News


  • Despite Q2 Loss, Avnet Execs Say Recovery Is Coming

    The recession is not over just yet, but on Avnet's Q2 2002 earnings call today, Roy Vallee, chairman and chief executive at distributor Avnet Inc., said the technology marketplace may be in the early stages of a new up cycle. While the company reported a net loss of $2.6 million for the second quarter of its fiscal 2002, comparatively speaking, that's good news; the company reported a net loss of $19.2 million for the prior quarter of this fiscal year.

  • ATG Shares Soar as Company Reports Q4 Results

    Though still struggling with profitability, ATG has successfully re-ignited interest in the software company, which saw shares soar nearly 20 percent Thursday as the company released financial results for the fourth quarter and year end.

  • Portal Market Lifts Interwoven's 4Q Sales

    Interwoven said a strong portal market and strengthening confidence in the economy among enterprise customers helped drive sales of its content management technology in the fourth quarter and meet its earnings targets.

  • ATG's Sales Slip

    Art Technology Group Thursday reported a pro forma loss of $4.2 million on sales of $30.9 million for the fourth quarter of 2001, ended Dec. 31.

  • i2 Posts Operating Loss, Revenues Drop

    Business-to-business software maker i2 Technologies on Thursday posted an operating loss, compared with a profit last year, on revenues that fell sharply amid a weak economy.

  • Gateway To Cut 2,250 Jobs, Shut 19 Stores

    Personal computer maker Gateway Inc. announced Thursday that it was cutting about 2,250 jobs and closing 19 of its retail stores in a new reorganization.

  • SBC Posts Lower 4Q Profits

    SBC Communications Inc., the No. 2 U.S. local telephone company, Thursday posted lower fourth-quarter profits due to the weak economy and cautious spending by customers, and said it expects its 2002 revenues to grow only 1 percent to 3 percent.

  • E.Piphany Loses $8.9M In 4Q

    E.Piphany lost $8.9 million, or 13 cents per share, on revenue of $28 million for its fourth quarter ended Dec. 31. That compares with a loss of $5.2 million, or 8 cents per share, for the year-ago quarter. Some analysts had expected a loss of up to 17 cents per share.

  • PeopleSoft 4Q Profit Rises

    PeopleSoft Inc. Thursday said its fourth-quarter profit was up more than Wall Street had expected, as sales of its revamped business automation software bucked a challenging technology spending environment.

  • PeopleSoft Q4 Profit Rises

    PeopleSoft on Thursday said its fourth-quarter profit was up more than Wall Street had expected, as sales of its revamped business automation software bucked a challenging technology spending environment.

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