Friday - May 2, 2008
Sun Microsystems announced a $34 million loss in its fiscal third quarter as the company continued to repurchase its stock, reinvest cash in the business and pursue acquisitions and expansion in emerging markets. That's a steep drop from the $67 million the company made in the same quarter in 2007. The loss came as the company aggressively implemented cost-saving measures -- including thousands of job cuts -- pursued the service provider model, acquiring open source MySQL for $1 billion in February and expanded overseas.
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Friday - March 28, 2008
Red Hat saw its stock move briskly higher Friday as investors digested a strong earnings performance and an optimistic outlook. The company posted record software license sales and issued guidance that topped Wall Street estimates for 2009. For its fourth quarter, Red Hat saw revenue of $141.5 million, a 27 percent increase over the year before.
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Monday - March 17, 2008
Philip Rosedale, founder and chief executive of Second Life creator Linden Lab, is stepping down and will become chairman once a replacement is found, the company said Friday. "My passion for Second Life is undiminished, and this appointment will enable me to be more closely involved in the evolution of the company's products," Rosedale said.
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Friday - March 14, 2008
Amentra, an information technology consulting and services firm based in Richmond, Va., has been bought by Red Hat. The purchase by the Raleigh, N.C., software and business services company, was announced Thursday. Terms were not disclosed. Founded in 2000, Amentra has been recognized for its work, including its innovative mentoring approach to information-technology services.
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Wednesday - February 27, 2008
One deal turned a Swedish software company into Sun Microsystems' property. Another put Sun's cutting-edge microprocessor designs into the curriculum of China's leading universities. Sun Microsystems executives touted the disparate deals announced Tuesday as serving a common purpose: to enhance the open source technology development, and Sun's prominence as a movement leader.
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Friday - February 15, 2008
The SCO Group, a software technology and mobile services firm that focuses on Unix-based solutions -- but is perhaps best for its high-profile lawsuits against Novell and IBM -- has announced a $100 million cash infusion from Stephen Norris Capital Partners that promises to yank the small Utah-based company out of bankruptcy.
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Thursday - December 20, 2007
Open source software developers who were active in the late 1990s might find themselves yearning for those good old days, when venture capital flowed like wine at Napa Valley party. Maybe they forgot the hangover that settled in once the bubble burst. Open source software's fall from grace was dramatic and sobering, but it wasn't alone and it doesn't mean open source is a dead industry.
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Monday - December 17, 2007
One of the things you learn quickly when you work for a large company is how well executives can cover up failure. I think, to a large extent, that is what is happening with Linux. Folks are covering up its failure with rhetoric, and that is keeping it from growing to its potential. I'm an analyst, and particularly when we challenge popular views, folks want to know what is behind those views.
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Friday - December 14, 2007
After a one-week delay, Novell released its fourth quarter earnings Thursday, saying that higher-than-expected costs associated with an ongoing restructuring would weigh on results even as sales of its Linux products surged higher. The restructuring effort could now cost as much as $70 million, Novell said, which is significantly higher than the $35 million to $45 million it previously forecast.
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Wednesday - December 5, 2007
Novell announced Wednesday that it has decided to postpone the release of its fourth quarter and full-year 2007 earnings reports, both of which were scheduled for Thursday. The cause, it said, was an inquiry from the Securities and Exchange Commission, with which Novell has had a series of exchanges regarding some of its recent filings.
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Tuesday - November 6, 2007
Sun Microsystems announced modest increases in revenue and profit for its first quarter of 2008 and said continuing the growth remains its "top priority" for the rest of the year. The company, now in its 25th year, reported first-quarter net income of $89 million, which equates to 3 cents per share. During the first quarter a year ago, Sun suffered a net loss of $56 million.
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