Year: 2008

  • NYSE Suspends Trading of BearingPoint Stock

    Kathleen A. Martin

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    The New York Stock Exchange regulatory board is suspending from trading BearingPoint, one of the country’s largest technology integrators and solution providers, because its stock price is “abnormally low” and it has failed to maintain the minimum market capitalization. BearingPoint stock closed at 7 cents Friday, 64 percent lower than its Nov. 7 closing price.… Read more

  • Symantec CEO to Retire Insider Named as Successor

    Lawrence Walsh

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    John Thompson, Symantec’s chief executive officer for the last seven years, announced his plans to retire early next year. According to a press release issued by the company, Thompson will turn over the CEO post to Enrique Salem, the current chief operating officer, effective April 9, 2009. Thompson will retain his position as chairman of… Read more

  • Chipmaker Spansion Sues Samsung for Infringement

    Channel Insider Staff

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    WASHINGTON, Nov 17 (Reuters) – Flash memory maker Spansion (SPSN.O) has filed two lawsuits against Samsung Electronics (005930.KS), accusing the electronics manufacturer of infringing its patents, Spansion said on Monday. Spansion said it filed one lawsuit with the International Trade Commission and the second with the U.S. District Court in Delaware. A draft copy of… Read more

  • Merrill Lynch cuts Dell, Shares Fall

    Channel Insider Staff

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    NEW YORK, Nov 17 (Reuters) – Merrill Lynch downgraded Dell Inc (DELL.O), citing a deteriorating personal computer market and lack of short-term catalysts to revive growth and knocking its shares down 5 percent. The brokerage, which lowered its rating on Dell to "neutral" from "buy" on Monday, also slashed its forecasts for PC unit growth… Read more

  • DO NOT PUBLISH — BROKEN

    Jessica Davis

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    IT decision makers at U.S. corporations believe 2009 company performance will be better than 2008.   That’s according to new forecasting trend information gleaned from the most recent CDW IT Monitor poll of more than 1,000 IT decision makers.   Now a year into its CDW IT Monitor survey of IT decision maker sentiment, the… Read more

  • Cisco Chief Says No Layoffs Coming

    Channel Insider Staff

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    NEW YORK, Nov 13 (Reuters) – Cisco Systems Inc (CSCO.O: Quote, Profile, Research, Stock Buzz) Chief Executive John Chambers promised to pay shareholders a dividend before leaving the role, but did not say when either move would come. The world’s largest network equipment maker is known for its healthy cash position, and has held off… Read more