Amortization, Acquisitions
94 Stories
Flextronics cuts 7,000 jobs, reduces capacity by 15%
News Flextronics International Ltd, the second-biggest contract electronics manufacturer, has cut about 7,000 jobs, or 10 percent of its workforce, and trimmed production capacity by 15 percent because of slowing demand.
NTT unit says Verio lost US$777m; loss to widen this year
News NTT Communications Corp, the long-distance and international call unit of Japan's biggest phone company, said its US unit, Verio Inc, posted a loss in 2000 and projects a widening deficit this year.
Symantec achieves 36% growth in AP
News Security-software maker Symantec Corp expects Asia Pacific to continue to be its fastest growing market despite the regional economic slowdown.
EMC ups Data Domain bid as NetApp deal proceeds
News Even as NetApp receives clearance from U.S. authorities to buy Data Domain for US$1.9 billion, rival EMC ups stakes to US$2.1 billion.
Tags: Storage software, Storage, Acquisitions, Domain, non-GAAP, EMC Corp., GAAP, FTC, amortization, shareholder
Telecom NZ suffering further decline
News Telecom New Zealand has reported a 43.9 percent fall in full year net profit to US$271.8 million, continuing a recent downward trend.
Tags: Business Strategies & Functions, Telecommunications, Broadband, amortization, CEO, EBITDA, financial, network, mobile network, finance
CNET beats estimates in third quarter
News CNET Networks, which produces Web sites and television programs about technology, on Tuesday posted a third-quarter loss of US$43.6 million after writing down the value of businesses it acquired.
WebMD Q4 loss widens to US$1.35b
News WebMD Corp, which links insurers, doctors and patients online, said its fourth-quarter loss widened to US$1.35 billion as it ended ventures with News Corp and DuPont and integrated acquisitions.
ATI sales, income climb
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BellSouth considers tracking stock for wireless assets
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Global Crossing reports 4 cent loss
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Global Crossing beats views despite loss
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Disney's Go.com loses more than US$1 billion
News Go.com, the Internet subsidiary of the Walt Disney Company, lost more than US$1 billion in fiscal 1999 but saw a slight increase in its total revenues from the previous year, according to a company filing with the Securities and Exchange Commission.
Cobalt buys software maker for $70 million in stock
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Cobalt buys software maker for $70 million in stock
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SCI to lay off 5,000
News SCI Systems, an electronics manufacturer, reported lower fiscal third-quarter profit Wednesday and said it will lay off 5,000 to 6,000 people, or 15 percent of its workers, and close four plants to cope with the slowdown.
