Chip testing software maker Synopsys posts 3Q results that beat Street, but 4Q outlook is softAugust 20th, 2009 Synopsys posts better-than-expected 3Q resultsMOUNTAIN VIEW, Calif. — Synopsys Inc., which makes software to develop and test chips, said Wednesday its fiscal third-quarter profit declined 18 percent from a year-ago period helped by an income tax gain, but the results still beat Wall Street expectations.
IBM boosts dividend 10 pct, adds $3B for stock buybackApril 28th, 2009 IBM boosts dividend 10 pct, adds $3B for buybackMIAMI BEACH, Fla. — IBM Corp.
Satyam scrip pounded once againJanuary 4th, 2009 MUMBAI - The pounding of Satyam Computers scrip continued Monday with the stock losing 6 percent in the day's trade amid concerns that the recent Maytas deal fiasco could hit the company's new business prospects. At closing bell, the scrip price had crashed Rs.10.65 or 6 percent to end the day's trade at Rs.166.90 with over 11 million shares changing hands.
Satyam board meets to assess biddersMarch 20th, 2009 HYDERABAD - The Satyam board met on Friday to assess the proposals of the bidders for acquiring up to 51% stake in the embattled IT company, and discuss several other issues. The Government-appointed company board has received several expressions of interest, including those from engineering major Larsen and Toubro, B K Modi-led Spice Group, software firm Tech Mahindra and iGate, a company official said after the meeting.
Three shortlisted for Satyam CEO, CFOJanuary 22nd, 2009 HYDERABAD - Three names have been shortlisted for the posts of chief executive officer and chief financial officer in fraud-hit Satyam Computer Services, the new board announced Friday. The selections will be taken next week.
Comcast reports 53 percent jump in 2Q profit on higher revenue, but subscriber growth slowsAugust 6th, 2009 Comcast's 2Q profit soars 53 pct, tops estimatesPHILADELPHIA — Comcast Corp., the nation's biggest cable TV systems operator, posted a 53 percent increase in second-quarter profit on Thursday, helped by higher prices and increased customer spending on video and Internet services. But subscriber growth markedly slowed as the recession's grip remained tight.
Satyam founder quits after admitting Rs.40 bn fraudJanuary 6th, 2009 HYDERABAD - Satyam Computer Services founder chairman B. Ramalinga Raju resigned from the IT major's board after admitting a fraud to the tune of Rs.40 billion ($823 million) in the balance sheet of the company.
Satyam stock tumbles as chairman Raju resigns after admitting huge fraudJanuary 6th, 2009 HYDERABAD - Shares of Satyam Computer Wednesday crashed by over 72 percent to Rs.50 from a opening of Rs.179.10 on the bourses around 1 p.m., following the resignation of its founder-chairman B. Ramalinga Raju after he admitted to a Rs.40 billion (Rs.4,000 crore or $823 million) fraud - the largest in India Inc.
Satyam chairman Ramalinga Raju, MD Rama Raju quitJanuary 6th, 2009 BANGALORE - Satyam Computer Services Ltd founder chairman B Ramalinga Raju and managing director B Rama Raju resigned from the board Wednesday, the company announced. In a notification to the stock exchanges, the Hyderabad-based IT firm said Ramalinga Raju and Rama Raju have tendered the resignations earlier in the day and the regulator (SEBI) has been informed.
NY judge sentences former Monster president to 2 years in prison for stock option fraudSeptember 2nd, 2009 NY judge gives ex-Monster exec 2 years in prisonNEW YORK — The former president and chief operating officer of the online job services company Monster Worldwide has been sentenced in New York to two years in prison for stock options fraud. A Manhattan federal judge on Wednesday also ordered James Treacy to forfeit $6.3 million and pay restitution of $6.3 million to the victims.
Sina 2nd-quarter profit falls 41 percent, adjusted earnings meet analyst viewsSeptember 1st, 2009 Sina 2Q profit drops 41 percentSAN FRANCISCO — Sina Corp., operator of a leading Chinese Internet portal, said Monday that its second-quarter profit fell 41 percent. When excluding items, the Shanghai-based company met analyst expectations.
Nuance Communications acquires eCopy for $54 million in common stockOctober 5th, 2009 Nuance buys eCopy for $54M in stockBURLINGTON, Mass. — Speech and imaging software maker Nuance Communications Inc.
Satyam Board Meets, Decision Under WrapsFebruary 26th, 2009 HYDERABAD - The government-appointed directors of Satyam Computers met here Thursday but did not issue a statement on their discussions and decisions, a practice they had followed after their last seven meetings in as many weeks. 'The board meeting has ended.
IAC reports 2nd-qtr profit below analyst estimates, hurt by weak ad salesJuly 29th, 2009 Profit below estimates in 2Q for Diller's IACSAN FRANCISCO — IAC/InterActiveCorp, the company behind such Internet properties as Match.com, Ask and Citysearch, posted a second-quarter profit that fell short of analyst expectations Wednesday and indicated the online ad market is still weak. IAC, which is led by media mogul Barry Diller, said it earned $40.8 million, or 28 cents per share in the quarter that ended June 30.
Compuware CEO Karmanos sees compensation dip 29 percent in 2009 to $4.2 million: AP tallyJune 5th, 2009 AP: Compuware CEO Karmanos compensation dips
NEW YORK — Mainframe software maker Compuware Corp.'s chief executive, Peter Karmanos Jr., was awarded compensation for fiscal 2009 valued at $4.2 million, down 29 percent from a year earlier, according to an Association Press calculation. Karmanos, 66, received a salary of $1.2 million, up from $1.05 million a year earlier.
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