National Semiconductor reported a $783.5 million loss for the quarter after charges for leaving the PC processor business, but insisted it was on track for a return to profitability later this year. Excluding charges totalling $743.5 million, the company reported a loss of $40 million for its fiscal fourth quarter, compared with a loss before charges of $69.3 million a year ago.
BackWeb is offering $5.5 million shares at $12 per share as it embarks on its initial public offering on the Nasdaq stock exchange. The company has also granted underwriters a 30-day option to purchase up to an additional 825,000 shares.
Computer Associates shares fell almost nine per cent in trading after analysts downgraded its stock. Prudential Securities downgraded its short-term rating on CA stock from accumulate to hold and Brown Brothers Harriman cut it from neutral to buy.
Recruitment and training company Spring Group has warned it would only show single-digit growth on the previous year's £15 million operating profit. Spring blamed investment in its IT training centres and recruitment slowdown in the Midlands and the north.
Lewis Platt, chief executive of Hewlett Packard, has sold 80,000 common shares of HP worth about $7 million, in what the vendor called a routine sale. He now holds 1.32 million shares under options.
Chief exec Jens Montanana claims Logicalis performed well despite 'currency headwinds'
All the photos from last night's event, which saw over 600 people congregate at the Hilton London Bankside
Five year deal with Essex NHS Trust will cover 400 sites, including hospitals, clinics and GP practices
18 individuals and three companies walked away as winners at CRN's inaugural Women in Channel Awards last night