Latest financial news.
U.S. gov’t report: IT industry growing again, 12/17/03
The U.S. technology industry is growing again after two years of layoffs and low profits, according to a report on 2003 released Tuesday by the U.S. Department of Commerce’s Economics and Statistics Administration.
https://www.nwfusion.com/news/2003/1217usgovt.html?nl
IBM buys document management software company, 12/17/03
Wednesday picked up new document management technology for its content management portfolio through the acquisition of Green Pasture Software, a small software developer based in Corvallis, Ore.
https://www.nwfusion.com/news/2003/1217ibmbuys.html?nl
VeriSign to acquire Guardent, 12/17/03
VeriSign Wednesday announced it is buying Guardent, a managed security service provider, for $140 million in stock and cash.
https://www.nwfusion.com/news/2003/1217veristoac.html?nl
Oracle earnings up on strengthening market, 12/15/03
Citing a strengthened competitive position and an improving economy, Oracle reported fiscal second-quarter results on Monday that exceeded its own guidance and hit the upper end of Wall Street …
https://www.nwfusion.com/news/2003/1215oraclearni.html?nl
Report: IBM to move up to 4,730 software jobs out of U.S., 12/15/03
IBM plans to move up to 4,730 programming jobs from the U.S. to India, China and other countries, according to a report published Monday in the online edition of The Wall Street Journal.
https://www.nwfusion.com/news/2003/1215reportibm.html?nl
Zander to head Motorola, 12/16/03
Ed Zander, former president of Sun, is returning to the corporate IT world as chairman and CEO of Motorola.
https://www.nwfusion.com/news/2003/1216zander.html?nl
Nortel veteran to head AirDefense, 12/16/03
A 19-year veteran of network giant Nortel has been named president and CEO of a small WLAN security software company.
https://www.nwfusion.com/news/2003/1216air.html?nl
Check Point buys Zone to bolster endpoint security, 12/15/03
Check Point Software is to buy Zone Labs, which makes software that can tell whether a remote machine meets security policies before allowing it to access a corporate VPN. The $205 million cash- …
https://www.nwfusion.com/net.worker/news/2003/1215checkzone.html?nl
EMC buys VMWare for $635 million, 12/15/03
EMC on Monday announced plans to buy Palo Alto, Calif., software company VMWare, a move that further strengthens EMC’s growing software portfolio.
https://www.nwfusion.com/news/2003/1215emcbuys.html?nl
Forecasts: IT budgets set to grow, 12/15/03
The leading high-tech industry watchers forecast that 2004 will see the most significant increase in IT spending in more than three years, but don’t go looking for double-digit growth projections.
https://www.nwfusion.com/news/2003/1215predictions.html?nl
C&W files Chapter 11; bows out of U.S., 12/15/03
Cable & Wireless has ended more than a year of uncertainty regarding the future of its U.S. business, but observers are mixed over what the news means for customers.
https://www.nwfusion.com/news/2003/1215cw.html?nl
WorldCom’s former CEO Sidgmore dies at 52, 12/12/03
John Sidgmore, the Internet pioneer and former WorldCom executive who steered the company as it emerged from a multibillion-dollar accounting scandal, died Thursday at the age of 52.
https://www.nwfusion.com/news/2003/1212worldforme.html?nl
Court approves CA’s shareholder suits settlement, 12/11/03
A federal court has approved Computer Associates’ plans to settle all outstanding litigation about its often-questioned past accounting practices, the company said Thursday.
https://www.nwfusion.com/news/2003/1211courtappro.html?nl
Cisco seeks greater productivity through study, 12/11/03
Cisco recently began an intense management focus on internal business processes in an effort to boost its productivity, Cisco CEO John Chambers told reporters and analysts Wednesday.
