News


  • Sprint Reports A 3Q Loss

    Sprint Corp. swung Thursday to a loss in the third quarter, due to a charge, and also reported a drop in net operating revenues.

  • Xerox Reports Higher Profits

    Xerox Corp. reported Thursday an 18 percent jump in net income in the third quarter, due to cost cutting and increased sales in high-end and office color printers.

  • Senate Votes For Tough Limits On Spam

    The Senate has voted to impose tough new limits against sending unwanted commercial e-mails, but supporters warned computer users not to expect any immediate end to offers for prescription drugs, cheap loans, herbal remedies and pornography.

  • 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.