Latest financial news.
Akamai acquires rival Speedera Networks, 03/16/05
Content delivery specialist Akamai Technologies Wednesday announced it plans to acquire rival Speedera Networks, a move designed to boost Akamai’s standing against larger managed services vendors by expanding its network reach and its portfolio of services.
https://www.nwfusion.com/news/2005/0315akamai.html?nl
Update: Ebbers found guilty of WorldCom fraud, 03/15/05
Former WorldCom CEO Bernard Ebbers Tuesday was found guilty on all charges of conspiracy and fraud leveled against him in connection with $11 billion of accounting misstatements that led to the telecommunications giant’s bankruptcy, according to the U …
https://www.nwfusion.com/edge/news/2005/0315ebbers1.html?nl
Microsoft, Time Warner complete ContentGuard buy, 03/15/05
The European Commission has given Microsoft, Time Warner and Thomson the green light to close their joint acquisition of digital rights management company ContentGuard, the companies said Tuesday.
https://www.nwfusion.com/news/2005/0315microtime.html?nl
Microsoft snaps up Groove, Ozzie, 03/14/05
Microsoft made a high-profile move last week acquiring Groove Networks for an undisclosed sum and adding Groove’s virtual peer-to-peer software to its ever-growing portfolio of collaboration software.
https://www.nwfusion.com/news/2005/031405-microsoft-groove.html?nl
IBM to buy Ascential for $1.1 billion, 03/14/05
IBM has agreed to buy data integration software maker Ascential Software for about $1.1 billion in cash, the companies said Monday.
https://www.nwfusion.com/news/2005/0314updat-ibm.html?nl
Oracle, SAP duke it out over retail app maker Retek, 03/14/05
A battle for retail software maker Retek ignited last week when Oracle bested rival SAP’s $496 million offer for the firm. Up for grabs is the Minneapolis company’s retail industry expertise and credibility with retail companies – something Oracle …
https://www.nwfusion.com/news/2005/031405retek.html?nl
Wyse CEO touts software initiative, 03/14/05
So how does Kish plan to double Wyse revenue to about $350 million in two years and make it a $1 billion company in five? Network World Senior Editor John Cox spoke with him as he was packing for a three-week business trip to the Far East.
https://www.nwfusion.com/news/2005/031405-wyse.html?nl
Qwest to up its bid for MCI, 03/11/05
Qwest is set to sweeten its offer for MCI, according to published reports.
https://www.nwfusion.com/edge/news/2005/0311qwestsweet.html?nl
BT signs hefty Reuters contract, buys Radianz, 03/10/05
Reuters Group has awarded BT Group a worldwide network services outsourcing contract valued at $3 billion over eight and a half years, the companies announced Wednesday. Additionally, Reuters is selling its Radianz unit to BT for $175 million.
https://www.nwfusion.com/edge/news/2005/0310btsigns.html?nl
Federal gov’t approves IBM, Lenovo deal, 03/09/05
IBM Wednesday said it received final U.S. government approval to sell its PC division to Chinese PC vendor Lenovo Group, and expects to close the deal soon.
