Accounting deadline could kill software spending
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Wall Street analysts debate whether year-end Sarbanes-Oxley deadline will sap demand for corporate software systems.
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SAP's Tuesday deadline for interested buyers of its third-party enterprise applications software maintenance and support company TomorrowNow is drawing to a close. Prospective buyers need to move fast if they want a piece of the action.
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A recent survey of Fortune 1000 companies shows that if you're not using disk-to-disk systems to cut your backup window, you're behind the times. Here's why the technology is so hot.
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A slowing economy weighs on the employment software company.
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Slowdown will give big companies more time to hunt down compatibility problems, the company says.
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Legal and research expenses drag its bottom line down.
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Setting tight work deadlines can raise the risk of suffering a heart attack six-fold, researchers believe. Staff working hard to get a task completed on time were six times more likely to have an attack in the next 24 hours than co-workers, a study said.
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InfoWorld - A Tuesday deadline has been set in which several leading open-source PHP (Hypertext Preprocessor) projects plan to stop supporting older versions of PHP in upcoming releases.
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Setting the clocks ahead comes early this year, and that's causing a critical time crunch for a lot of businesses.
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Software giant says Release Candidate 2 should be last before OS release.
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(InfoWorld) - Computer Sciences Corp. has delayed filing its annual report with the U.S. Securities and Exchange Commission because it has found "significant" accounting errors over multiple years, the IT services provider announced Wednesday. CSC, based in El Segundo, California, has uncovered mistakes in its accounting for tax liabilities in fiscal years 2000 through 2006, which is causing it to delay filing its 2007 10-K report, the company said. Correcting these errors will result in a cumulative charge estimated to be between $300 million and $400 million through March 31, 2006. That charge is unrelated to a previously disclosed one of about $60 million related to a stock option investigation. CSC will restate results for the periods affected by the accounting errors when it files its 10-K for the fiscal year ended March 30, 2007, which it expects to do on or before June 13 of this year. Signs of possible accounting irregularities at CSC surfaced last Tuesday. That day, the company was supposed to announce its 2007 fourth-quarter and year-end results. Instead, CSC said it was delaying reporting the results because it needed additional time "to finalize the accounting for income taxes related to certain prior-period transactions." CSC is one of the world's largest IT services providers with about 77,000 employees and revenue of $14.6 billion in fiscal year 2006. The company is considered a particularly strong provider of IT services to government agencies.
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Fannie Mae, accused by regulators of flouting accounting rules, said yesterday it could not meet a deadline for a quarterly financial report and may be required to record
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Auditor KPMG says it isn't ready. Struggling IT services giant is also probing its bonus plan.
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Companies that make playback software say cutting-edge CPU is required--and even that may not be enough.
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Warning to employers: this might not be the best time to assign a big, complicated project.
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Would a European Commission decision cause the software maker "great harm"?
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This recent study finds that IT executives are challenged by timeliness, relevancy and sheer access to data when trying to measure the value of application development investments. Only 4% have visibility into application maintenance spending. Are you accounting for 100% of your AD value? Review this report by IDG Research & MKS today.