The Week Ending Oct. 6
Topping this week's roundup of those having a rough week is Verizon, which disclosed this week that a 2013 security breach at Yahoo – which Verizon bought earlier this year for $4.48 billion – impacted 3 billion user accounts, not 1 billion as thought earlier.
Also making the list this week are Sirius Computer Solutions, whose credit rating was cut this week because of the debt it is amassing to acquire Forsythe Technology; Lenovo, which faces dissension from its partners over channel program changes that will diminish their profit margins; Brocade partners, for whom the resolution of the Broadcom acquisition couldn't come soon enough; and Amazon, which was ordered by the European Commission this week to pay $295 million in taxes.
Not everyone in the IT industry was having a rough go of it this week. For a rundown of companies that made smart decisions, executed savvy strategic moves – or just had good luck – check out this week's Five Companies That Came To Win roundup.