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Seebeyond Technology Corp

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BUSINESS
June 29, 2005 | From Bloomberg News
Sun Microsystems Inc. agreed to buy SeeBeyond Technology Corp. for $387 million in cash to add software that helps websites and business programs work together. SeeBeyond investors would receive $4.25 a share, 30% more than the company's closing price Monday. The acquisition, Sun's second this month and fourth in 2005, would let the company sell software packages based on its Java technology. The deal is expected to be completed this fall. Santa Clara, Calif.
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BUSINESS
June 29, 2005 | From Bloomberg News
Sun Microsystems Inc. agreed to buy SeeBeyond Technology Corp. for $387 million in cash to add software that helps websites and business programs work together. SeeBeyond investors would receive $4.25 a share, 30% more than the company's closing price Monday. The acquisition, Sun's second this month and fourth in 2005, would let the company sell software packages based on its Java technology. The deal is expected to be completed this fall. Santa Clara, Calif.
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BUSINESS
April 2, 2002 | Bloomberg News
SeeBeyond Technology Corp., a maker of software used to link computer systems, said it won't meet revenue forecasts for the first quarter because of slowed spending by technology companies. The Monrovia company said it expects to report revenue of $42million to $42.5million, compared with the $44.5-million average forecast of analysts polled by Thomson Financial/First Call. The company also said that it expects to earn 3 cents a share, matching analyst expectations.
BUSINESS
April 24, 2002
* Agere Systems Inc., which Lucent Technologies Inc. plans to spin off, said its fiscal second-quarter loss widened as sales plunged by more than half. The loss grew to $219 million, or 13 cents a share, from $148 million, or 15 cents, a year earlier. Sales in the quarter fell to $551 million from $1.19 billion. * XM Satellite Radio Holdings Inc., the first U.S. satellite radio broadcaster, had a wider first-quarter loss as costs more than doubled. The loss widened to $112.3 million, or $1.
BUSINESS
October 4, 2001
* SeeBeyond Technology Corp. of Monrovia named former Oracle Corp. President Raymond Lane, a SeeBeyond director for four years, as chairman of the board. SeeBeyond also announced that sales in the third quarter were about $41 million, short of expectations, and that it will report a loss for the period of 6 cents to 7 cents a share before restructuring and other costs. Shares of the maker of systems integration software for corporations rose 41 cents, to $2.
BUSINESS
October 4, 2001 | JOSEPH MENN, TIMES STAFF WRITER
SeeBeyond Technology Corp. of Monrovia named former Oracle Corp. President Raymond Lane, a SeeBeyond director for four years, as chairman of the board. SeeBeyond also announced that sales in the third quarter were about $41 million, short of expectations, and that it will report a loss for the period of 6 cents to 7 cents a share before restructuring and other costs. Shares of the maker of systems integration software for corporations rose 41 cents, to $2.
BUSINESS
July 27, 2005 | From Associated Press
Sun Microsystems Inc. reported fiscal fourth-quarter results Tuesday that beat Wall Street expectations. The server and software maker said demand had stabilized after a long decline that started with the dot-com bust of 2000. For the period ended June 30, Sun reported net income of $121 million, or 4 cents a share, compared with $783 million, or 23 cents, in the same period in 2004. The year-earlier profit included $1.6 billion from a settlement with Microsoft Corp.
BUSINESS
October 31, 2001 | DEEPA BABINGTON, REUTERS
Accenture Ltd. investors may have been surprised recently when the firm said it would take a $40-million third-quarter charge for the Sept. 11 terrorist attacks. After all, accounting rule-makers, in a much-publicized decision in late September, had said companies must include costs related to the attacks as part of their continuing operations and not present them as "extraordinary" one-time charges. But Accenture is just one of many U.S.
BUSINESS
October 23, 2001 | Times Staff and Wire Reports
Regional phone giant SBC Communications Inc., which owns California's largest phone company, said Monday it will eliminate "several thousand" jobs and reduce spending on an Internet project after third-quarter profit fell 31%. SBC executives will spend the next few weeks deciding exactly how many jobs will be cut and where the layoffs will be. California, with 60,500 of the company's 216,000 employees, likely will be "hit the hardest," a spokesman for the San Antonio, Texas, company said.
BUSINESS
July 24, 2002 | DAVID COLKER, TIMES STAFF WRITER
Losses at Amazon.com Inc. were cut nearly in half in the second quarter as the online retailer cut prices and offered shipping discounts to lure new customers and boost sales. The Seattle-based company said Tuesday that it lost $94 million, or 25 cents a share, down significantly from its loss of $168 million, or 47 cents a share, in the same period last year. Quarterly sales grew 21% to $805.6 million from $667.6 million in 2001.
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