Software industry
WordPerfect Corp. is gearing up for a massive expansion into new markets, including communications and innovative approaches to understanding languages, following its merger with Novell Inc. The merger, which is set to be completed this month, has been described as a strategic move by WordPerfect's president, Adrian Rietveld,
Software industry
Market participants remained cautious yesterday, with most of the usual movers lacking force in recent weeks. The Nasdaq composite index fell 9.51 points, to 729.79, driven by a rout in computer stocks ahead of a release of a computer-industry indicator today. The Dow Jones industrial average and Standard
Software industry
Stock traders showed little to no reaction to the Federal Reserve Board's likely decision to hold off interest rate hikes, sending bond prices higher. However, as the afternoon progressed, traders began to take profits, causing shares to sell off. The major indexes closed mixed, with the Dow Jones
Software industry
Bill Gates' keynote speech at Comdex has again sparked much interest in Microsoft's new operating system, Windows NT (New Technology). Despite being initially oversold, Windows NT has started to make an impact on the workstation market and local area network (LAN) servers, and Microsoft is working to
Software industry
Intuit, a leading software company, has taken a significant step forward in its organizational structure by promoting three key executives to newly created posts. The company's president and CEO, Bill Campbell, has emphasized that this move will allow Intuit to focus more clearly on customer segments and seize
Software industry
International Business Machines Corporation is making significant changes to its software development efforts in an attempt to recover from a lagging position in the client-server computing market. The company, which has lost business to rivals like Microsoft, aims to reduce its estimated annual spending of $1 billion on developing software
Software industry
The Australian Vice-Chancellors Committee's (AVCC) plans for a user-pays internet regime on AARNET, the Australian Academic Research Network, are still uncertain. The committee met in Darwin last Monday but did not set a deadline for the introduction of traffic charges, suggesting that final decisions may not be made
Software industry
The stock market continued its upward trajectory yesterday, following Tuesday's Federal Reserve interest rate hike. Major blue-chip companies such as International Paper, General Motors, AT&T, and Coca-Cola benefited from the surge. The Dow Jones industrial average rose 26.09 points to 3,758.98, while the
Software industry
Yesterday's subdued trading on Wall Street reflected the collective holding breath of traders as they awaited the Federal Reserve Board's policy-setting meeting, with many hoping for swift action to reduce uncertainty. The Nasdaq composite index, now in its third day of decline, fell 5.01 points
Software industry
The stock market experienced a sharp decline yesterday following a significant rise in long-term interest rates, with the Government facing difficulties in selling the new 10-year Treasury note. As a result, blue-chip stocks like Motorola and General Electric, and high-technology stocks like Microsoft and Novell, fell in value. The decline
Software industry
The dollar's rise to a two-week high helped lift stocks and bond prices, benefiting blue chips like AT&T and General Motors, pharmaceutical companies like Warner Lambert and Bristol Myers, and high-technology companies like Microsoft and Oracle. However, the rally may be short-lived, as a negative inflation
Software industry
Delrina Corp., a leading provider of PC-based software products and services, announced its third quarter results for the period ended March 31, 1994. The company reported a significant increase in revenues and profits, with net income per share reaching 25 cents, up from 9 cents in the same period last
