The chief executive of software integration firm webMethods said Wednesday the company will post a narrower loss than Wall Street's current estimates for its fiscal third quarter and that revenues would exceed the consensus expectation.
The chief executive of MRO Software signaled on Wednesday that the company would consider a hostile bid for rival Datastream Systems if its board refused to discuss MRO's buyout offer on friendly terms.
Networking stocks initially rose Wednesday thanks to positive comments made by Cisco Systems Chief Executive John Chambers before giving back most of their gains in late trading.
Shares of Oracle jumped more than 6 percent Wednesday, a day after the world's No. 2 software maker made upbeat comments about the business environment and rival German giant SAP AG raised its outlook for the quarter.
Microsoft on Wednesday asked the federal judge in its antitrust case to bar the public from attending a pre-hearing questioning of witnesses in the remainder of the landmark legal battle.
Lante, an e-services company based here, Wednesday said it has completed its acquisition of all major assets of Luminant Worldwide in a $5.2 million cash deal.
BEA Systems has inked a global alliance with Deloitte Consulting for e-business solutions based on the WebLogic platform, a move that company executives say will round out the company's partnering strategy with large systems integrators.
IBM has been known mainly for its large mainframe, server and personal computers, but with companies clamping down on technology budgets, IBM's growth may increasingly depend on the broad-reaching services it sells with those systems.
Optical networking provider Telseon this week introduced a technology which company executives said make it possible for SSPs to split a single high-speed Ethernet connection among multiple clients, thereby cutting the cost of connecting those clients to hosted data centers.
IBM on Tuesday provided concrete evidence that it will not let its bottom line be dragged down by PC production.
USinternetworking, one of the largest ASPs in the industry, filed for bankruptcy Monday but announced that a private investment firm had agreed to invest up to $106 million to help keep the hosting company afloat as it restructures.
Joe Forehand, chairman and CEO of consulting heavyweight Accenture, told analysts a focus on outsourcing bolstered revenue growth and resulted in a strong performance during the company's first full quarter as a public company.
Making good on pre-announcements made late last year, Accenture exceeded analyst expectations for the first quarter of 2002 this week, recording just under $3 billion in net revenue and $414 million in operating profit.
Oracle CFO Jeff Henley Tuesday said the world's No. 2 software maker was upbeat about 2002 and sticking by the guidance it issued in December.
Hewlett-Packard CEO Carly Fiorina defended her merger plan and claimed the mantle of HP's founders Tuesday in her first major public appearance since founding families united against the $24.4 billion deal to buy Compaq Computer.