Latest financial news.
Cingular, AT&T Wireless close $41 billion merger, 10/26/04
After clearing Department of Justice and FCC hurdles, Cingular Wireless and AT&T Wireless have completed their $41 billion merger, creating the nation’s biggest wireless carrier in terms of subscribers.
https://www.nwfusion.com/edge/news/2004/1026cingatt.html?nl
Venture funding not a summer blockbuster, 10/26/04
Venture capital funding of technology companies slowed this summer, although experts predict the amount of money private companies raise this year will be on par with 2003.
https://www.nwfusion.com/news/2004/1026venture.html?nl
Navy deal may pose more financial problems for EDS, 10/26/04
Electronic Data Systems could be facing more rough waters with its $8.8 billion U.S. Navy contract, as the IT services provider delayed release of its third-quarter results on Monday pending a review of the value of its assets used on the deal.
https://www.nwfusion.com/news/2004/1026navydeal.html?nl
C&W continues fire sale, off-loads Japan division, 10/26/04
Network operator Cable and Wireless Tuesday announced it has agreed to sell its Japanese business, Cable & Wireless IDC, to Softbank for £72.4 million ($133.3 million).
https://www.nwfusion.com/edge/news/2004/1026cwconti.html?nl
EU clears Oracle bid for PeopleSoft, 10/26/04
The European Commission has given the green light to the proposed Oracle acquisition of PeopleSoft, European Union Competition Commissioner Mario Monti said Tuesday.
https://www.nwfusion.com/news/2004/1026euclear.html?nl
Google earnings expectations create overnight confusion, 10/22/04
Whether Google exceeded or missed earnings expectations for its third quarter remained unclear until mid-morning Friday.
https://www.nwfusion.com/news/2004/1022google2.html?nl
Yahoo joins the search with Stata purchase, 10/22/04
Yahoo has snapped up privately held e-mail software company Stata Labs, which develops technology that allows users to quickly search through mail and attachments. The move, announced Thursday, generated speculation that the Internet powerhouse is …
https://www.nwfusion.com/news/2004/1022yahoojoins.html?nl
Quantum acquires tape drive maker Certance, 10/21/04
Storage vendor Quantum Wednesday said in a statement that it has agreed to purchase Certance LLC, a manufacturer of tape-based storage devices in Costa Mesa, Calif.
https://www.nwfusion.com/news/2004/1021quantacqui.html?nl
AT&T posts $7.1 billion loss on impairment charge, 10/21/04
AT&T Thursday reported a net loss of $7.1 billion, or $8.95 per share, for the third quarter of 2004, but that loss included asset re-evaluation and other charges of $12.5 billion.
https://www.nwfusion.com/news/2004/1021attposts.html?nl
Microsoft earnings set record, but red flag seen on licensing, 10/21/04
Microsoft set a record for revenue and profit in its fiscal first quarter, but the company saw a drop in unearned revenue, an indication that renewals in its volume-licensing program could be slowing.
https://www.nwfusion.com/news/2004/1020microearn.html?nl
Cisco buys network security company Perfigo, 10/21/04
Network equipment maker Cisco said it intends to buy Perfigo for $74 million in cash, boosting the company’s efforts to secure network “endpoints” and protect them from worms, viruses and hacking.
https://www.nwfusion.com/news/2004/1021ciscobuys.html?nl
PeopleSoft posts solid Q3 revenue growth, 10/21/04
PeopleSoft raced past analyst expectations in its just-ended quarter, reporting on Thursday a 12% increase in revenue, to $698.8 million, and a slight uptick in revenue from software license sales.
