Symantec president Gary Bloom resigns

Latest financial news.

Symantec president Gary Bloom resigns, 01/24/06

Symantec announced Tuesday that Gary Bloom, its vice chairman and president, will step down from his post by March.

Asustek seeks $15.65 billion in 2006 revenue, 01/24/06

Asustek Computer, the world’s largest producer of computer motherboards, hopes to increase its revenue to $15.65 billion this year as it increases its base of contract manufacturing customers and sells more own-brand products.

Infineon: Q1 losses widen on falling chip prices, 01/24/06

Net losses at Infineon Technologies AG widened in the first quarter because of declining prices in its core memory chip business, the German chip maker announced Tuesday.

Disney to buy Pixar, put Jobs on board, 01/24/06

The Walt Disney Co. has agreed to acquire Pixar, the animation studio headed by Apple chief Steve Jobs, in a long-anticipated $7.4 billion deal that will put Jobs on Disney’s board of directors, the companies announced Tuesday.

Lucent reports loss of $104 million on revenue of $2 billion, 01/24/06

Lucent reported a net loss of $104 million for the quarter ended Dec. 31, 2005, with revenue from products and services both down from a year earlier.

CA profit up as revenue inches upward, 01/24/06

CA turned in a third-quarter profit nearly twice last year’s total, as CA’s overhauled management team continues working to rebuild the software company’s business. Revenue during the quarter rose 5% from the year-ago quarter, living up to management’ …

Sun reports another quarter in the red, 01/24/06

A turn-around continues to elude troubled server vendor Sun. On Tuesday the company posted a $223 million loss for its most recent fiscal quarter, despite showing a 17% jump in revenue for the period.

Philips Q4 profit dips on one-off charges, 01/23/06

Dutch electronics giant Koninklijke Philips Electronics NV reported Monday a drop in fourth-quarter profit due to one-off charges.

Looking back, ahead as Juniper celebrates its 10th anniversary, 01/23/06

Ten years after Juniper moved to become a formidable service-provider alternative to Cisco the company is challenging its rival in the enterprise. CEO Scott Kriens reflects.

Supreme Court won’t hear BlackBerry case, 01/23/06

The U.S. Supreme Court won’t review the patent infringement dispute between Research in Motion and NTP, closing down one of the BlackBerry mobile device vendor’s avenues against NTP’s suit, RIM said in a statement Monday.

Verizon Business launches with new wireless services, 01/23/06

Verizon on Monday launched a new division that markets telecommunication services to large businesses across the U.S., including a new integrated wireline and wireless package available to large organizations.

In India, Via focuses on emerging economies, 01/23/06

Taiwanese chip maker Via Technologies announced Monday that it is setting up an innovation center in Mumbai, India, that is focused on developing computing and communications appliances designed for rural markets in India and other countries.

Outsourcing market losing some steam, 01/23/06

It’s hard to call $11.5 billion worth of new outsourcing business a disappointment, but that’s what some experts are saying about IBM’s Global Services performance last quarter.

Cool Tools: The latest smart phone from Palm, 01/23/06

A review of the Palm Treo 700w, with Verizon Wireless service.

Opinion: Apple, Skype and the value of standards, 01/23/06

I expect that both the mind share and market share of Apple music players and Skype VoIP will have to drop significantly before either adopts standards-based solutions. Regulations, such as the French legislation requiring that downloaded music be …

Lotus lays out its future at Lotusphere kick-off, 01/23/06

IBM/Lotus on Monday aggressively galloped into its collaborative software future promising not to avoid any fights and laying out plans to expand its Notes/Domino platform with an emphasis on a services architecture model.

Verizon Business to launch Monday, 01/20/06

Verizon plans to launch on Monday its Verizon Business division, a unit that will serve business and government customers and operate a global IP network.

Nortel appoints ex-Motorola exec as operations chief, 01/19/06

Nortel Networks has snagged another executive from Motorola Inc. On Thursday, the telecommunications equipment company announced that it has hired Dennis Carey as executive vice president of corporate operations. Carey had most recently served as …

Government wrestles Google for search records, 01/19/06

The government is asking a California court to force Google to turn over information about usage of the company’s search engine for finding pornography on the Internet.

Imation buys Memorex in $330 million deal, 01/19/06

Data storage vendor Imation Thursday announced a $330 million cash deal to acquire Memorex International, a well-known provider of consumer CD and DVD products for multimedia storage.

Consumer groups push for net neutrality rules, 01/18/06

Three consumer groups repeated their calls for a U.S. law to prevent broadband providers from blocking or slowing customer access to some Internet content by saying the public wants government protection.

Tokyo stocks again savaged by Livedoor fallout, 01/18/06

A raid by prosecutors late Monday on the headquarters of Internet portal operator Livedoor again weighed on the Tokyo Stock Market on Wednesday sending the Nikkei 225 stock average down more than 2% in morning trading.

Google, Venter mum on collaboration reports, 01/18/06

Google and the J. Craig Venter Institute are playing down highly publicized reports of a collaboration reported in a recently published book.

Outsourcing Newsletter: Is HP interested in buying CSC?, 01/18/06

The New Year has kicked off with a bang in mergers and acquisitions activity in the software management sector. Actually, the activity level picked up in the fourth …

Japanese chip giants explore joint production, 01/18/06

Three of Japan’s biggest semiconductor makers will this month begin examining the feasibility of creating a joint venture that could handle future semiconductor production for them and other companies, they said Wednesday.

AMD turns profit following jump in chip sales, 01/18/06

Intel’s poor performance in the last three months of 2005 turned out to be good news for rival chipmaker Advanced Micro Devices Inc., (AMD) which on Wednesday reported better-than-expected financial results for the period. With sales of AMD’s …