February 16, 2000 |
Applied Materials Inc. said Tuesday that its fiscal first-quarter profit surged well beyond forecasts as chip makers bought more machines to meet demand. The semiconductor equipment maker's net income rose to $328.5 million, or 80 cents a share, from $46 million, or 12 cents, a year ago. Sales more than doubled to $1.67 billion from $742.5 million as chip makers revived mothballed plants to meet orders from computer and cell phone makers. Orders, which rose to a record $2.
February 3, 2001 |
Novell Inc. said it is carving out its caching and content networking division and creating a company called Volera, in which telecommunications equipment giant Nortel Networks Inc. and business consultant Accenture will take minority stakes. The new company will sell products and services that help accelerate the distribution of multimedia content, such as video clips and music, on the Internet.
May 19, 2004 |
Barnes & Noble Inc., the world's largest book retailer, had a fiscal first-quarter profit of $12.5 million as shoppers bought hardcover books on politics and the Iraq war such as Bob Woodward's "Plan of Attack." Net income of 17 cents a share in the quarter ended May 1 beat analysts' consensus estimate by 5 cents. A year earlier, the firm posted a net loss of $2.03 million, or 3 cents a share. Sales increased 23% to $1.45 billion, the New York-based retailer said.
August 1, 2000 |
Compaq Computer Corp. unveiled a device to help companies store reams of information on computer networks, a market where the No. 1 maker of personal computers struggled last quarter. The device, known as a network-attached storage appliance, connects to networks of servers, the machines that power Internet sites and internal systems for large companies. The market for so-called NAS devices is expected to top $6.5 billion in 2003, up from $1 billion this year, Compaq said.
May 28, 1999 |
Among the new and revised stock ratings issued Thursday by Wall Street analysts: * American Classic Voyages Co. (ticker symbol: AMCV; close and change: $17.31, up 63 cents) was raised to "buy" from "accumulate" by A.G. Edwards & Sons, with a price target of $30. * Autozone Inc. (AZO; $29.75, down $1.38) was downgraded to "market perform" from "buy" by Donaldson Lufkin & Jenrette Securities. * Compuware Corp. (CPWR; $30.
March 22, 1999 |
IBM Corp. and Novell Inc. will unveil a pact today, using Novell network software to link many office computers ready to handle electronic-commerce operations. The two companies plan to announce the pact at Brainshare, the annual Novell software developers' conference in Salt Lake City this week. Resulting products are expected to ship within two quarters, officials said.