SunGard divides, spins off unit
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WAYNE, Pa. - Software company SunGard Data Systems Inc. is dividing into two parts and spinning off its disaster-recovery technology business to shareholders, chief executive Cristobal Conde said.
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When the bookseller reclaims its site's management, new features, deals, and designs are in the offing.
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A troubled company in the troubled housing sector.
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SunGard Data Systems will spin-off its data recovery business as a separate company. The company&#39;s software and services unit handles most trades on the Nasdaq stock exchange.
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By Gordon, James  ALLTEL CORP.'S SPIN-OFF OF ITS WIRELINE division last summer represented a split of the company's future from its past, separating its highgrowth wireless division from its shrinking wireline division.
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Encysive restructures to reduce its cash burn.
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The sporting-goods retailer is down but not out.
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Company to sell 32-inch and 37-inch sets.
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As a new plant churns out larger sheets of glass, bigger LCD sets will drop in price.
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Competition gets heated between two public REITs in their efforts to acquire Mills.
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Company is working on flexible display technologies.
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NOIDA, India  - The new supermarket was slated as the shape of retail to come in globalizing India. Now shutters covered its windows, staff meandered outside and customers picked final bargains before its closure.
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The abrupt shutdown of Internet phone carrier SunRocket left more than 200,000 customers scrambling for alternate service Tuesday and raised questions about the viability of other standalone Internet phone providers.
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SunGard, which provides software and services to top financial companies, said Monday that it would spin off its disaster data recovery business into a separate publicly traded company through a tax-free distribution of shares.
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Sunglass maker Oakley caves in to Ray-Ban's pricey buyout.
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SunGard Data Systems Inc. (SDS) on Monday said it would spin off its data recovery business, sending its stock up 11 percent to a four-month high.
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The company has decided to leave the public markets.