Latest financial news.
Sears awards $1.6 billion outsourcing deal to CSC, 06/02/04
Hoping to free its IT department for more strategic tasks, Sears, Roebuck and Co. has decided to outsource its IT infrastructure support services to Computer Sciences Corp.
https://www.nwfusion.com/news/2004/0602searsaward.html?nl
Stock deal expands SCO’s freedom, 06/02/04
BayStar Capital LP and The SCO Group have agreed to a deal under which BayStar recoups some of its investment in SCO and the Unix company gets more freedom in running its business.
https://www.nwfusion.com/news/2004/0602stockdeal.html?nl
F5 buys Magnifire for $29 million, 06/01/04
F5 Networks has bought MagniFire Websystems, a New York-based maker of Web application firewall hardware, for $29 million in cash, F5 said Tuesday.
https://www.nwfusion.com/news/2004/0601f5buys.html?nl
Network Associates is granted broad anti-spam patent, 06/01/04
Network Associates Inc. (NAI) has been granted a broad U.S. patent for technology covering “various computer program products, systems and methods” for filtering unwanted e-mail messages, it said Tuesday.
https://www.nwfusion.com/news/2004/0601netwoassoc.html?nl
VC feeding frenzy over, Buck’s keeps cookin’, 05/31/04
The Hollywood set might like to do lunch at fancy restaurants in Beverly Hills but Silicon Valley venture capitalists prefer to seal multimillion-dollar deals over a breakfast burrito at Buck’s of …
https://www.nwfusion.com/news/2004/0531widernetbucks.html?nl
Equipe shuts down, 05/28/04
Equipe Communications, a start-up maker of multi-service core switches, shut down this week after a deal with Lucent fell through following Verizon’s selection of Tellabs as the supplier of next-gen switches …
https://www.nwfusion.com/edge/news/2004/0528equipe.html?nl
NEC unit pleads guilty to defrauding schools, 05/28/04
NEC-Business Network Solutions (NEC/BNS) has pleaded guilty to defrauding a U.S. government program for school Internet connections, settling criminal and civil cases against the company through a $ …
https://www.nwfusion.com/news/2004/0528nec.html?nl
Microsoft courts governments in strategy shift, 05/28/04
Having faced high-profile antitrust cases in both the U.S. and European Union (E.U.), Microsoft may not immediately spring to mind as governments’ favored friend. So it is perhaps not surprising that …
https://www.nwfusion.com/news/2004/0528microcourt.html?nl
Companies merge to offer optimized VoIP services, 05/27/04
Proficient Networks and IP Deliver last week announced they have merged and are now InfiniRoute Networks, ready to offer managed VoIP and IP routing …
https://www.nwfusion.com/newsletters/accel/2004/0524netop2.html?nl
Lindows can keep company name, judge rules, 05/27/04
In a case that could have forced Linux vendor Lindows to change its business name worldwide, a Netherlands court on Thursday ruled that Lindows’ current limited use of the Lindows name does not violate …
