• United States

Lucent fires top Chinese executives for bribery

Apr 07, 20044 mins

Latest financial news.

Lucent fires top Chinese executives for bribery, 04/07/04

Lucent fired four executives at its Chinese operations, including the president and COO, for violations of the U.S. Foreign Corrupt Practices Act, the company said in a filing Tuesday with the U.S. Securities and Exchange Commission.

IBM acquires Indian BPO company Daksh, 04/07/04

IBM Wednesday announced it plans to acquire Daksh eServices Pvt. Ltd., a business process outsourcing company in Gurgaon, near Delhi.

Nortel under SEC microscope, 04/05/04

Nortel this week said the SEC has opened up a formal investigation of the company following restatements of financial results.

Opinion: SCO business ‘plan’ is a flop, 04/05/04

It’s sad that SCO had the opportunity to turn itself into a competitive purveyor of Unix and Linux but instead decided to make its money through scare tactics and the courts.

Opinion: Sorry, Microsoft, but the EU got it right, 04/05/04

Outside of Redmond, very few people thought the Department of Justice settlement did anything about “competitive concerns.” Many people, in fact, thought the Justice Department should be investigated …

Sun names Loiacono new head of software, 04/05/04

Sun has promoted John Loiacono to replace Jonathan Schwartz as the new head if its software business. Schwartz was elevated to president and chief operating officer Friday, when Sun announced a …

Judge denies Lindows’ request to halt Microsoft suits, 04/05/04

Microsoft can continue to pursue trademark infringement cases against Linux vendor in international courts, a U.S. federal judge ruled Friday.

Sun, Microsoft settle suit in billion-dollar pact, 04/02/04

Sun Friday said it has entered into a “broad cooperation agreement” with Microsoft and settled all outstanding litigation. Microsoft will pay Sun $700 million to resolve all pending anti-trust …

Sun shakes up jobs, money and partners, 04/02/04

Saying that it is undertaking “one of the great repositionings of the post Internet bubble,” Sun not only announced Friday that it reached a settlement on antitrust charges and is collaborating with long- …

CLECs, FCC commissioners call for UNE negotiations, 04/02/04

Competitors to the incumbent owners of large chunks of the U.S. telephone networks are proposing their own solutions for access to parts of those networks following a March court ruling overturning …

Sybase to buy XcelleNet for mobile software, 04/02/04

Sybase is set to expand its offerings for remote and mobile systems with the acquisition of XcelleNet for about $95 million, the company announced Friday.

Ariba plans another acquisition, 04/02/04

Ariba this week announced plans to acquire privately held Softface, which makes software to help companies keep track of monies spent.

Gateway to close all retail stores, 04/01/04

Gateway plans to close its entire network of 188 retail stores next week and lay off about 2,500 staff, the PC maker announced Thursday.

CA names ex-HP exec Jeff Clarke as new CFO, 04/01/04

Computer Associates Thursday named former HP global operations head Jeff Clarke as its executive vice president and chief financial officer.

IBM to buy mainframe mgmt. veteran, 04/01/04

IBM Thursday announced plans to acquire management software maker Candle Corp., a longtime partner and sometime competitor, for an undisclosed sum.