Latest financial news.
Microsoft aims to save $1 billion this fiscal year, 07/07/04
Microsoft customers have heard the vendor profess that its software allows them to “do more with less,” but now it’s Microsoft employees’ turn: The company is cutting back on benefits.
https://www.nwfusion.com/news/2004/0707updatmic.html?nl
PeopleSoft says anti-trust trial hurt its Q2, 07/07/04
PeopleSoft Wednesday released its preliminary second-quarter 2004 results, warning that it has been substantially impacted by Oracle’s hostile bid for the company and publicity it has received in recent court skirmishes.
https://www.nwfusion.com/news/2004/0707peoplsays.html?nl
Microsoft Anti-trust: EU court sets ‘informal’ meeting July 27, 07/07/04
The president of the European Court of First Instance, Bo Vesterdorf, has called on officials from Microsoft and the European Commission, as well as other interested parties, to attend an informal meeting on July 27, a spokesman for the Luxembourg court said Wednesday.
https://www.nwfusion.com/news/2004/0707msantit.html?nl
Veritas warns of earnings miss, share price plunges, 07/06/04
Storage software maker Veritas Software warned Tuesday of lower-than-expected revenue in its just-ended second quarter, a shortfall it blamed on sluggish software license sales in the U.S. Veritas’ shares plunged on the news, dropping 35%, to $17.33, in morning trading on the Nasdaq exchange.
https://www.nwfusion.com/news/2004/0706veritwarns.html?nl
EFF takes aim at 10 key IT patents, 07/06/04
The Electronic Frontier Foundation has issued a list of the 10 patents it considers most dangerous to the continuing freedom of use of the Internet and related software.
https://www.nwfusion.com/news/2004/0706efftakes.html?nl
Network Associates changes name back to McAfee, 07/01/04
McAfee is McAfee once again. After a seven-year stint doing business under the name Network Associates Inc., the company formerly known as McAfee Associates Inc. has readopted its founder’s name …
https://www.nwfusion.com/news/2004/0701netwoassoc.html?nl
Microsoft to pay cash in Minnesota settlement, 07/01/04
Microsoft will pay $5 million in cash and up to $177 million in vouchers to settle a class-action lawsuit brought by Minnesota consumers who accused the company of abusing its Windows monopoly to …
https://www.nwfusion.com/news/2004/0701microtopa.html?nl
PeopleSoft offer is in self-defense, Ellison says, 07/01/04
Oracle wants to buy PeopleSoft to survive in a consolidating and increasingly competitive business applications market, Oracle CEO Larry Ellison testified in the U.S. government’s case to block the …
