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Google drops target price, extends auction to Wednesday

Aug 18, 20043 mins

Latest financial news.

Google drops target price, extends auction to Wednesday, 08/18/04

Google Wednesday lowered the target price per share for its IPO, and asked the U.S. Securities and Exchange Commission to give buyers additional time to reconsider their bids, according to a notice on the company’s IPO Web site.

Google’s IPO march hits a legal bump, 08/17/04

Google’s march to a $3 billion plus IPO later this week struck a minor snag Monday with an admission by the company that the U.S. Securities and Exchange Commission and California authorities are likely …

Nortel attracts the Mounties, 08/17/04

The Royal Canadian Mounted Police this week said it has launched a criminal investigation into Nortel’s accounting practices.

Cisco dampens growth prospects despite record Q4, 08/16/04

The holidays might be a little less bright this year if Cisco’s financial outlook is any indication.

San Jose scandal highlights issues in government buying, 08/16/04

The scandal resulting from collusion between Cisco and the city of San Jose on an $8 million VoIP installation highlights how the rules differ for IT buying in the public and private sectors.

CA buys PestPatrol anti-spyware developer, 08/16/04

Computer Associates said Monday it acquired PestPatrol, a firm marketing anti-spyware software to enterprises, small businesses and individual consumers.

McAfee to buy Foundstone for $86 million, 08/16/04

Anti-virus software company McAfee Monday said it is buying Foundstone, which makes software for detecting and managing software vulnerabilities, for $86 million in cash.

Gateway signs CompUSA as second U.S. retail partner, 08/16/04

Gateway Monday signed up another retail partner for its desktop PCs, agreeing with CompUSA on a deal to place Gateway-branded PCs at 226 stores across the U.S., the company said in a release.

Benhamou will resign as chairman of PalmSource, 08/13/04

Eric Benhamou will resign as chairman of PalmSource on Oct. 28, the company announced Friday. The company said it expects he will continue in his role as chairman of sister company PalmOne.

New Commission has strong free-market credentials, 08/13/04

The new European Commission, which will take office Nov. 1, includes three strongly free-market figures in its key economic posts.

HP fires Blackmore, other sales executives, 08/12/04

HP fired three major sales executives Thursday, including former server group head Peter Blackmore, in a management shakeup following a disappointing quarter for HP’s server division.

IBM ups hiring forecast, 08/12/04

IBM Thursday said it is hiring a lot more employees than originally planned. The vendor upped its forecast for the year to 18,800 new hires, the majority of whom are destined for IBM’s services division.

Dell revenue surges in Europe, Asia during Q2, 08/12/04

Strong growth outside the U.S. in the second quarter lifted Dell to a record quarter in both revenue and earnings per share, the company announced Thursday.

HP grows Q3 revenue but servers, storage disappoint, 08/12/04

HP Thursday reported solid revenue growth for its fiscal third quarter, boosted by sales in its Personal System Group. However, it said that performance in its Enterprise Servers and Storage …