Latest financial news.
Symantec to buy Sygate, 08/16/05
Symantec announced it intends to acquire Sygate Technologies, which makes network access-control and endpoint-protection policy-enforcement products, for an undisclosed price.
http://www.networkworld.com/news/2005/081605-symantec.html?nl
HP Q3 revenue a pleasant surprise, but income sags, 08/16/05
HP’s third-quarter results received a boost from tax benefits, but the company also exceeded analysts’ expectations for revenue on strong server sales growth.
http://www.networkworld.com/news/2005/081605-hp-q3.html?nl
Verizon may get discount in MCI acquisition, 08/16/05
Verizon may pay up to $0.21 less per share for telecom rival MCI because of MCI liabilities, according to a document Verizon filed with the U.S. Securities and Exchange Commission Monday.
http://www.networkworld.com/edge/news/2005/081605-verizon-mci.html?nl
Union keeps working at Qwest without contract, 08/15/05
About 25,000 members of the Communications Workers of America remained at work at Qwest Monday even though the union’s contract with the telecom provider expired Sunday.
http://www.networkworld.com/news/2005/081505-qwest-union.html?nl
GDC looks to rebound from years of trouble, 08/15/05
Remember General DataComm? Maybe not. Founded in 1969, GDC was big back in the days of modems, multiplexers and ATM, but then hit hard times and had to sell off three of its four divisions to survive bankruptcy. Now the largely forgotten company …
http://www.networkworld.com/news/2005/081505-gdc.html?nl
Sprint, Nextel close merger deal, 08/12/05
Sprint and Nextel on Friday formally closed the merger they announced last Dec. 15, forming a mobile telecommunications behemoth called Sprint Nextel.
http://www.networkworld.com/edge/news/2005/081205-sprint-nextel.html?nl
Overland Storage snaps up Zetta Systems, 08/10/05
Overland Storage this week announced that it has acquired Zetta Systems in a $9 million all-cash deal.
http://www.networkworld.com/news/2005/081005-overland.html?nl
Lenovo Q1 results shine, after adding IBM deal, 08/10/05
Lenovo Group Ltd. posted better than expected earnings for its first quarter ending June 30, adding figures from the PC business it acquired from IBM Corp. in May for the first time.
http://www.networkworld.com/news/2005/081005-lenovo-earnings.html?nl
