• Compaq Expects Upbeat News For 1Q

    In contrast to the gloomy picture painted about this fiscal quarter by IBM and other IT vendors, and despite concerns of a lack of focus as the close of the merger with Hewlett-Packard drags on, Compaq Computer executives are upbeat about its first fiscal quarter, which closed on March 31.

  • Apple Drives DVD Burning Market

    Apple said on Monday that it has shipped more than 2 million DVD-R discs and nearly 500,000 Macintosh systems equipped with its SuperDrive CD/DVD burner since the drive's introduction in January 2001.

  • Andersen To Cut 7,000 Jobs In U.S.

    Arthur Andersen said on Monday it would cut 7,000 jobs, or just over a quarter of its U.S. staff, as the embattled auditor begins to crumble under the weight of problems caused by its role in the Enron scandal.

  • Enterasys To Cut 30 Percent Of Staff

    Enterasys Networks Monday said it plans to cut 30 percent of its staff to align its cost structure with its revenue base after warning of a significant revenue drop in its first quarter. The reductions will leave the company with about 1,700 employees.

  • Compaq Says Keeps Market Share In Wake of HP Merger

    Compaq Computer said on Monday it has retained its market share, despite claims from competitors that the extended takeover talks with Hewlett-Packard had confused its customers and encouraged defections to rival computer makers.

  • SAS Joins XML For Analysis Effort

    SAS Institute, the analytics giant, has joined Microsoft and Hyperion Solutions as co-chairs of the XML for Analysis Council, the companies said Monday.

  • IBM Warns of Sharp Downturn in Q1 Revenues, EPS

    IBM on Monday stunned Wall Street by warning of a massive first-quarter revenue and earnings shortfall, which it blamed on technology spending cutbacks by corporate customers, causing a sharp drop in its stock.

  • IBM Warns Of 1Q Shortfall

    IBM said Monday it will not meet Wall Street's expectations for its first-quarter earnings, saying a continued tough marketplace and a big loss in its Technology Group will weigh down its financial results.