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CA cutting 5% of workforce

Sep 29, 20043 mins

Latest financial news.

CA cutting 5% of workforce, 09/29/04

Computer Associates plans to cut 800 positions worldwide, 5% of its workforce, in hopes of shaving $70 million annually off its operating costs.

Leucadia sells shares of MCI, 09/28/04

Leucadia National this week sold all of its MCI stock.

Microsoft, file phishing, spamming lawsuits, 09/28/04

Microsoft and Monday filed one joint and several separate lawsuits against companies and individuals accusing them variously of trying to defraud consumers by imitating Amazon and Microsoft, the companies said Tuesday.

CA ex-CEO Kumar loses perks after indictment, 09/27/04

Computer Associates has revoked perks, including office space and home security services, that it handed out to former Chairman and CEO Sanjay Kumar after he left the company last month.

Avici warns on earnings, extends pact with AT&T, 09/27/04

Core router maker Avici Systems this week warned that third-quarter revenue will be significantly lower than expected due to delays in anticipated network build-outs and timing of expected orders.

Opinion: MCI isn’t the bargain would-be buyers envision, 09/27/04

MCI’s proposed new deal structure is clearly targeted to appeal to two types of buyers: telcos that don’t want or need a consumer-services business, and professional-services firms that want to enter the telecom market but lack networks. For both, the …

Analysts debate possible sale of MCI, 09/27/04

While it emerged from bankruptcy five months ago, it appears there could be more big changes in MCI’s future.

Tech companies building bridges with China, 09/27/04

John Chambers, the CEO and president of Cisco, doesn’t care when economists think China is going to become the world’s largest economy. He’s just thinking about what needs to be done for Cisco to tap into that market.

Commerce One runs out of cash, 09/24/04

After spending several years in a protracted death spiral, Commerce One is finally on the verge of ending its misery by running out of cash. The San Francisco software maker laid off most of its staff this week and said in a Friday regulatory filing …

EU chief seen as keen to push Oracle merger through, 09/24/04

The European Commission has confirmed that it wants to reach a decision on Oracle’s hostile bid for PeopleSoft before the end of October, prompting speculation that it will approve the merger.

Airbus withdraws support for Microsoft in EU case, 09/24/04

European aircraft maker Airbus has withdrawn its petition to intervene in the European Commission’s anti-trust case against Microsoft, one week before the software maker is set to have a hearing in its appeal, a Microsoft representative confirmed on …

Oracle further extends PeopleSoft offer, 09/23/04

Oracle has again extended its $7.7 billion cash offer for PeopleSoft. Shareholders now have until Oct. 8 to tender their shares, Oracle said Thursday.

AMD still mulling plans for a joint-venture chip plant, 09/23/04

Advanced Micro Devices may yet team up with another chip maker for the construction of a semiconductor fabrication plant to expand its manufacturing capacity for microprocessors, despite shelving similar plans in 2003, according to a senior company …