• DiamondCluster Revenue Dives In Q3

    While solution provider DiamondCluster International reported revenues for its third fiscal quarter that were less than half what it brought in last year, the company said it has seen the bottom of the downturn and expects things to improve this quarter.

  • Kumar: Enterprises Shifting Toward Linux

    Computer Associates president and CEO Sanjay Kumar said during his LinuxWorld keynote address Thursday that he's seen a dramatic shift in the number of enterprise customers considering and using Linux in their businesses.

  • Experts Predict Linux Consolidation

    While AOL denied a published report about it buying Linux company Red Hat, many industry observers,including Computer Associates International's CEO,predict significant consolidation in the Linux industry this year.

  • McLeodUSA Files For Bankruptcy Backed By Forstmann

    Local telephone company McLeodUSA said Thursday it filed for bankruptcy -- the latest in a rash of bankruptcies in the battered telecommunications industry -- with a reorganization plan that will erase about $3 billion in debt.

  • Pioneer-Standard Beats 3Q Expectations

    Pioneer-Standard Electronics reported net income of $2.2 million, or 8 cents per share, for the fiscal third quarter ended Dec. 31, 2001, compared with net income of $13 million, or 40 cents per diluted share, reported for the third quarter last year.

  • Compaq Paid Capellas $1.6 Million Salary

    Compaq Computer's chief executive, Michael Capellas, got a raise to $1.6 million in salary in 2001, and Compaq forgave $2.1 million in loan payments he owed, the company said in its annual filing.

  • SonicWall Zeros In On SMBs, Enterprise

    SonicWall is embarking on a two-pronged channel strategy for 2002 that it hopes will make it a major supplier of security solutions for the SMB market and allow it to expand its presence in the enterprise.

  • Compaq CEO Sees Merger On Track With Regulators

    Compaq CEO Michael Capellas said Wednesday his company and Hewlett-Packard Co. were determined to hold shareholder votes in March on their $22.3 billion merger, and said regulatory approval was on track for that to happen.