Latest financial news.
Yahoo buys VoIP service company Dialpad, 06/15/05
Yahoo has bought VoIP service provider Dialpad Communications to use its technology in Yahoo’s VoIP services, Dialpad said Tuesday.
http://www.networkworld.com/news/2005/061505-yahoo-dialpad.html?nl
Proxim agrees to sell assets to Moseley, 06/14/05
Proxim, a producer of Wi-Fi and broadband wireless equipment, announced on Saturday that it has sold substantially all of its assets to Moseley Associates. Proxim has endured a steep decline in revenue and increases in deficits over the last four …
http://www.networkworld.com/news/2005/061405-proxim.html?nl
Study: Telecom mergers will raise costs to businesses, 06/14/05
Proposed telecommunications mergers between SBC and AT&T and between Verizon and MCI will lead to a 15% price increase for large-business customers, an economist hired by competitors of SBC and Verizon said Tuesday.
http://www.networkworld.com/news/2005/061405-telecom-mergers.html
Ex-Cisco executives flee Nortel, 06/13/05
Nortel’s enterprise network ambitions suffered a setback last week as two top officials – both former Cisco executives – departed after just three months on the job.
http://www.networkworld.com/news/2005/061305-nortel.html?nl
Opinion: Novell: The old cash cow ain’t what she used to be, 06/13/05
Novell’s recent quarterly financial announcements brought a good news-bad news mix for NetWare that’s almost becoming the permanent snapshot for the company.
http://www.networkworld.com/columnists/2005/061305kearns.html?nl
XO files golden parachute plan, 06/10/05
XO Communications has filed a golden parachute provision with the SEC in the event of a change in control at the company.
http://www.networkworld.com/edge/news/2005/061005-xo-8k.html?nl
Q&A: CEO Owens defines Nortel’s new priorities, 06/10/05
Just before the sudden resignations of COO Gary Daichendt and CTO Gary Kunis, Nortel CEO Bill Owens sat down with Network World’s Jim Duffy at Supercomm 2005 to discuss the state of Nortel after completing years of financial restatements. The …
http://www.networkworld.com/news/2005/061005-nortel-owens.html?nl
Oracle acquires TimesTen database software, 06/09/05
Oracle Thursday announced it has agreed to buy TimesTen, a privately held company that makes software for boosting the performance of database applications used for stock trading, airline reservations and other areas where fast response times are …
http://www.networkworld.com/news/2005/0609oraclacqui.html?nl
Computer Associates buys Niku for $350 million, 06/09/05
Computer Associates has agreed to buy Niku, an IT management and governance software company, for around $350 million in cash, the companies announced Thursday.
http://www.networkworld.com/news/2005/060905-ca-niku.html?nl
Qwest chief says company is open to offers, 06/08/05
Qwest is leaving open the possibility that it might be bought by another service provider, according to remarks by the company’s chairman and CEO at a lunch of local executives.
http://www.networkworld.com/edge/news/2005/060805-qwest-notebaert.html?nl
