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CA exec may drop hostile bid
- The chief executive of Computer Associates (CA) suggested he could withdraw a $9.8 billion hostile bid for Computer Sciences (CSC) if a Nevada judge does not remove certain "poison pill" provisions from CSC's bylaws. [News.com]
CA to let CSC hostile bid expire
- After a month of verbal battles, lawsuits, and efforts to woo shareholders, Computer Associates (CA) today said it will let its $9.8 billion hostile bid for Computer Sciences (CSC) expire after March 16--unless CSC's board takes the unlikely action of removing the antitakeover hurdles it took great pains to erect. [News.com]
CBS MarketWatch mulls IPO
- CBS MarketWatch is considering an initial public offering of stock among options for its financial news Web site, company executives said yesterday. [News.com]
CD-R system prices dropping
- Storage maker Pinnacle Micro announced it has begun shipping recordable CD systems for $499. [News.com]
CD-ROM prices plummeting
- As DVD-ROM drives start showing up on midrange and high-end PC systems, CD-ROM drive makers are slashing retail prices and targeting the popular sub-$1,000 PC in an effort to stave off obsolescence. [News.com]
CEO resigns from Cabletron
- In a surprise announcement, Cabletron (CS) said today that Donald Reed has resigned as chief executive officer and president, effective immediately. [News.com]
CFO at Novell quits
- Novell (NOVL) said today that its senior vice president and chief financial officer, James Tolonen, has resigned. [News.com]
CMG buys ad server Accipiter
- Internet holding company CMG Information Services (CMGI) has purchased Accipiter, a provider of ad banner server software, for $35 million in stock. [News.com]
CNET special feature: Ten Net laws
- When the Supreme Court struck down the controversial Communications Decency Act in June 1997, free speech advocates and various Net groups rejoiced. However, the end of the CDA marked the beginning of the U.S. government's struggle to control the unruly activity on the Internet. [News.com]
CSC board shuns takeover
- Computer Sciences (CSC) said today that its board of directors has unanimously rejected the $9.8 billion takeover offer from Computer Associates (CA). [News.com]
CSC gets second DOJ query
- Computer Sciences (CSC) said today that it has received a second request from the Justice Department for information regarding the hostile takeover offer it received from Computer Associates International (CA). [News.com]
Cabletron drops 15% on warning
- Cabletron Systems (CS) said yesterday that its quarterly revenue will drop below year-ago levels after a shortfall in sales for some parts of the business. [News.com]
Cabletron lays off 180 employees
- Cabletron Systems (CS) said today that it is laying off about 180 full-time manufacturing employees, or about 3 percent of its workforce, as part of a corporate realignment. [News.com]
Cabletron posts $6.3 million loss
- Cabletron Systems (CS) today posted a net loss of $6.3 million, or 4 cents per share on a diluted basis, before charges for its fourth fiscal quarter, compared with a profit of $72.6 million, or 45 cents a share, reported for the like quarter a year ago. [News.com]
Cabletron's puzzling plight
- After years of speeding along at a steady pace, the wheels have come off at Cabletron Systems (CS). [News.com]
California takes on labor shortage
- Warning: If the high-tech industry cannot fill job vacancies, California eventually will lose its competitive edge. [News.com]
Can Amiga rise again?
- Down, but not yet out. [News.com]
Can Tripod buy boost Lycos?
- Lycos (LCOS) expects to boost its traffic with the recent acquisition of Tripod, but whether this online community for twenty-somethings can generate stellar advertising revenue growth remains to be seen. [News.com]
Can networking stocks survive?
- The networking industry has been a raging bull on Wall Street, but several of the bellwether companies have reported disappointing earnings of late. Bay Networks said last week that it would miss its earnings for the quarter; Cabletron yesterday posted a $6.3 million quarterly loss; and 3Com today posted quarterly results that were below the Street's expectations. In addition, two firms recently have been laying off some employees. Can the stocks weather the storm? [News.com]
Candy, porn confused on Net
- The Hong Kong government appears to have goofed in its war on Internet pornography by branding a chocolate company's Web site as unfit for children. [News.com]
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