Latest financial news.
Extreme CEO to step down by year-end, 05/15/06
Extreme CEO Gordon Stitt announced that he will retire by the end of 2006. He will remain as CEO until a successor is found, after which he will become chairman of the board of directors, the company said in a statement.
Supreme Court sides with eBay in patent case, 05/15/06
The U.S. Supreme Court has set aside a lower court decision to stop eBay from using a prominent feature on its Web site because of a patent dispute, according to news reports.
Why one VC firm puts its money into certain network and software companies, 05/15/06
Paul Weinstein, a general partner at Azure Capital Partners in San Francisco, says that one way the early-stage venture capital firm differs from others is that he and colleagues perform primary research on potential markets for investment along the …
MICROSOFT ANTITRUST – Justice Department downplays concerns over Internet Explorer search, 05/15/06
The U.S. Department of Justice will not pursue complaints about Microsoft’s decision to include search functionality in Version 7 of its Internet Explorer browser, despite concerns raised by search competitor Google, the department …
Qwest acquires metro Ethernet provider OnFiber, 05/15/06
Qwest this week said it will acquire privately held OnFiber Communications, a provider of managed metropolitan Ethernet and wide-area network services, for $107 million.
Verizon becomes first major carrier to offer comprehensive telecom expense management, 05/15/06
Verizon Business: Let us manage your telecom bills.
Opinion: NTP vs. RIM: A good deal for lawyers, 05/15/06
The adage that in lawsuits the only sure winners are the lawyers is doubly true in the years-long patent battle between Research in Motion, maker of the BlackBerry handheld, and NTP, a company with one asset – the disputed patent – that was brought …
Q&A: NeuStar CEO touts DNS, VoIP plans, 05/15/06
NeuStar, the provider of telephone and Internet directory services to the telecom industry, is on a roll. In February, the Sterling, Va., company reported eye-popping financials for 2005, with revenue up 47% and net income up 22%. In April, NeuStar …
In brief: Microsoft downplays rivalry with Google, 05/12/06
Microsoft CEO Steve Ballmer last week downplayed his company’s rivalry with Google, saying Microsoft is more focused on creating Internet content and other services that will lure advertising revenue than on what Google specifically is doing.
As SGI fights to stay alive, users hope for the best, 05/12/06
Despite filing for bankruptcy this week, Silicon Graphics Inc. officials said that users will get their products, service and support without change even as new product plans will move ahead. That message is an attempt to sooth worried users who rely …
Sony, Panasonic announce new HD format for camcorders, 05/11/06
High-definition video fans can prepare themselves for another new format: AVCHD.
EMC acquires Microsoft services firm, 05/11/06
EMC is on a roll this week with the acquisition of Interlink Group, a firm that provides professional services for Microsoft environments.
Yahoo and Telemundo fuse US Hispanic portals, 05/10/06
Yahoo and Telemundo Network Group will combine their Spanish-language Web portals, hoping that the site will attract more users and advertisers in the growing, competitive market for U.S. Hispanics, the companies said Wednesday.
Verizon looking to sell off more lines, 05/10/06
Verizon is looking to sell off phone lines in New England and the Midwest in an apparent attempt to generate capital to help fund other initiatives, like fiber deployment and acquiring all of Verizon Wireless.
Report: Verizon trying to buy out Vodafone, 05/09/06
According to published reports, Verizon made a bid for Vodafone’s 45% stake in Verizon Wireless, but it wasn’t enough.
EMC acquires Kashya, 05/09/06
EMC Tuesday announced that it has acquired Kashya, a vendor of data replication and data protection software.
WAN Newsletter: Readers concerned about the lack of competition as AT&T, BellSouth merge, 05/09/06
Earlier in the year, we wrote about the pending AT&T/BellSouth merger and the proposed Lucent/Alcatel merger. In both cases, we invited …
