Computer industry
Energy prices took a sharp drop, driven by fading concerns about disruptions in supply and signs of slowing economic growth. The plummeting prices had an unexpected consequence: a hedge fund, Amaranth Advisors, lost an estimated $3 billion due to its heavy bets on high energy prices. Corporate profits remained strong,
Computer industry
Toshiba and Micron Technology have agreed to settle a legal dispute over patent rights, with Toshiba agreeing to pay $288 million to license technologies related to flash memory chips. The dispute arose when Micron sued Toshiba in an attempt to block U.S. imports of flash memory chips that Micron
Computer industry
Patricia C. Dunn, Hewlett-Packard's chairwoman, agreed to resign in January after revelations that the company had spied on board members, leading to a scandal that implicated senior executives and raised allegations of corporate espionage. This incident came on the heels of a series of corporate controversies, including a
Computer industry
The Customer Respect Group, an international research and consulting firm, has released its Annual Review of the Largest 100 US Companies, highlighting top performers in customer respect. The review analyzed the largest 100 companies as defined by Fortune Magazine in April 2006. Notably, Intel, Sears Roebuck, Hewlett-Packard, Medco, and Procter
Computer industry
Constant Contact, a leading email marketing service for small businesses, associations, and nonprofits, has partnered with the Association of Small Business Development Centers (ASBDC) to provide valuable resources and support to small businesses. With over 70,000 customers, Constant Contact offers a web-based email marketing solution that enables small organizations
Computer industry
The Indian IT sector has been outpacing its global counterparts in terms of profit growth, with analysts predicting an average operating profit growth of 22% for the year, compared to 7% for US-based tech services firms, according to a report by Goldman Sachs. This trend is expected to continue into
Computer industry
The Wilmington-based chemical company DuPont has made a significant change to its employee benefits package, announcing that it will close its traditional pension plan to new hires and reduce contributions to the plan for current employees. This move follows a trend among major U.S. companies, including Unisys Corp., International
Computer industry
DuPont Co. has made the decision to close its traditional pension plan to workers hired after January 1, citing the expense and risks associated with defined-benefit plans. The company, a leading chemical and materials science giant, has followed the trend of other major US companies such as Unisys Corp., IBM
Computer industry
PFSweb, Inc. has reported on its business performance, highlighting its eCOST.com subsidiary as a leading online discount retailer. The company serves over 100,000 different products from top manufacturers through the Internet and direct marketing channels. PFSweb's business involves various risks and uncertainties, including its reliance on
Computer industry
Utix Group, Inc. has announced the return of James Rowins as Senior Vice President, Sales, effective August 21, 2006. Rowins brings over 10 years of sales, management, and marketing experience to the position, having worked with prominent brands such as Sony, Samsung, and Coca-Cola. He rejoins Utix after serving as
Computer industry
ATI Technologies Inc. (ATYT), a leading supplier of computer graphics chips and boards, has been making headlines in the tech industry following its announcement to be acquired by AMD for approximately $5.4 billion in cash and stock. Despite the proposed acquisition, ATI's shares have taken a hit,
Computer industry
Seven Summits Research has issued PriceWatch Alerts for International Business Machines Corp., Comcast Corp., Inco Ltd., EMC Corp., and Celgene Corporation. The PriceWatch Alerts provide a concise market overview, economic calendar, and Dynamic Market Opportunities, along with hedged trade ideas designed to protect investors from unexpected market shifts. According to
