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George Samenuk, chairman and CEO of Network Associates, sent an e-mail to all company staff reassuring them that rumors of a Microsoft takeover are not true. "Many of you have seen the article in Computer Reseller News (CRN) which says that Network Associates is being acquired by Microsoft," said the e-mail from Samenuk that is now making the roun...
Cisco Systems is to acquire the assets of Procket Networks in a cash deal valued at US$89 million. Procket Networks was a start-up that raised US$272 million in venture capital thanks to its development of routers it claimed could offer 30 percent to 65 percent savings over more traditional ones Cisco Systems said that it was not purchasing the ent...
Oil prices headed higher again Thursday after more violence broke out in Iraq. U.S. stocks remained in a muddle as business forecasts and inflation concerns converged Crude oil futures sold on the New York Mercantile Exchange spiked more than a dollar to US$38.46 after news hit of a bombing attack in downtown Baghdad, ending a two-week period of ea...
Federal Reserve Chairman Alan Greenspan calmed nerves frayed by inflation and rate-hike worries Tuesday by saying that inflation is "not likely to be a serious concern" in the near future Speaking to a congressional committee holding a hearing on his nomination to a fifth term, Greenspan said huge spikes in oil costs have not impeded the growth of ...
Broadcom announced today that it has settled all outstanding patent and antitrust litigation with Microtune. Under the settlement agreement, all outstanding claims in pending litigation between the parties will be dismissed with prejudice. The parties also entered into reciprocal releases covering all asserted and unasserted claims Additionally, Br...
Halliburton of Texas said Friday the U.S. Securities and Exchange Commission has begun a formal investigation into a venture in Nigeria Halliburton said the SEC is investigating payments made in connection with TSKJ's construction of a liquefied natural gas facility in Nigeria....
Oil prices defied numerous predictions by rising slightly Thursday, as disruptions in Iraq and fears that other Middle East countries would be hit by terrorists countered OPEC's decision to boost production. Meanwhile, an OPEC minister said other unpredictable forces, such as a workers' strike in Nigeria, the first-largest source of oil imported t...
The SCO Group, owner of the Unix operating system and a provider of Unix-based technologies, today reported revenue of US$10.1 million for the quarter that ended April 30, 2004. While current-quarter revenue is down from revenue of $21.4 million from the comparable period of the prior year, the loss is primarily the result of a lack of SCOsource licensing revenue, according to a company statement to the press today...
National Semiconductor today reported a GAAP profit of US$126.4 million, or 32 cents per share, on revenues of $571.2 million for the fourth quarter of fiscal 2004, which ended May 30th, 2004. National Semiconductor's fourth-quarter sales were 34 percent higher than the fourth quarter of fiscal 2003, according to the company, and 11 percent higher...
Finnish cell phone manufacturer Nokia said Tuesday its global market share declined in the first quarter due to bad design and shaky business relationships Nokia's global market share fell to 28.9 percent in the first three months of the year, compared to 34.6 percent it held a year ago, reported Gartner, a technology analysis group based in London...
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