Latest financial news.
Profit down, revenue up in Lucent’s third quarter, 07/19/05
Lucent reported a decline in profit for its third fiscal quarter, although strong sales of 3G mobile network equipment helped push revenue up 7%, the company announced Tuesday.
http://www.networkworld.com/edge/news/2005/071905-lucent-earnings.html?nl
Juniper records profitable Q2, 07/19/05
Juniper this week posted a 61% increase in second quarter revenue and a profit of $89 million.
http://www.networkworld.com/edge/news/2005/071905-juniper.html?nl
HP plans to cut 14,500 jobs and save $1.9 billion a year, 07/19/05
HP Tuesday said it hopes to save $1.9 billion a year through a massive reorganization in which it will cut 14,500 jobs, or around 10% of its workforce. It will also link sales and marketing efforts more closely to business units, eliminating the Customer Solutions Group which sold to enterprise customers.
http://www.networkworld.com/news/2005/071905-hp-reorganization.html?nl
IBM services head leaves amid reorganization, 07/19/05
IBM is reorganizing its Global Services business, replacing John Joyce as the group’s head with a pair of executives.
http://www.networkworld.com/news/2005/071905-ibm-services.html?nl
Microsoft sues Google, former employee over hiring, 07/19/05
Microsoft stepped its rivalry with Google up a notch Tuesday, filing a lawsuit against the search company over Google’s hiring of a former Microsoft employee.
http://www.networkworld.com/news/2005/071905-google-microsoft.html?nl
IBM hits targets in Q2, says goodbye to PC business, 07/18/05
IBM returned to form in the second quarter of its fiscal year, reporting income growth and solid revenue after scaring financial analysts by falling short of expectations in its first quarter.
http://www.networkworld.com/news/2005/071805-ibm-financial.html?nl
Cisco adopts age limit for board members, 07/15/05
In a move that seems to signal the upcoming retirement of its chairman, Cisco’s board of directors on Friday adopted an age limit for members of its board of directors.
http://www.networkworld.com/news/2005/071505-cisco-board.html?nl
VeriSign buys security researcher iDefense for $40 million, 07/14/05
Looking to flesh out its line of managed security services products, VeriSign has snapped up network security researcher iDefense. The $40 million cash acquisition was completed Wednesday, according to VeriSign.
http://www.networkworld.com/news/2005/071405-verisign-idefense.html?nl
