Latest financial news.
Acquisitions fill gaps in Symantec security line, 10/24/05
Symantec is still spending hundreds of millions of dollars annually to develop new products, but the company recently stepped up spending on acquisitions as well to bolster its offerings.
http://www.networkworld.com/news/2005/102405-symantec-acquires.html?nl
CA shows growth and profit, but reins in Q3 estimates, 10/25/05
Computer Associates reported a 9% increase in its second-quarter revenue compared to last year’s, as it completed a profitable quarter that CEO John Swainson called a solid sign of the work CA’s new management team is doing to strengthen the battered …
http://www.networkworld.com/news/2005/102505-ca-earnings.html?nl
Microsoft sets date to release Windows Vista to OEMs, 10/24/05
Microsoft is expected to release to manufacturing the next version of its Windows desktop operating system on July 25, 2006, to ensure PC vendors will have it on machines in time for the 2006 holiday season in the U.S., according to sources familiar …
http://www.networkworld.com/news/2005/102405-vista-oems.html?nl
Novell: No comment on layoff rumors, 10/24/05
Troubled software vendor Novell wouldn’t comment on a growing number of reports and rumors circulating Monday that the company is about to lay off as much as 20% of its workforce as a way of cutting costs.
http://www.networkworld.com/news/2005/102405-novell-layoffs.html?nl
For outsourcing due diligence, ask these 5 questions, 10/24/05
Don’t gamble with your new data center. Make sure your outsourcer has good answers to these five questions.
http://www.networkworld.com/supp/2005/ndc6/102405-due-diligence.html?nl
CA buys e-mail archiving software, 10/24/05
Computer Associates has made public its acquisition of an e-mail archiving software vendor whose technology CA says will help round out its BrightStor storage management suite.
http://www.networkworld.com/news/2005/102405-ca-archiving.html?nl
Opinion: Google’s making everyone mad, 10/24/05
Another week brings yet another bunch of folks who are mad as all get-out at Google. The company that once could do no wrong now routinely finds itself being compared with Microsoft – and not in a good way.
http://www.networkworld.com/columnists/2005/102405buzz.html?nl
Opinion: Apple’s unnoticed announcement?, 10/24/05
Apple CEO Steve Jobs made a pile of product announcements on Oct. 12. The video iPod got most of the press, but it was another announcement that best indicates Apple’s future directions.
http://www.networkworld.com/columnists/2005/102405bradner.html?nl
Cisco considers manufacturing products in India, 10/21/05
Cisco is considering having its products manufactured in India, the company announced Friday.
http://www.networkworld.com/news/2005/102105-cisco-india.html?nl
AT&T profit up, but long-distance sales decline, 10/21/05
AT&T Friday reported net income of $520 million for the third quarter of 2005, up from a net loss of $7.1 billion in the third quarter of 2004, though the company experienced a drop in long-distance voice and data revenue.
http://www.networkworld.com/news/2005/102105-att-earnings.html?nl
SBC revenues up slightly, net income down, 10/20/05
SBC Thursday reported net income of $1.2 billion for the third quarter of 2005, down from $2.1 billion in the same quarter of 2004.
http://www.networkworld.com/news/2005/102005-sbc-revenue.html?nl
Motorola sues Zafirovski over Nortel job, 10/20/05
Motorola has filed a lawsuit seeking to prevent the company’s former executive, Mike Zafirovski, from taking the helm of Nortel.
http://www.networkworld.com/news/2005/102005-motorola-nortel.html?nl
Dell sets up second development center in India, 10/20/05
Dell announced Thursday that it has set up its second Global Development Center in India. The center will focus on developing enterprise-wide systems for the company’s in-house use.
http://www.networkworld.com/news/2005/102005-dell-india.html?nl
Security product sales help Juniper beat analyst estimates for Q3, 10/19/05
Juniper posted third quarter results that exceeded analyst estimates.
http://www.networkworld.com/news/2005/101905-juniper.html?nl
AOL lays off 700 workers, 10/19/05
AOL has cut more than 700 employees, or about 4%, from its workforce of nearly 20,000 employees, a company spokesman said Wednesday.
http://www.networkworld.com/net.worker/news/2005/101905-aol-layoffs.html?nl
EMC posts double-digit growth in Q3, 10/19/05
EMC Wednesday reported double-digit growth for the ninth consecutive quarter. But the storage vendor also said sales of its midrange Clariion array cooled somewhat, as did sales of its high-end Symmetrix hardware — mainly due to cautious customer …
http://www.networkworld.com/news/2005/101905-emc-earnings.html?nl
Deloitte ranks fastest growing tech companies, 10/19/05
Deloitte & Touche Wednesday unveiled its list of the fastest growing technology companies in North America.
http://www.networkworld.com/news/2005/101905-deloitte.html?nl
Cisco bets a billion dollars on India, 10/19/05
Cisco this week said it will invest $1.1 billion in India over the next several years, with new projects in R&D, venture capital, equipment financing, and customer support targeted for the world’s second-largest country.
http://www.networkworld.com/news/2005/101905-cisco-india.html?nl
