News


  • PeopleSoft's 3Q Revenue Jumps 33 Percent

    Business applications vendor PeopleSoft reported that third-quarter revenue rose 33 percent to $625.1 million, up from $471.2 million the same time a year ago. President and CEO Craig Conway says the record revenue is a first look at benefits derived from the company's $1.8 billion acquisition of J.D. Edwards & Co.

  • SafeNet And Rainbow Plan Merger

    SafeNet, a security company with chip, board and software products for encryption and VPNs, said Thursday it will merge with Rainbow Technologies.

  • Symantec Reports Record-Setting Earnings

    Symantec continued its strong run in the security sector this week by reporting yet another quarter of record-setting earnings numbers, thanks largely to being the vendor of choice for computer users engaged in the ongoing fight against worms and viruses.

  • Lucent Posts First Quarterly Profit Since 2000

    Telecommunications gear maker Lucent Technologies has turned a quarterly profit for the first time in more than three years, rebounding from a 13-quarter streak of often multibillion-dollar losses with a $99 million profit.

  • Arrow Meets 3Q Expectations

    Arrow Electronics reported a loss of $6.2 million, or 6 cents per share, in the third quarter ended Sept. 30, vs. a loss of $11.1 million, or 11 cents pers share, for the same period last year.

  • Citrix Posts $31 Million Profit For 3Q

    Citrix reported a $31 million profit on revenues of $144 million in for its third fiscal quarter that ended Sept. 30, almost doubling its earnings from the comparable quarter a year ago.

  • IBM, Cisco Team Up On Storage

    Cisco Systems and IBM are collaborating to develop a storage area networking (SAN) solution they believe will raise the management of networked data to a new higher level. The endeavor centers on IBM's TotalStorage SAN Volume Controller and Cisco's MDS 9000, the companies said Wednesday.

  • Test Center: Outlook 2003 Deserves A Look

    Microsoft's Outlook 2003, which was released to consumers this week as part of Office Systems 2003, proves to be a lot more than a simple makeover for what has become an industry standard.