Archive

Boston Scientific today announced financial results showing net sales roared up 71 percent to $1.46 billion in the second quarter over the same time last year, and net income skyrocketed by 200 percent, to $377 million. "We experienced impressive growth across all our businesses and regions, and we ...

MessageLabs, Sophos and Keynote Systems have released alerts about the new W32.MyDoom.O worm variant that has been circulating the Internet today and causing traffic slowdowns. This latest variant in the MyDoom virus family was first identified by MessageLabs at 4:40 ET July 26th 2004. "Sadly, peopl...

Investors who want to own a piece of Google likely will have to dig deep into their pockets considering the share-price range of US$108 to $135 the company set today for its upcoming initial public offering. At the expected prices and with some 24.6 million shares up for grabs, the offering would be...

Today's corporations -- both large and midsize -- increasingly are turning over the operation and support of network- and Web-based applications to managed-hosting companies. These businesses specialize, either solely or through divisions, on providing high levels of uptime, protecting their clients...

Microsoft became the latest company to be hurt by high expectations as the software goliath posted an 81 percent increase in net profit and a15 percent sales growth, but fell short of forecast targets and took it on the chin on Wall Street as a result. In a report rife with recurring themes from thi...

If you use the latest antivirus packages and run a firewall, you don't have to worry about spyware intrusion, right? Wrong, say leading security experts. It is just this type of thinking that is allowing spyware intrusions to overtake computers in both the home and the workplace. Spyware is quickly ...

After a $60 billion rip-off, the disgraced energy giant Enron sheds its old image of EnWRONG to Prisma. After paying $665 million in legal fees, the company is restructured under the name identity of Prisma while some of its executives walk to prison. Prisma is on a short leash, with a staff of 5,00...

Internet retailer Amazon.com today announced financial results for its second quarter, showing net sales up 26 percent and operating income more than doubling over the same quarter last year -- but the figures were below Wall Street's expectations. At the same time, the Seattle-based company project...

Dampening the enthusiasm sparked by its successful initial public offering, hosted software pioneer Salesforce.com has issued a growth forecast that falls short of analysts' expectations. On Wednesday, Salesforce held its first-ever analysts' meeting since going public and, while many of the present...

When a privately held company goes public, it is invariably worth more. Specifically, how does this "alchemy" work? Isn't it like turning lead into gold? Yes, but once the process is dissected, it's far easier to understand. One must understand how market value is set for a closely held, private com...

Microsoft pulled the wraps of its plans to return as much as US$75 billion worth of cash reserves it has amassed to shareholders, possibly signaling the software giant won't pursue any major acquisitions in the near future. Microsoft said its board of directors has approved a plan to provide a one-t...

DreamWorks today filed a registration statement with the Securities and Exchange Commission announcing it intends to make an initial public offering of shares in, and split off, its animation unit, DreamWorks Animation. The studio, formed in October 1994 by Steven Spielberg, Jeffrey Katzenberg and D...

The online finance industry needs a makeover. Like any product or service presented to consumers, it's all about image. A new report by Javelin Strategy and Research shows that the online finance industry is suffering from an image problem. According to the latest Javelin Online Finance Update, cons...

Sun Microsystems reported results today for its fiscal fourth quarter and full fiscal year, which ended June 30, 2004. Revenues for the fourth quarter grew to US$3.110 billion, an increase of 4.3 percent as compared with $2.982 billion for the fourth quarter of fiscal 2003. "Delivering growth and pr...

Federal Reserve Chairman Alan Greenspan said the U.S. economy is poised to continue expanding, and suggested that the sudden drop in consumer spending related to inflation will recede over time. In closely watched testimony to the Senate Banking Committee, Greenspan said sharp price increases that m...