Latest financial news.
CA to buy Netegrity for $430 million, 10/06/04
Computer Associates Wednesday announced that it plans to buy identity and access management software maker Netegrity of Waltham, Mass., for $430 million in cash.
https://www.nwfusion.com/news/2004/1006catobu.html?nl
PeopleSoft board opens up to Oracle, 10/05/04
While it has so far rejected each of Oracle’s takeover offers, PeopleSoft’s board of directors is willing to talk about a deal at the right price, a member of PeopleSoft’s board said Tuesday.
https://www.nwfusion.com/news/2004/1005peoplboard.html?nl
Ballmer strikes big rivals from Microsoft shopping list, 10/05/04
Customers watching for Microsoft to make a headline-grabbing buy in the business applications market faced disappointment Tuesday as company CEO Steven Ballmer ruled out acquisitions of PeopleSoft, Oracle and SAP.
https://www.nwfusion.com/news/2004/1005ballmstrik.html?nl
Avaya to buy German IP telephony vendor, 10/05/04
U.S. telecommunications equipment maker Avaya increased its presence in Europe to the tune of about $635 million on Tuesday, agreeing to acquire German enterprise communications vendor Tenovis.
https://www.nwfusion.com/news/2004/1005avayatobu.html?nl
Stage is set for EU software directive clash, 10/05/04
A clash between the European Parliament and the Council of Ministers over the European Union software patents directive looks almost certain after the assembly chose an outspoken opponent of the legislation to draw up its response to the Council.
https://www.nwfusion.com/news/2004/1005stageisse.html?nl
Bush signs extension to R&D tax credit, 10/05/04
U.S. President George Bush Monday signed a bill that included an 18 month extension of an R&D tax credit sought by many IT groups.
https://www.nwfusion.com/news/2004/1005bushsigns.html?nl
Microsoft, HP, IBM safe from Kodak software patent, 10/05/04
Though a Friday patent lawsuit verdict against Sun could potentially have a wide-ranging impact on the computer industry, the ruling appears unlikely to affect three of the world’s largest IT companies, who have licensed the technology in question. HP …
https://www.nwfusion.com/news/2004/1005kodak.html?nl
Kodak wins patent lawsuit against Sun, 10/04/04
A federal jury in New York has dealt a legal blow to Sun. The jury ruled that Sun violated several patents held by Eastman Kodak when it developed its Java technology, a Kodak spokeswoman confirmed on Monday.
https://www.nwfusion.com/news/2004/1004kodakwins.html?nl
WLAN switch vendor Legra vanishes, 10/04/04
Not quite a year after introducing its wireless LAN switch, Legra Systems apparently has gone out of business.
https://www.nwfusion.com/news/2004/1004legra.html?nl
SunGard will spin off disaster recovery unit, 10/04/04
SunGard Data Systems plans to split into two companies, spinning off a disaster recovery services unit using a tax-free distribution of shares to stockholders, the software and services vendor said Monday.
https://www.nwfusion.com/news/2004/1004sungawill.html?nl
DOJ won’t appeal Oracle ruling, 10/01/04
The U.S. Department of Justice will not appeal a ruling by a California judge that would allow Oracle’s proposed hostile takeover of competing software vendor PeopleSoft.
https://www.nwfusion.com/news/2004/1001dojwont.html?nl
Update: PeopleSoft CEO Conway gets the boot, 10/01/04
PeopleSoft CEO and President Craig Conway Friday was shown the door by the company’s board of directors, who immediately replaced him with Dave Duffield, PeopleSoft’s founder and chairman.
https://www.nwfusion.com/news/2004/1001peoplceoc.html?nl
Hitachi, NEC launch networking equipment joint venture, 10/01/04
Alaxala Networks, the backbone-network router and switch joint venture announced by Hitachi and NEC earlier this year, began operations on Friday, it said in a statement.
https://www.nwfusion.com/news/2004/1001hitacnecl.html?nl
IBM pays $320 million to partially settle pension case, 09/30/04
IBM said Wednesday it will take a $320 million charge this quarter to settle some claims and cap its liability on others in a long-running class-action dispute about changes made in the 1990s to its pension plan.
https://www.nwfusion.com/news/2004/0930ibmtopa.html?nl
Nortel details plans to lay off 3,250 employees, 09/30/04
Nortel will lay off approximately 1,400 employees in the U.S. and about 950 in Canada, with those employees to be notified by the end of June 2005, the network equipment vendor said in a regulatory filing Thursday that fleshed out earlier …
https://www.nwfusion.com/edge/news/2004/0930nortedetai.html?nl
StorageTek buys storage mgmt. company, 09/30/04
StorageTek Thursday announced that it has acquired storage management vendor Storability.
https://www.nwfusion.com/news/2004/0930stek.html?nl
Red Hat picks up pieces of Netscape, 09/30/04
Red Hat has gone scavenging among Netscape’s remains, agreeing Thursday to pay America Online up to $23 million in cash for the assets of Netscape Communications’ Security Solutions unit.
https://www.nwfusion.com/news/2004/0930redhat.html?nl
Microsoft loses FAT patent, wins Smart Tag case, 09/30/04
Microsoft is fighting a rejection by U.S. patent authorities of a patent for its FAT file system, the company said Thursday. Meanwhile, it’s celebrating a jury decision clearing it of patent infringement charges related to a feature in its Office …
