Ex-Veritas CTO loads up on shares
17551
Recently departed Veritas Software Chief Technology Officer Fred van den Bosch has added to his holdings in the Mountain View company's stock, at least for now.
404518
PeopleSoft Inc. shares surged 15 percent as investors interpreted the ouster of the company&#39;s chief executive as a sign the company might now be willing to accept Oracle Corp.
532210
The New York Times reports Symantec is seeking to buy storage software maker Veritas.
455583
Storage software giant Veritas is moving its customers deeper into email archiving through its agreement to acquire KVault Software (KVS).
199914
SAN JOSE, Calif. - Symantec Corp.&#39;s reported interest in acquiring Veritas Software Corp. for more than $13 billion would represent the computer security giant&#39;s biggest step yet beyond its core businesses
662606
NetSuite Inc , a business  software maker majority-owned by Oracle Corp  Chief  Executive Larry Ellison, surged almost 37 percent in its market  debut on Thursday, a day after its initial public offering  priced far higher than expectations.
513506
Multiple bids could drive the company's stock even higher.
649258
Not long after Oracle has bought Peoplesoft, it looks like another big corporate buy out is on the way. Symantec is negotiating to buy storage software vendor Veritas
372923
The business software company surpassed Wall Streetâs projections as the company reported a sharp rise in new software licenses.
764721
The New York Times Co. stock jumped 7.5 percent yesterday, its biggest gain in almost six years, on reports that billionaire Maurice "Hank" Greenberg , former chairman of insurance giant American International Group, was snapping up shares of Times Co. in a bid to challenge its two-tier ownership structure.
721680
(InfoWorld) - Three years after being bought by EMC, VMware is going public.Â EMC announced plans Wednesday to offer 10 percent of its virtualization software subsidiary in an initial public offering (IPO). The offering will "unlock more of VMware's value for EMC shareholders," and help the company "retain and attract the software industry's top talent," EMC Chairman, President, and CEO Joe Tucci said in a statement. "We think now is the point where the planets are aligned and this makes sense," Tucci said on a conference call with financial analysts. WhenÂ EMC acquired VMwareÂ in 2004, it had 300 employees; today it has 3,000, he said. "The growth rate of this company has been phenomenal." EMC plans to file a registration statement with the U.S. Securities and Exchange Commission in late March or early April for the planned IPO, and the shares could be available for sale some time in the second quarter, said David Goulden, executive vice president and chief financial officer of EMC. The shares to be put on the market will be new shares, not ones already owned by EMC, Goulden said. The proceeds will "provide VMware with the financial resources it needs to achieve its full growth potential and provide EMC with the potential to return a portion of the original investment in VMware to EMC shareholders, while enabling them to continue to enjoy the vast majority ownership in this strategic and fast-growing business," Goulden said. Virtualization, which allows a server to better run multiple applications simultaneously, has helped businesses reduce the number of servers they need, reduce their energy consumption and assist in data center disaster recovery efforts, said Diane Greene, who founded VMware in 1998. She is president of VMware and executive vice president of EMC. "The IPO is a powerful way for us to accelerate our vision of a pervasive, industry standard virtual infrastructure. We see an incredible opportunity ahead of us," Greene said. More than 10 percent of new x86 server workloads are running on VMware virtualization software, and VMware is used by more than 20,000 customers, Greene said. Analysts have recently speculated on whether EMC would spin off VMware, said Gordon Haff, principal IT advisor with research firm Illuminata Inc. "EMC wants to get some of the money while VMware is clearly a hot property," he said. "On the other hand, they clearly want to retain a very large chunk of VMware." EMC's stock (EMC) has been stuck in the $10 to $15 range for the last three years. The IPO was announced after the New York Stock Exchange closed for the day. In after-hours trading, EMC shares rose $0.91 to $14.55. Tucci's comments about unlocking VMware's value "might be less politely phrased as 'hopefully getting the shareholders off my butt,'" Haff said. VMware is an early leader in one of the IT industry's hottest market segments. The company's revenue was up 83 percent in 2006, totalling $709 million, EMC said. The IPO should generate capital for VMware to invest in innovation, said Allan Krans, an analyst with Technology Business Research. Although VMware is the industry leader in server virtualization software, MicrosoftÂ is expected to introduce an update of its Microsoft Virtual Server in the fourth quarter of 2007, which could increase competitive pressure on VMware.
494725
Veritas Software Corp. (VRTS.O: Quote, Profile, Research) , the largest independent US storage software provider, said on Tuesday it will buy e-mail backup company KVault Software Ltd.
114971
With aftershocks still fresh from the Oracle-PeopleSoft deal, another buyout has rocked the enterprise market - Symantec&#39;s multi-billion dollar buyout of Veritas.
305192
Merger mania found its way back into the software space today, asvsecurity firm Symantec said it would pay US$13.5 billion to acquire Veritas Software.
527270
Investors are tuning in to news that the subscription-based programmer has tapped Mel Karmazin, the former Viacom president, to be its new CEO.
221145
If ever there were a better self-propagating group of folks than lawyers I can't figure out who it would be. There have been many millions of dollars invested over the last few years because lawyers have decided to encroach on our little tech world. In the 90's the CIO moved from being a tech to being a finance guy. Tomorrow they might be a finance guy with a law degree
549982
Acorda's shares zoomed up, but potential investors should be cautious.