Latest financial news.
BellSouth reduces manager layoffs by 200, 03/13/06
BellSouth has amended job cut plans disclosed late last year following AT&T’s announced plans to acquire the carrier.
McData resells Riverbed WAN acceleration technology, 03/13/06
McData Monday announced that is reselling a type of WAN acceleration technology from Riverbed Technologies to be used with its director-class switches, allowing remote office access of applications and files from a central site at LAN-like speeds.
AT&T / BellSouth merger: short-term uncertainty, long-term stability?, 03/13/06
The first reaction by many customers to AT&T’s proposed $67 billion buyout of BellSouth last week was this: Is Ma Bell back? But upon reflection they’ve turned their attention to specific concerns, such as what will become of customer service and the …
RBOCs: And then there were three (or maybe one), 03/13/06
The acquisition will not harm competition for local phone service between the RBOCs because there is none today. In spite of promises made at the time of the AT&T breakup, none of the Bells seriously tried to invade the geographic territory of the …
Apple’s growth sparks move to India, 03/10/06
Apple, which reported record earnings in its most recent quarter, is planning to open a call center in India to deal with its rapid growth.
Nortel to restate earnings yet again, 03/10/06
Nortel goes through another round of restatements of earnings and revenue.
Qwest left to watch again, 03/10/06
Once again, consolidation in the telecom industry has left Qwest a spectator on the sidelines.
Google acquires Writely online word-processing application provider, 03/09/06
Google, which late last year dodged rumors it was developing productivity applications, can no longer make that claim as Thursday it acquired the company that makes Writely, an online word-processing application.
Oracle to set up shop across China to attract more SMBs, 03/09/06
Oracle unveiled Thursday a new initiative in China designed to attract more small-to-midsize business (SMB) customers and recruit more partners countrywide.
Google to settle click-fraud lawsuit for $90 million, 03/09/06
Google has agreed to settle a class action lawsuit brought against it over the issue of click fraud, which some industry experts believe could seriously threaten the company’s main source of revenue: pay-per-click advertising. Google will pay as much …
Lenovo wants U.S. listing, former chairman says, 03/09/06
Lenovo Group is considering plans to list on a U.S. stock exchange, a former top executive said this week.
Novell shifts executive team, 03/09/06
Novell announced Thursday that as it continues its transformation into a Linux business that it has shaken up its Worldwide Management Committee.
In AT&T/BellSouth deal, what happens to Cingular?, 03/07/06
The $67 billion planned merger between AT&T and BellSouth will create the largest telecommunications carrier in the U.S. It will not only bring together BellSouth’s local properties in 9 states with AT&T’s national and local properties from across the …
Microsoft buys Apptimum to ease applications transfer to Vista, 03/07/06
Prepping for what it hopes will be a significant migration to Windows Vista, Microsoft on Tuesday acquired Apptimum, a company that develops software to ease the transfer of applications to new computers.
IBM sets up SOA hub in India, 03/07/06
IBM has set up a global hub Bangalore, India, for the management and creation of replicable components based on service-oriented architecture, according to a company executive.
Shareholders sue HP directors over Fiorina’s severance, 03/07/06
Two institutional investors Tuesday filed a lawsuit against HP’s board of directors, charging that the $42 million severance package paid last year to departing CEO Carly Fiorina was excessive and violated corporate policy.
Freescale expanding India design center, 03/07/06
Freescale Semiconductor announced Tuesday it has acquired a 300,000-square-foot facility in Noida, India, to expand its design center there to 1,500 engineers over the next four years.
Analysis: Industry awaits Verizon’s response to AT&T/BellSouth deal, 03/07/06
Now that AT&T has made public its long anticipated intention to acquire BellSouth, all eyes are on Verizon. How will its rival respond?
