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.
https://www.nwfusion.com/news/2004/0407lucenfires.html?nl
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.
https://www.nwfusion.com/news/2004/0407updatibm.html?nl
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.
https://www.nwfusion.com/edge/news/2004/0405nortsec.html?nl
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.
https://www.nwfusion.com/columnists/2004/0405musthaler.html?nl
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 …
https://www.nwfusion.com/columnists/2004/0405kearns.html?nl
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 …
https://www.nwfusion.com/news/2004/0405sunsw.html?nl
Judge denies Lindows’ request to halt Microsoft suits, 04/05/04
Microsoft can continue to pursue trademark infringement cases against Linux vendor Lindows.com in international courts, a U.S. federal judge ruled Friday.
https://www.nwfusion.com/news/2004/0405judgedenie.html?nl
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 …
https://www.nwfusion.com/news/2004/0402sunsettl.html?nl
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- …
https://www.nwfusion.com/news/2004/0402sunshake.html?nl
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 …
https://www.nwfusion.com/edge/news/2004/0402clecsfcc.html?nl
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.
https://www.nwfusion.com/news/2004/0402sybase.html?nl
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.
https://www.nwfusion.com/news/2004/0402ariba.html?nl
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.
https://www.nwfusion.com/net.worker/news/2004/0401gatewtocl.html?nl
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.
https://www.nwfusion.com/news/2004/0401canames.html?nl
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.
