Openwave names new CEO
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Former Inktomi chief David Peterschmidt replaces Don Listwin, who will continue to be vice chairman.
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(InfoWorld) - Open-source database vendor Greenplum had cause for celebration Tuesday, announcing both $15 million in venture capital financing and the appointment of a new CEO. The startup named Sun veteran Bill Cook as its new head. He spent 19 years at Sun and held a variety of positions there, including, most recently, a three-year stint as senior vice president of sales. After leaving Sun, Cook took on a similar role in heading up sales and services at Linux hardware and clustering company Penguin Computing. In August 2006, Greenplum announced a partnership with Sun to develop dedicated data warehousing appliances using the startup's database and the Sun Fire X4500 hardware server running Sun's Solaris operating system. Tuesday, the two companies unveiled their first customer for the Sun Data Warehouse Appliance, Smart Communications, the leading wireless service provider in the Philippines. Greenplum has developed its commercial open-source databases based on the open-source PostgreSQL databaseÂ and hasÂ aimed at users of data warehousing software and Bizgres to support BI applications. Sierra Ventures led the $15 million financing round in Greenplum. Three previous investors in the startup, venture capital companies Mission Ventures, Dawntreader Ventures, and EDF Ventures, also contributed. Greenplum will additionally benefit from the $4 million line of credit that Comerica Bank is making available to the company, the vendor said. Greenplum, which is based in San Mateo, California, plans to use the funds to continue development of its database as well as to expand its sales and marketing efforts around the world. That expansion is already underway with Greenplum on Tuesday also announcing the establishment of its Asia-Pacific regional headquarters in Singapore under the leadership of former NetezzaÂ executive Vinay Samuel. Netezza is a player in the data warehousing appliance market. Â
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Padcom Inc. has new chief executive officer. Scott A. Stone, the Bethlehem company&#39;s chief operating officer since last year, has been named CEO.
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RadioShack Corp.  on Friday  named Julian Day as its new chief executive, sending the stock  soaring 22 percent on hopes that Day&#039;s experience with  struggling retailers such as Safeway, Sears and Kmart would  help with RadioShack&#039;s own revamp.
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Clear Channel Communications Inc. on Wednesday named Mark Mays president and chief executive officer, effective immediately.
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Longtime Red Hat CEO Matthew Szulik is being replaced, the company announced on the same day it posted a quarterly revenue gain of 28 percent.James Whitehurst, formerly the COO for Delta Airlines, will take on Szulik&#39;s leadership positions and a seat on the board starting in the new year. Szulik, currently president and CEO, will remain as chairman of the board.Szulik had been Red Hat&#39;s CEO for the past eight years and is one of the most prominent business executives in the open-source world.Whitehurst joins Red Hat as the company works through a transition aimed at helping it compete better with giants like Oracle and Microsoft. The company is best known for its Linux server distribution, but that market is getting increasingly crowded. As a result, Red Hat is trying to reach out into other areas or beef up existing offerings, like its services.Despite the competitive landscape, Red Hat managed to produce solid results for its third quarter ending Nov. 30. It posted revenue of $135.4 million, an increase of 28 percent over the same period last year.Net income reached $20.3 million or $0.10 per diluted share, compared with $14.6 million or $0.07 per diluted share in the corresponding quarter of 2006.The company highlighted its JBoss Advanced Partner Program, launched during the quarter, aimed at offering support services to value-added resources in North America.&#160;Red Hat bought JBoss last year&#160;as part of its efforts to expand its offerings.
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Paul Otellini, currently president and COO, will replace outgoing chief Craig Barrett in May.
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IRVINE, Calif., Oct. 26 /PRNewswire-FirstCall/ -- Broadcom Corporation today announced that its Board of Directors has named Scott A. McGregor as President and Chief Executive Officer, effective January 3, 2005.
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Internet television service Joost named former Cisco senior executive Mike Volpi as its new chief executive on Tuesday, choosing a telecoms veteran to lead the company as it courts big media to show programming on its site.
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Open source and Linux provider Red Hat (Nasdaq: RHAT) has announced the appointment of Sun Microsystems (Nasdaq: SUNW) executive Karen Tegan-Padir as vice president of desktop infrastructure technologies.
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EMPLOYERS organisation the Confederation of British Industry has appointed a new chairman for its North West division.
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AOL Europe appoints new chief exec
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Transforming the transformation agenda The Office of Government Commerce (OGC) has appointed a new chief executive to lead its transformation agenda.â¦
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Former Cisco SystemsÂ executive Mike Volpi will become CEO of online video company Joost Operations, replacing founding CEO Fredrik de Wahl, the company announced Tuesday.
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In-Q-Tel's new CEO looks to nanotechnology to bolster safety and security.
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Sirius Satellite Radio Inc. named former Viacom Inc. president Mel Karmazin chief executive Thursday, a month after signing talk-show host Howard Stern to lure listeners.
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Dave DeWalt is the new chief executive officer and president for the security software company.