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Rockwell to report loss, charge
- Rockwell International said today that a $597 million charge for global jobs cuts and planned plant closings caused the company to report a loss for the quarter. [News.com]
SAP catches the Asian flu
- The Asian flu now has a German strain. [News.com]
SAP sees growth slowdown
- German software darling SAP saw its growth slow the second quarter ended June 30 as personnel costs, an employee stock appreciation program, and the Asian economic crisis took a toll on the company's bottom line. [News.com]
SAP takes prepackaged route
- SAP has a prepackaged version of its business process software for the prepackaged industry. [News.com]
SBC, Ameritech beat estimates
- Merger partners SBC Communications and Ameritech have reported slightly better-than-expected second-quarter earnings, citing strong demand for additional phone lines and data services, as well as tight cost controls. [News.com]
SCO gains ground in clustering
- The Santa Cruz Operation (SCO) may gain the upper hand in Intel-based clustering software next week with the announcement of a deal with Compaq Computer subsidiary Tandem Computers. [News.com]
SCO sees nose-dive reaction
- Santa Cruz Operation stock tumbled nearly 27 percent today after the maker of Unix Systems surprised Wall Street yesterday by warning that its third-quarter net income and sales will be sharply below expectations. [News.com]
SCO warns of sharp shortcoming
- Santa Cruz Operation, the maker of Unix systems, surprised Wall Street today by warning that its third-quarter net income and sales will be sharply below expectations. [News.com]
SDRC to post loss due to Asia
- Structural Dynamics Research said today that it expects to earn 14 cents a share in the second quarter, as revenues drop 8 percent below analysts' estimates on continued weakness in the Asian economy. [News.com]
SEC tightens Y2K disclosure rules
- The Senate leader on the Year 2000 technology problem praised federal regulators who said late yesterday they are clamping down on public companies which fail to give a complete picture of their efforts to solve expected computer glitches. [News.com]
SEC turns up heat on Net scams
- The Securities and Exchange Commission beefed up its battle against Internet securities fraud today by creating a specialized unit to root out phony offerings, pyramid schemes, and other investment scams. [News.com]
SGI misses, Infoseek beats mark
- Silicon Graphics, Gateway, and Adaptec fell short of Wall Street's expectations for their quarterly earnings, while Infoseek and Pixar beat the Street's estimates. [News.com]
SGI to shutter Cosmo Software
- Silicon Graphics said it plans to close its 3D and Web graphics unit, Cosmo Software, now that negotiations to sell it to Sony have broken off. [News.com]
SGI to slash workstation prices
- Silicon Graphics is set to slash prices by 36 percent on its midrange line of workstations, as the company seeks to halt sliding sales while it puts the finishing touches on systems based on Intel processors and Microsoft's Windows NT. [News.com]
SPA may call standards meeting
- The Software Publishers Association is considering holding a meeting this summer to discuss industry guidelines for handling file formats, fueled by the RealNetworks allegations last week that Microsoft's Media Player "breaks" software from RealNetworks. [News.com]
SSA restructures, seeks niche
- System Software Associates once owned the industrial software market. Now it's struggling to find itself. [News.com]
Safety through services
- VeriSign's acquisition today of SecureIT marks another Internet security company adding a services arm to help corporate customers implement security measures on their networks. [News.com]
Sanyo Elec, IBM team on chips
- Japanese electronics maker Sanyo Electric said today that it would join hands with IBM to develop, manufacture, and sell advanced semiconductor products. [News.com]
Seagate asks CEO to resign
- In a surprise move, Seagate Technology today announced that it is pushing out its chief executive, Alan Shugart, a pioneer in the invention of the computer disk drive, and replacing him with Stephen Luczo, the company's president. [News.com]
Seagate sees past tough times
- Disk drive maker Seagate Technology expects its business will continue to make slight improvements even though falling prices, slower computer sales, and a glut still dog the industry. [News.com]
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