contracts this week, including a portion of a U.S. Army contract that could be worth $5 billion over the next 10 years.
NetWare Tips Newsletter: Where to read about NetWare’s early years, 09/21/06
How much do you know about the history of NetWare? Those of us who’ve been associated with the archetypal network operating system for 20 years or more …
Report: Hurd knew of planned deception campaign, 09/21/06
HP CEO Mark Hurd knew of plans for a disinformation campaign designed to find the source of leaks from boardroom discussions, The Washington Post reported Thursday.
Novell faces delisting from Nasdaq, 09/21/06
Novell has confirmed the receipt of a notice from the Nasdaq stock market warning that its shares will be delisted from the exchange after the software company delayed filing its most recent quarterly report to the U.S. Securities and Exchange Commission.
Security vendors SecureWorks, LURHQ merge, 09/20/06
Managed security services companies SecureWorks and LURHQ have merged.
AT&T, Verizon have hands full integrating billing systems, 09/20/06
Last year’s multibillion-dollar combinations of Verizon-MCI and AT&T-SBC resulted not only in the two biggest U.S. carriers but also in two monster billing-integration projects.
CA’s Swainson: We need to improve on past ‘poor score’ for integrated management, security …, 09/20/06
As IT infrastructure becomes more complex and supports advanced applications such as VoIP and wireless, technology vendors must help enterprise network executives simplify the management and security of their IT assets, said John Swainson, …
SAP responds to Ellison statements, 09/20/06
SAP reacted quickly and angrily to statements made by Oracle CEO Larry Ellison during his company’s quarterly results meeting Tuesday.
Verizon Business opens NOC for government customers, 09/20/06
Verizon Business this week opened a facility in Ashburn, Va., that combines managed network and security services for federal government customers.
Motorola sees Symbol at heart of goals, 09/22/06
Motorola is getting a lot for its $4 billion buyout of Symbol Technologies. But whether that includes a future for what Motorola executives call enterprise mobility remains to be seen.
Wireless in the Enterprise Newsletter: Will Symbol buy affect Motorola ‘seamless mobility’ scope?, 09/25/06
By now, you’re likely well aware that mobile WAN titan Motorola is acquiring wireless LAN veteran Symbol Technologies for $3.9 …
Motorola to buy Symbol for $3.9 billion, 09/19/06
Motorola plans to acquire wireless mobile device developer Symbol Technologies for $3.9 billion, the companies announced Tuesday.
Oracle’s Q1 another strong financial showing, 09/19/06
Oracle declared another strong quarter of financial results, exceeding both its own expectations and analysts’ predictions, in what the database, applications and middleware software vendor has typically defined as a tough time period.
