Microsoft vows greater financial transparency with new reporting format
Microsoft has said a new way of reporting its financial results will be better aligned with its corporate reorganization and offer more insight into its business.
Microsoft has said a new way of reporting its financial results will be better aligned with its corporate reorganization and offer more insight into its business.
A week after Steve Ballmer said he plans to step down as CEO of Microsoft, ValueAct Capital, one of its biggest investors, has secured the right to appoint its president to Microsoft's board.
An accumulation of perceived missteps under Steve Ballmer's leadership may have hit a tipping point this year, leading to Friday's groundshaking announcement that Bill Gates' former right hand and heir, as well as Microsoft's fiercest cheerleader, will step down as CEO within the next 12 months.
Cisco Systems may be "rebalancing" its business by eliminating 4000 jobs, or about 5 per cent of its workforce, but it'll keep its hands off its hot new security acquisition, Sourcefire.
Cisco Systems has announced it will eliminate about 4000 jobs, saying it needs to pare down middle management to speed up decision-making and execution.
Cisco today said it would slice 4,000 jobs – or 5% of its workforce in a global restricting
effort. Shares of the network equipment giant fell nearly 10% after-trading hours.
Cisco Systems revenue and profit increased in the company's fourth quarter compared to a year earlier as the company continued its push to transcend its networking roots and become the world's top IT company.
Three top executives of struggling Zynga will move out of the company, as the games developer aims to flatten its management structure.
As BlackBerry's board of directors formally begin exploring "strategic alternatives," they'll find their options limited, according to two IT sector analysts. All the likely alternatives call for a much diminished company, or
broken up into some software assets and a brand value that's declining every
day.
Nokia finished its buyout of Nokia Siemens Networks on Wednesday and renamed the company Nokia Solutions and Networks, or NSN.
With a shareholder vote scheduled for July 18, the battle over Dell's US$24.4 billion plan to go private intensified Friday as investor Carl Icahn and his affiliates issued an enhanced offer for the company.
In a sweeping corporate reorganization to focus on the company's
shift from a software provider to a products and services business, Microsoft
CEO Steve Ballmer has announced changes to his executive team to support a new
structure that divides the company into four divisions.
Alcatel-Lucent will refocus on IP networking and ultra-broadband access in mobile and fixed-line networks as it seeks to return to profitability by 2015.
A Dell special committee has rejected a new proposal from a key shareholder Carl C. Icahn, and said it will continue to support the proposal by founder Michael Dell and private-equity firm Silver Lake Partners to take the company private.
As the time for a shareholder vote draws near, the Dell special committee weighing competing bids for the company said Wednesday that a plan from investor Carl Icahn and Southeastern Asset Management comes up short by billions of dollars.