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Vivato lays off workers, after funding win

Aug 13, 20032 mins

Latest financial news.

Vivato lays off workers, after funding win, 08/13/03

Vivato Networks, one of a pack of start-ups that are pioneering the idea of wireless LAN “switches,” has reportedly laid off 10% of its workforce.

PeopleSoft expands Oracle lawsuit, 08/13/03

Continuing its efforts to block Oracle’s hostile takeover bid, PeopleSoft has added more allegations to its lawsuit against the database software maker, PeopleSoft announced Tuesday.

AOL wants out of AOLTW name, 08/12/03

AOL Time Warner executives are reportedly contemplating dropping AOL from the company’s name in an effort to distance the …

Microsoft ordered to pay $521 million in patent dispute, 08/12/03

A jury in Chicago Monday ordered Microsoft to pay $521 million in damages to a technology company and the University of …

Fiorina: IT does matter, 08/12/03

The role of technology in the enterprise may be changing, but IT still very much matters, HP CEO Carly Fiorina said.

Q&A: Legato looks ahead to future with EMC, 08/11/03

When EMC last month agreed to acquire Legato Systems for $1.3 billion, it was hoping to get a bigger footprint in the storage software market. Legato’s established storage management and Networker backup and recovery software seemed like a good fit. Legato CTO George Symons spoke recently with Network World about how the merger plans are progressing, and how Symons sees the future of Legato, now that it will be operated as a software division of EMC.

Q&A: Visual CEO looks to brighter future, 08/11/03

Visual Networks, maker of packet-network performance-monitoring hardware and software, is slogging through tough times. The company sold only $9.7 million worth of equipment in the second quarter, down from $15.2 million in the same quarter last year. The company needs quarterly revenues of $11 million to become profitable, it said in a recent financial-disclosure statement to the Securities and Exchange Commission. If the company doesn’t take in that much, it might be forced to cut expenses even more than it already has. CEO Larry Barker says the solution is simple: Sell more Visual Uptime.