Chris Stone to leave Novell Inc.
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Vice chairman of the office of the chief executive officer in Novell Inc, Chris Stone is leaving the company to pursue other opportunities in life.
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The chief exec of SCO will leave once it reorganizes through a deal with Stephen Norris & Co. Capital Partners.
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Novell agrees to pull out of a European Union lawsuit but says it will press for another settlement for damage to its WordPerfect software business.
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The Microsoft Corp.  executive in charge of closing the gap on Web search leader Google Inc  is leaving the company, a source familiar with the situation said on Wednesday.
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Scott B. Kapnick, a co-head of investment banking, will leave the firm after 21 years.
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Novell and the Computer and Communications Industry Association have agreed to end their participation in the legal case against Microsoft in the European Union.
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REIT withdraws offer for Equity Office, bowing out in favor of Blackstone.
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(InfoWorld) - Marvell Technology Group,Â embroiled in a backdating investigation, filed a delayed earnings report with stock regulators this week and announced the resignation of the interim chief financial officer who had agreed to remain in his job until the filing was made. Marvell's interim CFO, Michael Tate, will serve his final day Friday, the company said. Tate had also held the titles of vice president, corporate controller, and treasurer in his six years at Marvell before agreeing earlier this year to help complete the financial filings. His departure marks the latest in a series of executive shakeups since the investigation ensued. By delivering the missing earnings report for the first quarter of 2007 to the U.S. Securities and Exchange Commission, Marvell finally satisfied demands set by the Nasdaq stock market to continue trading its shares. Investors gained confidence in that move, driving the stock up to $19.10 from $17.98 on Tuesday, before it settled back to $18.35 at midday Thursday. Marvell did not respond to requests for comment. One financial analyst maintained a "buy" rating on Marvell stock but scaled back his profit forecast because of concerns about increased research and development spending revealed in the new financial restatements. Despite those troubles, Marvell stock is "near a fundamental bottom," and will probably rise in the long term thanks to increased sales of the XScale smartphone chip, according to Shaw Wu, an analyst for American Technology Research. Wu now expects Marvell to earn $0.33 per share on revenue of $2.7 billion in fiscal 2008, down from $0.38 per share on the same revenue. He also reduced his forecast of the company's 2009 earnings to $0.80 per share on revenue of $3.2 billion, down from an original $0.85 per share on the same revenue. "From our understanding, Tate is stepping down due mainly to personal reasons," Wu said in a note to investors. "We believe his resignation will be viewed as a mild negative as he was well-respected in the investment community for his candor and conservative nature." Tate's resignation follows closely on the heels of a corporate shuffling that resulted from an investigation of charges that certain executives changed dates on their stock options, illegally boosting their profits when they sold the stocks. In May, Marvell said that Sehat Sutardja would step down as chairman of the board but keep his job as CEO, although an internal investigation had revealed that he participated in a few instances of stock options backdating. In another shakeup, Weili Dai, Marvell's cofounder and COO and also a board member, said he would leave his management and financial roles for a new job as director of strategic marketing and business development. At that time, the company also announced it had fired its general counsel, Matthew Gloss, and accepted the resignation of its CFO, George Hervey. Marvell named Tate to replace Hervey and complete the financial restatements. "We appreciate Mike's hard work during this very difficult time," Sutardja said in a statement. "He enabled us to complete the filing of our delayed reports, to the benefit of shareholders, customers and employees alike. We wish him the best in his next endeavor."
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Novell chief information officer (CIO) Debra Anderson was given the task of migrating all of the company&#39;s 6,000 staff from Microsoft Windows to Novell Linux on the desktop.
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Blogging software maker Six Apart  said on Friday Chairman and Chief Executive Barak Berkowitz was  stepping aside and would be replaced by Chris Alden, who had  run the company&#39;s professional software unit.
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(InfoWorld) - The executive in charge of leading Microsoft's battle against search giant Google is leaving the company to form his own venture, according to published reports. The Wall Street Journal reported late Wednesday that Chris Payne, corporate vice president of Windows Live search, plans to leave his job and form a company in Seattle. According to the report, his departure is part of a set of changes in the organization since Microsoft appointed former Ask.com executive Steve Berkowitz last year as senior vice president to lead its online group. Microsoft has declined to comment on reports of Payne's leaving, and his biography remained on Microsoft's Web site Thursday. According to the bio, Payne is in charge of "delivering the best search experience for customers and helping them find the information that is important to them," as well as overseeing Windows Live Shopping. Published reports did not make it clear if Payne plans to leave Microsoft for his own reasons or if the company is letting him go. However, Microsoft's search and online business has not been faring well against Google since Microsoft unveiled a plan in November 2005 to rename its search engine Windows Live Search and develop other Web-based services under that moniker in an attempt to take more of the online advertising market. The company at the time also announced a small-business hosted package called Office Live. Just last week in a conference call, financial analysts from UBS Investment Research saidÂ Microsoft's search business is "massively underperforming"Â against Google in both the incidence of search queries and in advertising revenue. They also predicted that the gap between the two companies in this market would not be closing anytime soon unless Microsoft takes drastic measures to ramp up its search strategy by striking deals with enterprise partners and finding legal ways to link its online offerings to its popular enterprise software products. Revenue from Microsoft's online properties also remained relatively flat over the last fiscal year despite the company's increased investment to bolster this part of its business. Before taking over Microsoft's Windows Live Search team, Payne was vice president of MSN.com, where he managed MSN Search, the MSN.com home page, MSN Autos, MSN Entertainment, MSNBC, Slate, and the MSN Channels properties.
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Northern Rock Chairman Matt Ridley has resigned from his post and will be replaced by Bryan Sanderson.
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The former chairman and CEO of Novell Inc., Jack Messman, has quit the company's board of directors a month and a half ahead of schedule.
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Hollywood Entertainment Corp.  on Thursday said its founder and chief executive officer Mark Wattles has resigned and the movie rental chain is considering a takeover bid from rival Blockbuster Inc.
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NOVEMBER 05, 2004  - After helping Novell Inc. reinvigorate itself last year through the endorsement of Linux and the acquisition of vendor SUSE Linux AG, Vice Chairman Chris Stone has left the company.
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Austin Adams, the CIO at JPMorgan Chase who canceled a $5 billion outsourcing deal with IBM in 2004, is stepping down at the beginning of next month.
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In a surprise move, the leader of Microsoft Business Solutions (MBS) Doug Burgum said Tuesday he plans to leave Microsoft Corp. at the end of June 2007.