Stories by Ken Mingis

Gates to scale back Microsoft role in 2008

Microsoft Chairman and Chief Software Architect Bill Gates plans to move away from overseeing his company's day-to-day operations in July 2008 to spend more time working with his foundation.

Kumar pleads guilty in CA fraud case

Sanjay Kumar, the former CEO of Computer Associates International, pleaded guilty to financial fraud charges Monday when he appeared in federal court in Brooklyn, N.Y., according to a spokesman for the U.S. attorney handling the case.

Apple recalls 15-inch PowerBook batteries

Apple Computer has issued a recall for about 28,000 PowerBook batteries sold between January and August for use with its 15-in. PowerBook G4 computers. The batteries, which were made by LG Chem in South Korea, could overheat and pose a fire hazard.

Dell posts higher Q2 earnings

Dell Thursday posted second-quarter revenue of US$11.7 billion, 20 percent higher than in the same quarter a year ago. The company, which reported its earnings after the close of financial markets in the U.S., cited increased global demand for its PCs and servers.

Oracle posts higher Q4 revenue

Oracle Tuesday that its fourth-quarter net income rose 15 percent to US$990 million, compared with $858 million during the same quarter a year earlier.

PeopleSoft to Oracle: No deal

PeopleSoft Inc.'s board of directors Thursday unanimously rejected a US$5.1 billion offer by Oracle Corp. to buy the company and urged shareholders not to accept the unsolicited buyout bid.

Network Associates to restate results for three years

Citing information uncovered through federal investigations into its accounting practices, Network Associates Inc. said Wednesday that it is restating financial results for fiscal years 1998, 1999 and 2000. The antivirus software vendor also said it would delay filing its 2002 Form 10-K, which is due March 31, so it can restate those results for prior years.

MS/DOJ: MS witness admits ties to software giant

IBM today reported "disappointing" earnings for the first quarter of its fiscal year, saying they fell by 31 percent compared with the same period a year ago. The company reported diluted earnings of 68 cents per share, compared with the 98 cents per share it reported in the first quarter of 2001.

IBM, Apple report quarterly earnings

IBM today reported "disappointing" earnings for the first quarter of its fiscal year, saying they fell by 31 percent compared with the same period a year ago. The company reported diluted earnings of 68 cents per share, compared with the 98 cents per share it reported in the first quarter of 2001.

DOJ investigates CA's acquisition of Sterling Software

IBM today reported "disappointing" earnings for the first quarter of its fiscal year, saying they fell by 31 percent compared with the same period a year ago. The company reported diluted earnings of 68 cents per share, compared with the 98 cents per share it reported in the first quarter of 2001.

Cisco: Q2 earnings will beat estimates

Cisco Systems on Wednesday said it will beat consensus estimates for its second-quarter earnings when it reports its financial results after the financial markets close at 4pm.

Intel reports Q4 revenues of $7 billion

Chip maker Intel Corp. today reported fourth-quarter revenue totalling US$7 billion, up 7 percent from its third quarter results but off by 20 percent when compared with the fourth quarter of 2000.

Compaq reports Q3 revenue down 33 percent

Compaq Computer Corp. today released financial results for the third quarter ended Sept. 30, reporting revenue of US$7.5 billion, a year-over-year decrease of 33 percent. Net loss from operations came to $120 million for the quarter, or 7 cents per diluted common share.

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