corporate issues - News, Features, and Slideshows

News

• Gartner: Enterprise IT spending to hit $2.5 trillion in 2011

  Worldwide enterprise IT spending will rise from $2.38 trillion this year to $2.46 trillion in 2011, a 3.1 per cent increase, the research firm Gartner said Monday.

• EMC stock rises on Oracle buyout rumor

  Speculation that <a href="http://www.networkworld.com/news/2010/100510-oracle-to-buy-sso-vendor.html?source=nww_rss">Oracle might buy EMC</a> pushed EMC's <a href="http://www.networkworld.com/news/2010/101310-emc-tackles-big-data-with.html">stock price</a> up about 5% on Thursday, even as several analysts called such an acquisition unlikely.

• Canning Steve Ballmer no Microsoft cure-all

  Steve Ballmer has been CEO of Microsoft for more than a decade, and it seems he's spent much of that time fighting off speculation that Microsoft should fire him.  

• Week in Facebook news: New privacy tools, unfriending study and making spammer pay up

  As if the opening of <a href="http://www.networkworld.com/news/2010/092410-facebook-movie-a-hit-critics.html?pid=162">The Social Network movie</a>  to start the month didn’t give people enough to talk about regarding Facebook, the company this past week hasn’t been able to stay out of the headlines through actions of its own and others.

• Top reason for Facebook unfriending: Too many useless posts

  The No. 1 reason why friends dump friends on Facebook is when they get fed up seeing too many useless posts, according to new research out of the University of Colorado Denver Business School.

• Microsoft chief’s pay climbs 6% to $1.35 million

  Microsoft CEO Steve Ballmer received compensation in fiscal 2010 valued at $1.35 million, according to documents filed Thursday with the U.S. Securities and Exchange Commission. His total package is up six per cent from 2009, when he received compensation valued at $1.28 million.

• OpenOffice.org breaks away from Oracle with new foundation

  Most of the volunteers and vendors behind OpenOffice.org have decided to create a new foundation that will be independent from Oracle and speed up improvements to the code in the open source alternative to Microsoft Office.

• Snort rival launches threat-detection start-up

  Emerging Threats Pro debuted Monday with a rival intrusion detection and prevention signature technology to vendor Sourcefire, which shepherds open source Snort and its threat-detection signature base.

• HP completes $US2.35 billion 3Par merger

  HP has completed its $2.35 billion merger with 3Par, just weeks after thwarting rival Dell in a bidding war for the storage vendor, HP announced Monday. 

• New Verizon COO oversaw three years of surging wireless growth

  Newly promoted Verizon COO Lowell McAdam had a short but productive tenure as head of Verizon's wireless business, which has added 25.5 million subscribers since 2007. Looking forward, Verizon is grooming McAdam to eventually take over as CEO when current Verizon CEO Ivan Seidenberg retires from the company.

• Brocade's performance uneven of late

  Brocade's announcement of 100G Ethernet routers and modules comes at a time when the company has had uneven results in Ethernet and IP since acquiring Foundry Networks in 2008 for $2.6 billion.

• Cisco to pay its first dividend

  Cisco plans to pay a dividend to shareholders for the first time in its history.

• Cisco CEO Chambers’ pay climbs 33% to $18.9 million

  Cisco CEO John Chambers received compensation valued at $18.9 million in fiscal 2010, according to documents filed Friday with the U.S. Securities and Exchange Commission. His total package is up 33% from 2009, when he received compensation valued at $14.2 million.

• In acquiring ArcSight, HP signals intent to be security leader

  HP says its planned $1.5 billion buyout of ArcSight announced Monday is intended to propel HP into the heart of enterprise security -- a move that both surprised and impressed industry watchers.

• 10G Ethernet vendor Myricom taps new CEO, expands beyond HPC

  Myricom, a pioneer in high performance computing that has shifted its focus to more mainstream networking applications in recent years, has named co-founder Nan Boden as its new president and CEO.