Latest financial news.
IBM extends consulting unit with Equitant buy, 02/02/05
Continuing its effort to build its business consulting unit, IBM will acquire Equitant, a provider of business transformation outsourcing services, the companies announced Wednesday.
https://www.nwfusion.com/news/2005/0202ibmexten.html?nl
Nortel finally posts Q1, Q2 results for 2004, 02/02/05
Recovering from losses in the previous year, Nortel Tuesday said it earned $0.01 per share in the first quarter of 2004 and broke even in the second quarter.
https://www.nwfusion.com/edge/news/2005/0202nortefinal.html?nl
Open source backer warns of ‘patent WMDs’, 02/02/05
Despite recent efforts by IBM and Sun to make thousands of software patents available to open source developers, patents remain a major source of concern, according to a panel of open source luminaries who discussed the issue at the OSDL Enterprise …
https://www.nwfusion.com/news/2005/0202opensourc.html?nl
Microsoft invests in European science centers, 02/02/05
Following the European Commission’s call Wednesday for increased technology research, Microsoft launched an initiative to invest in scientific research centers in Europe.
https://www.nwfusion.com/news/2005/0202microinves.html?nl
Job cuts part of SBC acquisition of AT&T, 02/01/05
More than 12,000 jobs are likely to be eliminated in SBC’s planned acquisition of AT&T announced this week.
https://www.nwfusion.com/edge/news/2005/0201jobcuts.html?nl
SBC plus AT&T equals confused international picture, 02/01/05
Maybe this time around, SBC will have more luck with its international ambitions.
https://www.nwfusion.com/edge/news/2005/0201sbcat.html?nl
Study: 2004 was ‘turnaround’ year for telecom industry, 02/01/05
The U.S. telecommunications industry appears to have come out of its slump from earlier this decade, with spending projected to grow 9.5% a year from 2004 to 2008, according to a study released Tuesday by the Telecommunications Industry Association (TIA).
https://www.nwfusion.com/edge/news/2005/0201study2004.html?nl
Google posts strong Q4 growth in revenue, net income, 02/01/05
Google saw its revenue and net income grow significantly in its fourth quarter, as the search engine giant’s ad sales continued to climb both on its Web sites and on its ad network partners’ Web sites.
https://www.nwfusion.com/news/2005/0201googlposts.html?nl
Dawning of a new day in telecom as SBC acquires AT&T, 01/31/05
SBC is acquiring AT&T for about $16 billion in a merger deal announced Monday.
https://www.nwfusion.com/edge/news/2005/0131attsbc.html?nl
Is Juniper out shopping?, 01/31/05
Ever since Cisco acquired wireless LAN switch maker Airespace three weeks ago, speculation has swirled about how router rival Juniper might respond.
https://www.nwfusion.com/news/2005/013105-juniper-wireless.html?nl
Report: Lenovo’s IBM deal to face U.S. review, 01/28/05
The U.S. government will conduct an extended review of Lenovo Group’s planned acquisition of IBM’s PC business to determine whether or not the deal threatens U.S. national security interests, according to a report by The Wall Street Journal.
https://www.nwfusion.com/news/2005/0128updat-rep2.html?nl
Siemens: Q1 profit soars, no mobile decision, 01/27/05
First-quarter profit at German electronics giant Siemens soared 38% on strong performance from its automation, medical and car automotive units. But the mobile phone unit, which is rumored to be up for sale, posted its third consecutive quarterly loss.
https://www.nwfusion.com/news/2005/0127updat-sie.html?nl
Microsoft Q2 revenue beats company’s own guidance, 01/27/05
Citing strength across its business, Microsoft on Thursday reported record revenue for its second fiscal quarter that beat its own guidance as well as Wall Street’s expectations.
