Compaq Computer announced yesterday that Michael Capellas, its president and CEO, is taking the additional position of chairman - a job he takes over from Benjamin Rosen, who had headed the company's board of directors since 1983.
Sun Microsystems Inc. Tuesday said it has agreed to acquire Cobalt Networks Inc., a small and still-unprofitable maker of Linux-based server appliances, in a stock-swap deal valued at US$2 billion based on the current price of Sun's shares. The purchase is due to be completed by year's end, according to Sun.
Novell Inc. Wednesday announced that 900 of its 5,500 employees are being laid off, a cost-cutting move that chops the struggling software vendor's workforce by 16 percent.
Invensys PLC Wednesday announced that it's continuing with a planned acquisition of financially strapped Baan Co., despite once again not getting the amount of Baan shares that it had set as a condition for going through with the US$709 million deal.
The U.S. Federal Trade Commission (FTC) Tuesday announced that it's sending e-mail messages to "scores" of Web sites aimed at children warning them that they have to comply with the Children's Online Privacy Protection Act (COPPA), a new law that went into effect in April.
Kevin McKay, who resigned as CEO of SAP AG's U.S. subsidiary three month ago, surfaced Monday in a finance job at Mercator Software Inc. in Wilton, Conn.
WorldCom Inc. and Sprint Corp. Thursday made it official: The two companies announced that they're dropping their proposed US$129 billion merger because of opposition from the U.S. Department of Justice and European regulatory officials.
J.D. Edwards & Co. yesterday said it expects to report an operating loss of up to $25 million for its second fiscal quarter ended April 30, due mainly to lower-than-expected profit margins on sales of its business applications.
In a move that stunned software industry analysts and caused a sharp drop in the company's stock price, business applications vendor JD Edwards has announced that co-founder C Edward McVaney, who gave up the CEO's position 18 months ago, is back in the top job.
Jo-Ann Stores Inc., a $1.4 billion chain of fabric and craft stores, has started running its back-office operations on a retail version of SAP R/3 - making it just the sixth U.S. user to go live with the software.
The Supply Chain Council, a nonprofit trade organization, was formed by representatives of Advanced Manufacturing Research, Bayer AG, Compaq Computer Corp., Pittiglio Rabin Todd & McGrath, Procter & Gamble Co., Lockheed Martin Corp., Nortel Networks Corp., Rockwell International Corp. and Texas Instruments Inc.
Installing supply-chain management software can be a big challenge. But for many users, it's turning out to be just the tip of the iceberg of what they have to do to upgrade their supply-chain operations.
Jo-Ann Stores Inc., a $1.4 billion chain of fabric and craft stores, has started running its back-office operations on a retail version of SAP America Inc.'s R/3 system - making it just the sixth U.S. user to go live with the software.
Three years after the Supply Chain Council was formed by a group of users, consulting firms and technology vendors, the jury is still out as to whether a set of supply-chain benchmarking and modeling guidelines developed by the group will gain widespread acceptance.
Eighteen months ago, J. D. Edwards & Co. co-founder C. Edward McVaney gave up the CEO job that he had held since the Denver-based business applications vendor was founded in 1977. Yesterday, he took it back.