JDS Uniphase - $44.8bn down the plug hole
JDS Uniphase has turned in dire fourth quarter and full-year results with a Q4 pro forma loss of $477m on sales of $601m.
In addition, the optical components supplier ...
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i2 shares take a tumble
Software developer i2 Technologies saw its shares fall by 16 per cent at close of trade yesterday, after it announced it will slash 10 per cent of its workforce.
The c...
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Waterstone's bows to the might of Amazon
Rival booksellers Amazon and Waterstone's are joining forces to sell books online.
Surfers logging on to the Waterstones site will, come the autumn, find themselves in...
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Dell suffered, Gateway suffered - surely Compaq can't escape
Slow PC sales are expected to take their toll on Compaq's second quarter results due out Wednesday.
Analysts are predicting a $1bn less in sales compared to the same p...
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Peoplenews falls silent
Online gossip site peoplenews.com has gone into liquidation after burning through £5m in funding.
Out-of-pocket backers include Ant Factory, Andrew Neil of the Scotsma...
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Reuters chiefs face the chop
Reuters is expected to slash up to 1,200 jobs when it announces its half-yearly results later today - and some of its most senior managers are set to be among them.
Th...
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Reuters to cut 1,000 staff
Reuters is set to axe around 1,000 jobs this week - five per cent of its global workforce.
The move has been interpreted as a pre-emptive strike to protect the company...
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Misys faces FTSE expulsion
UK software and services group Misys faces the threat of relegation from the FTSE 100 index after its shares dropped 28 per cent after a profit warning yesterday.
Anno...
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Iomega slashes jobs as profits plunge
Storage giant Iomega is slashing between 800 and 1,100 jobs worldwide after reporting a second quarter loss of $35.9m, compared with profits of $40m for Q2 2000.
Reven...
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Marconi acts to prevent Mayo outburst at AGM
John Mayo, the deposed deputy CEO of troubled telecoms equipment maker Marconi, was kept away from the company's AGM yesterday over fears that he would speak out against ...
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