Recent Articles
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SAP Hires Former Senior Oracle Executive
BOSTON, Nov 11 (Reuters) – Business software maker SAP AG (SAPG.DE: Quote, Profile, Research, Stock Buzz) has hired an executive who used to run one of archrival Oracle Corp’s (ORCL.O: Quote, Profile, Research, Stock Buzz) biggest development groups, putting him in charge of an emerging business at SAP. SAP, the world’s top maker of business…
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Cisco CEO Sees Home TelePresence in Around a Year
NEW YORK, Nov 11 (Reuters) – Cisco Systems Inc (CSCO) Chief Executive John Chambers said the company will launch a consumer version of its high-definition video conferencing system in around a year, showing he was upbeat about new products despite a weak economy. "What you’re going to see is, over the next 12 to 15…
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Microsoft, Sun Forge Search Alliance
SEATTLE (Reuters) – Microsoft Corp said on Monday that it reached a Web search deal with Sun Microsystems Inc, the latest partnership struck by Microsoft aimed at chipping away at the dominance of Google Inc. As part of this agreement, users of Microsoft’s Internet Explorer browser who download Sun’s Java technology platform will be…
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Notebook Shipments Drop Hit Dell, Lenovo Harder
Dell and Lenovo may be experiencing slowing notebook sales if recent supply chain checks are any indication. A report from FBR Research, based on its checks of the Taiwanese PC supply chain, showed that notebook shipments to Dell and Lenovo were lower than expected while Hewlett-Packard and Acer saw higher-than-expected notebook shipments. FBR Research says…
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Circuit City Files for Bankruptcy
NEW YORK (Reuters) – Circuit City Stores Inc, the No. 2 U.S. consumer electronics retailer, filed for bankruptcy protection on Monday just a few weeks before the start of the key holiday shopping season, becoming the largest retailer to file under Chapter 11 this year. Circuit City fell victim to tighter credit terms from vendors…
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Nortel Posts Huge Loss, Sets Further Cost Cuts
By Wojtek Dabrowski TORONTO (Reuters) – Nortel Networks Corp reported a $3.4 billion quarterly loss on Monday and announced a round of sweeping new cost cuts, including 1,300 layoffs, as a global economic downturn erodes its business and strains its balance sheet. The economic downturn also forced Nortel, North America’s biggest maker of telephone gear,…