Latest financial news.
Fiorina steps down as HP CEO, chairman, 02/09/05
Carly Fiorina has resigned as chairman and CEO of HP, effective immediately, the company announced Wednesday.
https://www.nwfusion.com/news/2005/0209fioristeps.html?nl
CA makes Swainson’s CEO job official, 02/09/05
As has been expected, Computer Associates named President and CEO-elect John Swainson officially to those posts and Wednesday said that he also will continue as president.
https://www.nwfusion.com/news/2005/0209camakes.html?nl
Cisco comes up short in Q2, 02/08/05
Cisco came in below analyst expectations for its fiscal 2005 second quarter with sales falling about $70 million short of consensus estimates.
https://www.nwfusion.com/news/2005/0208ciscoearn.html?nl
AMD appoints ex-Dell executive to board, 02/08/05
A former Dell executive has agreed to join the board of directors at Advanced Micro Devices, strengthening ties between the two companies and raising once again the possibility that they might get together to produce servers or PCs.
https://www.nwfusion.com/news/2005/0207amdappoi.html?nl
Microsoft to buy anti-virus company Sybari, 02/08/05
Microsoft said Tuesday that it is buying Sybari Software, an anti-virus and anti-spam software company. The terms of the deal were not disclosed.
https://www.nwfusion.com/news/2005/0208sybari.html?nl
Opinion: The last turn in AT&T’s twisted fate, 02/07/05
The good news in all of this is that AT&T today is pared back to its essentials – a focused, high-end enterprise network service provider. The question is if there is any leverage to be gained merging that with SBC. Our guess: not much.
https://www.nwfusion.com/columnists/2005/020705edit.html?nl
Opinion: The SBC/AT&T merger: Beginning or end?, 02/07/05
SBC’s planned $16 billion acquisition of AT&T similarly marks, in many respects, the end of the beginning. The great experiment in deregulation that began with the 1982 modified final judgment is now officially over.
https://www.nwfusion.com/columnists/2005/020705johnson.html?nl
VC investments return slowly to network firms, 02/07/05
Venture investments in network companies began to bounce back in 2004, but not to the extent that they did for the overall IT industry, and still nowhere near the highs of just a few years ago.
https://www.nwfusion.com/news/2005/020705-venture-capital.html?nl
Network and cable units boost Time Warner’s Q4, 02/04/05
Strong performances from Time Warner’s network and cable divisions boosted the company’s fourth-quarter revenue and income, allowing it to exceed expectations for the period, the company said Friday.
https://www.nwfusion.com/news/2005/0204netwoandc.html?nl
Siemens Business Services faces change, 02/04/05
Siemens plans to reduce the headcount of its loss-making IT services unit in what could be the first of several turn-around measures.
https://www.nwfusion.com/news/2005/0204siemebusin.html?nl
HP, EMC to settle storage dispute out of court, 02/04/05
By Robert McMillan IDG News Service, 02/04/05 HP and EMC have elected to settle a long-standing patent dispute out of court, ending a lawsuit that HP inherited with its July 2001 acquisition of storage management company StorageApps. According to …
https://www.nwfusion.com/news/2005/0204hpemc.html?nl
Lenovo revenue slips as it prepares for IBM PC buyout, 02/04/05
China’s Lenovo Group Friday reported that its total group revenue for the three months to Dec. 31 dropped by almost 4% compared with the same period a year earlier. At the same time it announced a range of senior management appointments that will be …
https://www.nwfusion.com/news/2005/0204lenovreven.html?nl
CIOs wary of IBM-Lenovo deal, says Merrill Lynch, 02/03/05
CIOs at companies that are IBM customers are evenly split on whether the sale of IBM’s PC division to China’s Lenovo Group will cause them to consider switching vendors, according to a Merrill Lynch research report published this week.
https://www.nwfusion.com/news/2005/0203cioswary.html?nl
Qwest, Verizon eyeing MCI, 02/03/05
According to reports, Qwest and Verizon are in talks with MCI regarding a possible merger.
https://www.nwfusion.com/edge/news/2005/0203qvmci.html?nl
Microsoft hires ex-PeopleSoft exec as CRM head, 02/03/05
Microsoft is bringing on a former PeopleSoft executive to oversee its CRM product, saying Thursday that Brad Wilson will take over next week as general manager of its Business Solutions CRM.
https://www.nwfusion.com/news/2005/0203microhires.html?nl
Alcatel reports Q4 profit and sees brighter outlook, 02/03/05
French telecommunications equipment vendor Alcatel SA showed guarded optimism for the year ahead, as it reported a small profit and an increase in net sales for the fourth quarter.
https://www.nwfusion.com/news/2005/0203alcatrepor.html?nl
Sun set to outsource workers, 02/03/05
Sun this week said it will outsource its internal information technology team to Computer Sciences Corp. in a contract worth $360 million.
