Latest financial news.
Analysis: Red Hat’s JBoss buy may benefit Novell, other players, 04/10/06
Red Hat’s planned purchase of open-source middleware vendor JBoss could result in Red Hat partners such as IBM beginning or expanding relationships with other Linux distribution players, notably Novell, analysts said Monday.
Red Hat to buy JBoss for at least $350 million, 04/10/06
Red Hat Monday announced it has signed a definitive agreement to buy open source Java software vendor JBoss for about $350 million in cash and stock.
Opinion: Will the AT&T-BellSouth merger hurt IP TV?, 04/10/06
Bottom line, the AT&T and BellSouth states’ combined prospect base is a more difficult market for IP TV than the AT&T states’ base alone. Lightspeed was supposed to roll out last year, then early this year, then late this year . . . and this was …
Chip makers TSMC and UMC see big jump in Q1 sales, 04/10/06
The world’s two largest contract chip makers, Taiwan Semiconductor Manufacturing Co. and United Microelectronics Corp., saw their first-quarter sales rise sharply, reflecting strong demand for chips.
Respected Chinese official to lead trade talks, 04/10/06
When the U.S.-China Joint Commission on Commerce and Trade meets Tuesday, the Chinese delegation will be headed by Wu Yi, a highly respected vice premier whose presence reflects the importance that China’s government attaches to the talks, according …
Alcatel-based enterprises in wait-and-see mode after Lucent merger, 04/10/06
With the mega-merger of Lucent and Alcatel in the books, corporate users of Alcatel voice and data gear say the deal could be a boon for the French vendor’s market presence in the United States.
McAfee unveils threat center portal, 04/10/06
McAfee has jazzed up its Web site with a new online portal designed to help users research a wide range of security problems. Called the McAfee Threat Center, the portal was launched Monday as part of a redesign of the McAfee.com Web site.
Comverse buys VoIP company Netcentrex for $164 million, 04/10/06
Comverse Technology Monday announced it has signed an agreement for its Comverse subsidy to acquire privately held VoIP software vendor Netcentrex for about $164 million.
Judge OKs $2.65 billion settlement in AOL shareholder suit, 04/10/06
A judge approved a settlement of a lawsuit brought against Time Warner by shareholders that alleged that America Online improperly accounted for revenue in the years preceding and following the companies’ merger.
Carrier consolidation pushed Lucent, 04/10/06
It was only a matter of time before consolidation among the big telecom equipment vendors took hold. The April 2 merger agreement between Lucent and Alcatel shows how suppliers, seeing their carrier customers combine to gain breadth and scale, feel …
Opinion: Xenophobia’s bad for security business, 04/10/06
Sen. Joseph McCarthy died in 1957, but clearly his spirit lives on. Since the Communist witch hunts of the ’50s there have been a number of waves of xenophobia, protectionism and isolationism. Buckle up – here comes another wave.
VeriFone buys e-payments company for $793 million, 04/10/06
VeriFone Holdings, a U.S. maker of point-of-sale payment terminals, has agreed to buy its Israeli counterpart Lipman Electronic Engineering for around $793 million, in order to gain access to more wireless and IP payment technologies, the companies …
Sun lays off 200 from server group, 04/07/06
Sun has laid off about 200 people from its Scalable Systems Group, the company announced Friday.
CTIA – Sprint nears decision on 4G, 04/07/06
Sprint Nextel plans to make its long-awaited decision on a 4G (fourth-generation) mobile communications technology by the end of August and start deploying the system in 2008, COO Len Lauer said Friday at the CTIA Wireless trade show in Las Vegas.
CTIA – Nortel may drop, spin off more products, 04/07/06
Nortel will closely examine all of its product categories and consider dropping out or seeking a partnership or joint venture anywhere it doesn’t hold or forecast a 20% market share or better, President and CEO Mike Zafirovski said Thursday.
Vodafone reorganizes, plans new strategy, 04/07/06
Vodafone could be preparing a radical shift in its strategy: Europe’s largest mobile phone operator, which has taken pride in its clear focus on mobility, may soon aim at establishing a stronger footing in the fixed-line communications market.
BlackBerry reaches 5 million subscriber mark, 04/07/06
Research In Motion, maker of the popular BlackBerry handhelds, said it reached the 5 million subscriber mark and hit over $2 billion in revenue for its fiscal year 2006, which ended in early March.
Update: Computer Sciences Corp. announces restructuring, sale talks, 04/04/06
Computer Sciences Corp. Tuesday confirmed it is in negotiations to sell the company and announced a restructuring plan that will eliminate 5,000 jobs.
Oracle exec says PeopleSoft, Siebel customers happy, 04/04/06
Oracle’s new customers, gained with its acquisitions of Siebel and PeopleSoft, are very satisfied based on renewal rates, Oracle Senior Vice President Thomas Kurian said at the Software 2006 conference on Tuesday afternoon.
Virgin Mobile accepts NTL’s $1.67 billion bid, 04/04/06
NTL’s bid for British mobile phone company Virgin Mobile Holdings has won the approval of Virgin Mobile’s board, the companies announced Tuesday. The cash-and-stock offer values Virgin Mobile at £962 million ($1.67 billion), NTL said.
