Stories by Clare Haney

  • IDC: Global IT spending to weather US recession

    Although the ongoing slump in the US economy is already having a negative impact on the growth of global IT spending, worldwide spending on technology will not be hurt drastically by the downturn in the US, according to market analyst company IDC.

  • IBM's Q4 results beat analysts' expectations

    IBM Wednesday announced fourth-quarter and year-end financial results above analysts' expectations. The company also feels comfortable with analysts' financial forecasts for fiscal 2001, according to IBM's chief financial officer.

  • Intel maintains financial caution

    Despite dubbing fiscal 2000 overall a "record" year for both earnings and revenue, Intel announced on Tuesday revised fourth-quarter financial results and said it expects first-quarter results to be adversely hit by current economic uncertainty. The company also revealed that it plans to close a manufacturing plant in Puerto Rico as a way to cut costs.

  • Apple warns of expected Q1 loss

    Apple Computer Tuesday added its name to the ever-growing list of technology companies issuing profit warnings. The company said it will report its first loss in three years for its first fiscal quarter of 2001.

  • UPDATE - 3Com Lowers Expectations for Q2

    Monday had some bad news for investors -- a profit warning -- resulting largely from a slowdown in spending on the company's products among telecommunications carriers. However, 3Com remains confident that the carrier segment of its business will recover and provide it with long-term growth opportunities.

  • HP holds fast to fiscal 2001 predictions

    In the wake of several of its PC competitors issuing profit warnings, Hewlett-Packard Thursday recommitted to its most recent predictions for the company's likely financial performance in fiscal 2001.

  • Spin-offs not yet on Novell's cards

    Novell's chief last week poured cold water on rumours that the software vendor is looking to spin off some of its businesses. However, he didn't rule out such a move in the future. "People love to generate rumours," Novell chairman and CEO Eric Schmidt said when questioned about the company's third-quarter financial results. However, he quickly added that it's important for Novell to consider any strategic initiatives that might help generate value for the company's shareholders.

  • Oracle Net appliances for auction block

    Puzzling for a way to make the five-year-old network computer concept interesting again, a company established by Oracle opted to put 10 of its devices up for auction on amazon.com's Web site.

  • Lucent names networks spin-off -

    Networking equipment vendor Lucent Technologies has provided further details concerning the planned spin-off of its enterprise networks group, including the new name - Avaya Communication. The new company also announced a worldwide strategic relationship with customer relationship management (CRM) software vendor Siebel Systems.

  • Lucent names enterprise networks spin-off Avaya

    Networking equipment vendor Lucent Technologies has provided further details concerning the planned spin-off of its enterprise networks group, including the new name - Avaya Communication. The new company also announced a worldwide strategic relationship with customer relationship management (CRM) software vendor Siebel Systems.