Business software maker SPSS sets date for shareholder vote on sale to IBMAugust 28th, 2009 SPSS sets date for vote on sale to IBMCHICAGO — Business software provider SPSS Inc. said Friday it will hold a special meeting of shareholders Oct.
IBM to acquire analytics software maker SPSS in all-cash deal worth $1.2BJuly 28th, 2009 IBM to acquire SPSS for $1.2BARMONK, N.Y. — IBM Corp.
HCL Tech net profit up 49.1 percentJanuary 22nd, 2009 NEW DELHI - Software and outsourcing major HCL Technologies Friday reported 49.1 percent growth in its net profit for the quarter ended Dec 31 at Rs.3.98 billion (Rs.398 crore/$80.7 million) as against Rs.2.67 billion a year ago. The company's net profit for the half-year period ended Dec 31 was up 22.7 percent at RS.65.18 billion as against Rs.53.11 billion in the corresponding period last year.
Police to probe Satyam fraudJanuary 6th, 2009 HYDERABAD/NEW DELHI - The Andhra Pradesh government Wednesday ordered a preliminary inquiry by the crime branch of the police into a financial fraud by IT major Satyam Computers. Chief Minister Y.S.
Microsoft CEO Steve Ballmer gets base salary bump in 2009 even as profit sinks 17 percentSeptember 18th, 2009 Microsoft CEO Ballmer's salary up 4 percent in '09SEATTLE — Microsoft Corp. raised CEO Steve Ballmer's salary by 4 percent at the start of fiscal 2009, a year in which the software maker's profit declined 17 percent as the economic meltdown decimated personal computer sales.
Sun Microsystems stockholders approve $7.4B takeover by OracleJuly 16th, 2009 Sun shareholders approve $7.4B Oracle dealSAN FRANCISCO — Sun Microsystems Inc.'s shareholders have approved the $7.4 billion sale of the struggling company to business software maker Oracle Corp. About 62 percent of Sun's shares were cast in favor of the deal at a special meeting Thursday.
Suzlon reports net loss in third quarterJanuary 29th, 2009 NEW DELHI - India’s first home-grown wind technology company Suzlon Energy Friday reported a net loss of Rs.3.9 billion for the quarter ended Dec 31 as compared to net profit of Rs.3.38 billion in the corresponding period last fiscal. The company's total income, too, decreased to Rs.15.47 billion for the third quarter from Rs.16.83 billion last year, a company statement said.
Microsoft CEO Ballmer receives compensation package worth $1.28M in 2009, a 6 percent cutSeptember 30th, 2009 Microsoft CEO's compensation down 6 percent in '09SEATTLE — The value of the compensation package granted to Microsoft Corp. CEO Steve Ballmer fell about 6 percent in fiscal 2009, a year in which weak computer sales cut into the software maker's profits.
Sun absorbs $147M loss in sign of choppy finances that forced sale to OracleAugust 29th, 2009 Sun absorbs $147M loss as Oracle deal loomsSAN FRANCISCO — Sun Microsystems Inc. recorded a $147 million loss while sales eroded 31 percent in the April-June period, likely the server and software maker's last full quarter as an independent company.
Polaris Software net profit rises 94 percentJanuary 19th, 2009 CHENNAI - The net profits of Polaris Software rose 94 percent to Rs.371 million for the quarter ended December compared to Rs.191 million in the corresponding period last fiscal. The revenue of the company grew by 32 percent to Rs.3.72 billion during the third quarter as against Rs.2.82 billion in the corresponding period last year.
Sun posts $147M loss for the April-June quarter as Oracle takeover loomsAugust 29th, 2009 Sun posts $147M loss as Oracle deal loomsSAN FRANCISCO — Server and software maker Sun Microsystems says it lost $147 million in the April-June period as sales dropped 31 percent. The numbers reflect what might be Sun's last full quarter as an independent company.
IBM's $1.2B acquisition of SPSS shows importance of software in IBM transformationJuly 28th, 2009 IBM scoops up software maker SPSS in $1.2B dealSAN FRANCISCO — IBM Corp. is bulking up its most profitable division with a $1.2 billion acquisition of business software provider SPSS Inc., a deal that also reflects the power of wealthy technology companies to throw their money around despite the recession.
EBay wins approval for acquisition of South Korea's online marketplace GmarketApril 23rd, 2009 EBay wins approval for South Korean acquisitionSEOUL, South Korea — Ebay Inc. has won regulatory approval to acquire online marketplace Gmarket, South Korea's antitrust watchdog said Thursday.
YSR wants institutional investors to take over Satyam managementJanuary 10th, 2009 HYDERABAD - Andhra Pradesh Chief Minister Y.S. Rajasekhara Reddy Sunday said the institutions and companies having stake in Satyam Computer Services could be named to the company's board to take over the management of the crisis-ridden IT firm.
Sun warns of earnings below expectations in fourth quarterJuly 15th, 2009 SAN FRANCISCO - Sun Microsystems has warned that earnings would fall below expectations in the fourth quarter, which is also likely to be its last as an independent company. A Silicon Valley pioneer whose servers helped form the basis of the Internet and still power many large enterprises, Sun is close to completing a $7.38 billion sale to Oracle Corp after a series of huge losses pushed down its share price.