Latest financial news.
Indian outsourcer Infosys expands in China, 08/03/05
Infosys Technologies, India’s second-largest software and services outsourcer, Wednesday announced that it has signed a letter of intent with the Shanghai Zhangjiang Hi-Tech Park to set up a new software development campus in Shanghai.
http://www.networkworld.com/news/2005/080305-infosys-outsourcing.html?nl
Sun invests in India as business there booms, exec says, 08/03/05
Sun is to make large investments in India as business for the company grows quickly in the country, according to the head of its Indian operation.
http://www.networkworld.com/news/2005/080305-sun-india.html?nl
Qwest reports improved Q2, 08/03/05
Qwest this week posted second quarter results that saw improved revenue and operating income from a year ago.
http://www.networkworld.com/news/2005/080305-qwest.html
Time Warner settles shareholder suit, posts loss, 08/03/05
Time Warner has settled a lawsuit filed by shareholders after it bought AOL, establishing a $3 billion reserve fund for that and other securities litigation, the company said Wednesday, also announcing that the settlement fund contributed to a $321 million second-quarter loss.
http://www.networkworld.com/news/2005/080305-time-warner-lawsuit.html?nl
Oracle to buy stake in Indian banking software company, 08/02/05
Oracle Tuesday announced it will buy a majority stake in Indian banking software vendor i-flex Solutions, the latest in a string of acquisitions designed to strengthen the U.S. company’s applications business.
http://www.networkworld.com/news/2005/080205-oracle-i-flex.html?nl
IBM buys customer data hub maker DWL, 08/02/05
IBM Monday said it will acquire customer data integration software maker DWL to strengthen IBM’s information management middleware portfolio. Financial terms of the deal were not disclosed.
http://www.networkworld.com/news/2005/080205-ibm-dwl.html?nl
Appeals court denies RIM a rehearing of NTP case, 08/02/05
A U.S. appeals court has denied Research in Motion’s (RIM ‘s) petition for a rehearing of its long-running patent dispute with NTP, once again raising the possibility of an injunction …
http://www.networkworld.com/news/2005/080205-rim.html?nl
Novell issues strong answer, counterclaims to SCO suit, 08/01/05
Novell fired back strongly against an amended complaint filed by The SCO Group in its slander of title lawsuit against Novell …
http://www.networkworld.com/news/2005/080105-novell-sco-lawsuit.html?nl
Telco Systems buys IP convergence provider, 07/27/05
Telco Systems, a provider of transport and access systems for IP and TDM networks, this week announced the acquisition of privately-held Integral Access, a developer of IP-based multi-service access platforms for converged voice and data.
http://www.networkworld.com/edge/news/2005/072705-telco-integral.html?nl
Sun to lay off 1,000, 07/27/05
Sun expects to lay off around 1,000 staff at a cost of about $100 million as part of the company’s ongoing cost-cutting strategy, according to Sun’s chief financial officer.
http://www.networkworld.com/news/2005/072705-sun-layoffs.html?nl
Layoffs redux: CA cuts another 5% of staff, 07/27/05
Computer Associates (CA) plans to cut 800 positions worldwide, around 5%of its workforce, in a restructuring effort aimed at saving $75 million annually. CA will finish most of the worldwide layoffs by the end of 2005, the company said.
http://www.networkworld.com/news/2005/072705-ca-layoffs.html?nl
