U.S. lawmakers considering a bill that would let Voice over Internet Protocol (VoIP) communication services expand with minimal government regulation were told the technology could become an underground network for terrorists and other criminals to communicate without detection. In a hearing on a bi...
Seeking to move beyond a $2 billion accounting scandal, Computer Associates has offered to make a $10 million payment to put the probe to rest and has rolled out an information security product and services push designed to capitalize on what is already a strong growth area. Against the backdrop of ...
Lucent Technologies said Monday that it will pay about $295 million to acquire Telica, a provider of Voice over Internet Protocol (VoIP) gear, in the latest deal to underscore the emergence of the Internet as a tool for traditional telecommunications. Lucent will dish out 92.7 million stock shares a...
Offering a reminder of just how quickly things can change in the world of business, AOL Time Warner booked a $1 billion profit for the second quarter -- just six months after posting the largest-ever one-year loss by a U.S. firm. The company said asset sales, its $750 million settlement with Microso...
Once upon a time, every twist and turn in the Internet saga brought fresh speculation as to which promising young company Cisco Systems would sweep off its feet next in its relentless bid to conquer e-commerce. However, the steady flow of flashy young startups has dried up. Perhaps we've entered the...
Scores of technology companies that staged successful initial public offerings between 1998 and 2000 have agreed to settle a rash of lawsuits filed by shareholders. The businesses have agreed to pay at least $1 billion and to aid the shareholders as they set their sights on underwriters of the contr...
IBM has announced that the U.S. Securities and Exchange Commission is examining the way it booked revenue in 2000 and 2001, making Big Blue the latest in a growing crowd of technology companies to find itself under SEC scrutiny. "IBM believes that its business and accounting policies comply with all...
Lucent Technologies has agreed to settle a series of class-action shareholder lawsuits, almost all relating to whether Lucent misled investors by providing incomplete financial reports. Lucent said the settlement will cost about $420 million. But attorneys in one of the main cases to be settled said...
Federal investigators reportedly have widened their probe into AOL's accounting practices during the dot-com boom years, focusing on whether AOL aided and abetted the artificial inflation of revenue reports at partner companies, including embattled Homestore.com. The Washington Post reported the pro...
It is a common business scenario: A new CEO takes over a struggling company and vows to put it on more solid financial footing. He assures investors that he will cut only the fat from the ailing organization, leaving the muscle and bone the company will need to thrive intact. But when it comes time ...
Lucent Technologies has cleared what could have been a major obstacle to its ongoing turnaround. The telecommunications equipment maker has reached a settlement to close the books on a probe into its accounting practices by the U.S. Securities and Exchange Commission. Lucent said the agreement will ...
Once upon a time, the performance of bellwethers like Cisco told the economic fortunes of the technology sector as a whole. But Cisco's dismal financial showings over the last two years have left some industry observers wondering whether the company still wields much influence, even though it is sti...
Cisco Systems has announced a definitive agreement to acquire privately held Ayr Networks in a stock deal worth as much as $113 million. Cisco said it will use Ayr's technology to augment its IOS software, the network operating system used by Cisco's routing and switching platforms. Yankee Group ...
Despite a corporate spending downturn that has led to revenue and market capitalization problems for once high-flying Lucent, analysts and company officials agree that the telecom giant can stay in the game and possibly thrive over the long term. But while analysts said the company must shift som...
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