Stories by John Ribeiro

Anonymous may have slowed down NYSE site

The website of the New York Stock Exchange slowed down significantly twice on Monday afternoon, the day when the hacker group Anonymous was scheduled to launch a DDoS (distributed denial-of-service) attack on the website, according to an Internet and mobile cloud monitoring company.

Adobe faces patent infringement suit after EchoSign buy

Adobe Systems and EchoSign, the electronic signatures company it acquired Monday, were sued on Tuesday by RPost, another electronic signature services company, for alleged infringement of five of its patents relating to electronic signature services.

Indian outsourcer Infosys expands in Shanghai

Infosys Technologies, India’s second largest outsourcer, continues to expand in China, and plans investment of up to US$150 million in a new campus at the Zizhu Science and Technology Park in Shanghai.

HP to report results early after memo leak

Hewlett-Packard has advanced to Tuesday morning US time the release of its results for its fiscal second quarter ended April 30, after an internal memo, warning of a tough current quarter, leaked to the media.

Satyam to pay US$10M to settle fraud charges

Indian outsourcer Satyam Computer Services has agreed to pay a US$10 million penalty to the US Securities and Exchange Commission (SEC) to settle charges of financial fraud, the SEC has announced.

TomorrowNow litigation drags SAP Q4 profits down

SAP saw revenue rise 27 percent in the fourth quarter but profits dropped by more than a third due to increased provisions linked to litigation with Oracle related to its former TomorrowNow unit, the company said Wednesday.

Tata's revenue, profits soar

Tata Consultancy Services (TCS), India's largest outsourcer, reported on Monday strong growth in revenue and profit for the quarter ended Decem ber 31, citing a strong demand for its services.

President Obama: offshoring fears are outdated, unwarranted

The perception that Indian call centers and back office operations cost U.S. jobs is an old stereotype that ignores today’s reality that two-way trade between the U.S. and India is helping create jobs and raise the standard of living in both countries, U.S. President Barack Obama told a gathering of business executives in Mumbai on Saturday.

Saudi Arabia extends RIM compliance deadline

Saudi Arabia's telecom regulator stepped up the pressure late Research In Motion (RIM) on Saturday by giving three local telecommunications operators up to the end of Monday to ensure that the BlackBerry service meets with its regulations.

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