Latest financial news.Nortel plans cost-cutting moves, 07/27/04Nortel next month plans to announce efforts to rein in operating costs and boost profits.https://www.nwfusion.com/edge/news/2004/0727nortelcut.html?nl Bells’ revenues buoyed by wireless and data, 07/27/04Verizon and BellSouth this week recorded higher quarterly earnings on growth in wireless and data services. https://www.nwfusion.com/edge/news/2004/0727bellrev.html?nlVenture funding climbs, refocuses on start-ups, 07/27/04Venture funding in the information technology sector continues to grow, according to a pair of recent reports, with early-stage companies seeing more investments than they have in previous years.https://www.nwfusion.com/news/2004/0727venture.html?nlSymbol to buy RFID company Matrics, 07/27/04Symbol Technologies on Tuesday moved to beef up its radio frequency identification capabilities with an agreement to acquire Matrics Inc., a maker of RFID readers and tags. https://www.nwfusion.com/news/2004/0727symbol.html?nlAlcatel gets closer to Tropic, 07/27/04Alcatel this week said it is investing an undisclosed amount in Tropic Networks, a maker of reconfigurable optical add/drop multiplexers (ROADM).https://www.nwfusion.com/edge/news/2004/0727tropic.html?nl PeopleSoft misses lowered revenue forecast, 07/27/04PeopleSoft fell short of its reduced revenue targets in the second quarter, a result the company blamed on hoopla surrounding the ongoing legal battle between the U.S. Department of Justice and Oracle …https://www.nwfusion.com/news/2004/0727peoplmisse.html?nlWatchfire in deal to acquire Sanctum, 07/26/04Watchfire, of Waltham, Mass., which makes the WebXM server-based scanning tool for accessing compliance with privacy issues, announced it has entered into an agreement to acquire security product …https://www.nwfusion.com/news/2004/0726watchfire.html?nlBayStar threatens SCO with lawsuit, 07/26/04The SCO Group and investment firm BayStar Capital are apparently unable to agree on whether a June stock repurchase agreement between the two companies has closed, and BayStar now intends to file a …https://www.nwfusion.com/news/2004/0726baystar.html?nlMicrosoft rejects Japan Fair Trade Commission finding, 07/26/04Microsoft has rejected a recommendation by the Japan Fair Trade Commission (JFTC) that certain provisions in license agreements between it and Japanese PC vendors violate the country’s …https://www.nwfusion.com/news/2004/0726updatmic.html?nlEx-employee alleges Google discriminates, 07/24/04A former Google employee is suing the search engine company alleging wrongful termination and discrimination on the basis of age and disability.https://www.nwfusion.com/news/2004/0724exemalleg.html?nlGateway re-embracing PC market amid heavy Q2 losses, 07/23/04Gateway will refocus its attention on the PC market as it moves away from the consumer electronics market it believed would return it to profitability a year ago, the company said Thursday during …https://www.nwfusion.com/news/2004/0723gatewreem.html?nlMicrosoft to hire 7,000 people, looks to sell Slate, 07/23/04Microsoft said on Friday that it plans to hire as many as 7,000 people in its current fiscal year and increase spending on research and development. The software maker also said it is talking to …https://www.nwfusion.com/news/2004/0723microtohi.html?nlMicrosoft revenue climbs 15%, 07/22/04Profiting from continued strength in the PC market, Microsoft Thursday defied earnings misses by other software vendors and reported a 15% increase in revenue for the final quarter of its 2004 fiscal year.https://www.nwfusion.com/news/2004/0722microreven.html?nlAT&T income down, company shifts focus, 07/22/04AT&T Thursday posted a drop in net income of $428 million from the second quarter of 2003 and said it will shift its focus away from residential telephone services.https://www.nwfusion.com/edge/news/2004/0722attincom.html?nlSAP appoints new head of SMB initiatives, 07/22/04German business software vendor SAP Thursday selected Donna Troy to head its All-in-One and Business One small and midsize international channel and business development programs.https://www.nwfusion.com/news/2004/0722sapappoi.html?nlOracle hiring at steady pace in India, 07/22/04Oracle is recruiting about 250 employees per month in India, said Charles Phillips, the company’s president, on a two-day visit to the country.https://www.nwfusion.com/news/2004/0722oraclhirin.html?nlCA shows revenue growth but cuts sales forecast, 07/22/04Computer Associates released quarterly financial results on Thursday meeting its reduced expectations, but in an indication it sees continuing problems ahead, lowered its guidance for the rest of its …https://www.nwfusion.com/news/2004/0722updatca.html?nl Related content news analysis Western Digital keeps HDDs relevant with major capacity boost Western Digital and rival Seagate are finding new ways to pack data onto disk platters, keeping them relevant in the age of solid-state drives (SSD). 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