October 31, 2000 |
Steve Young, the former San Francisco 49ers quarterback and a two-time NFL Most Valuable Player, joined the board of Foundry Networks Inc., a maker of computer-network switches that run the Internet. Young, 39, who retired from football in June after suffering four concussions in the prior three years, is chairman of Found Inc., a closely held provider of services and software for managing retail and manufacturing over the Internet. Foundry shares fell $10 to $65.
May 29, 2003 |
Lucent Technologies Inc., the biggest telephone equipment maker in the nation, sued California-based rivals Extreme Networks Inc. and Foundry Networks Inc. on Wednesday in federal court in Delaware over five patents for managing communications data. The suit contends that the two companies are making and selling equipment that uses Lucent's patented inventions for organizing voice and data transmissions.
October 9, 2001 |
Trading in Extreme Networks Inc. and Viasource Communications Inc. was halted for about two hours Monday after a fake news release saying Extreme offered to buy Viasource was published on the Internet. The message was posted to Yahoo Inc.'s Viasource bulletin board by an anonymous user. The phony release was made up to look as if it came from PR Newswire and was dated Oct. 9. Yahoo deleted the message after being contacted by PR Newswire, which distributes news releases.
April 10, 1999 |
In an innovative first-time stock offering that allowed individual investors to set share prices and buy stock directly online, Ravenswood Winery Inc. of Sonoma's stock rose 38 cents Friday to close at $10.88 in its Nasdaq debut. The initial public offering, or IPO, was priced Thursday night at $10.50 a share and was underwritten by San Francisco investment bank W.R. Hambrecht & Co. through its "OpenIPO" system.
January 28, 2008 |
Portfolio managers may be dizzy after the recent gymnastics in a market that's had an unhappy new year. That hasn't stopped a few from dumpster diving. The Federal Reserve's big interest-rate cut last week put a shine on at least a few tarnished financial stocks, and selected tech issues are getting some love.
August 7, 2002 |
Computer networking giant Cisco Systems Inc. beat Wall Street expectations Tuesday with strong quarterly profit, but the results don't necessarily mean the beleaguered tech sector has finally glimpsed the light at the end of the tunnel. San Jose-based Cisco said net income for its fiscal fourth quarter ballooned to $772 million, or 10 cents a share, up dramatically from $7 million, or less than a penny a share, in the same period last year.