“How will you get your data back after the "insert catastrophe here” was the title of a Gartner white paper in February 2001. Seven months later, the September 11 terrorist attacks filled in that blank, stunning the US and forcing businesses to consider disaster recovery on a previously unimagined scale.
The US government plans to add additional charges and possibly new defendants to its case against the officials behind WorldCom's collapse, prosecutors said Wednesday during a court hearing on last week's indictment of several former executives.
IBM has agreed to buy PwC Consulting for $US3.5 billion in cash and stock, the companies announced today.
Computer Associates International topped its earlier guidance and posted a slight operating profit in its just-ended quarter, a result CEO Sanjay Kumar attributed to deferred revenue generated through subscription software sales.
Those awaiting a rebound in the IT market found little comfort in last week's earnings announcements from many of the industry's biggest vendors, suggesting that spending on large IT projects at many corporations is still on hold.
Since WorldCom Inc.'s revelation last week of the largest accounting deception in corporate history, a snowball effect has kicked in, with company after company admitting to bookkeeping irregularities and management crises. The flood is unlikely to end soon: With a corporate earnings season beginning and increasing pressure from politicians and regulators, the next few months will be a prime time for further disclosures.
IT companies lose billions annually through inefficient management of their working capital, a problem that is exacerbated when the economy worsens as it did during 2001, according to a study to be released tomorrow by REL Consultancy Group.
Hewlett-Packard today apparently won the final battle in its lengthy campaign to win approval of its intended acquisition of Compaq, as a judge dismissed a lawsuit from former HP board member Walter Hewlett that sought to block the acquisition.
An internal reorganization aimed at better aligning Computer Associates International's (CA) staff resources with its products was announced Sunday by CA Chief Executive Officer Sanjay Kumar during his customer service-themed opening keynote here at CA World.
Twelve hundred HP and Compaq employees are now part of "clean teams"
Rare for outcome of shareholder vote to be so unpredictable this close to end
HP heirs and their foundations control about 18% of HP's outstanding shares
Sam "bleeds Blue" says Gerstner
HP infringing on patent since 1995 says univeristy
"I think the merger is in trouble"