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CA may escape charges in DOJ deal

Sep 22, 20044 mins

Latest financial news.

CA may escape charges in DOJ deal, 09/22/04

Computer Associates has reached a deal with the Department of Justice under which the company will pay compensation to shareholders and open its accounts to monitoring by an independent third party, in return for the Justice Department deferring prosecution in its investigation of accounting fraud at the company, U.S. newspaper reports said Wednesday.

Cisco to provide $50 million financing to Korean SMEs, 09/22/04

Cisco Tuesday said it will provide up to $50 million to South Korean small and midsize enterprises to help finance their adoption of the latest networking technologies.

Microsoft CFO: Expect us to make more big acquisitions, 09/21/04

Microsoft may make more large acquisitions than it has done historically and become a more distributed company as opposed to moving key employees to its Redmond, Wash., headquarters, CFO John …

Money crossing the Palm, 09/21/04

Things are looking up for palmOne, the “hardware half” of the Palm empire. The compnay reported a 62% jump in quarterly revenue, to $273.1 million for the first quarter of fiscal 2005.

TruSecure merges with Betrusted, 09/20/04

Information security services companies TruSecure and Betrusted plan to announce on Tuesday that they have merged, forming a new company called Cybertrust.

JPMorgan Chase cancels deal with IBM, 09/20/04

IBM last week lost one of its highest-profile outsourced-IT clients, as JPMorgan Chase says it is canceling the remaining portion of a contract that was intended as a seven-year, $5 billion deal.

In depth: Sun looks for turn-around on Wall Street, 09/20/04

On Tuesday, executives from Sun will head to Wall Street, hoping to convince customers and partners in the financial industry that the company continues to be viable in the industry that Sun …

EDS faces headwinds, aims to reconnect, 09/20/04

Electronic Data Systems is among the world’s largest IT services providers, with $20 billion annual revenue and 122,000 employees. But the company has struggled over the last few years to recover from a string …

Airbus questions EU’s decision on Microsoft, 09/17/04

European aircraft manufacturer Airbus has taken issue with part of the European Union’s anti-trust decision against Microsoft and has filed a petition with the court handling the software maker’s …

PeopleSoft’s prospects top agenda at show, 09/17/04

At PeopleSoft’s Connect 2004 conference in San Francisco next week, the software vendor is expected to face questions from users about its ability to fend off Oracle’s hostile takeover bid and …

China slammed on product piracy, 09/17/04

The Chinese government Thursday came under heavy criticism by two U.S. business groups that are urging China to crack down on its growing piracy market and focus on the protection of intellectual property …

Symantec to acquire security consultants @Stake, 09/16/04

Symantec has agreed to acquire @Stake, a Cambridge, Mass.-based provider of IT security consulting services.

Nortel sees slower-than-market growth in Q3, 09/16/04

Nortel expects its revenue in the third quarter to fall below the previous quarter’s estimated number and for its full-year 2004 revenue to grow slower than the overall communications equipment …

Oracle hires HP vice president to sell software hosting service, 09/16/04

Oracle has tapped Juergen Rottler, formerly with HP, to head its growing On Demand unit, a division that sells software-hosting services.