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BUSINESS
February 2, 2000
ZLand.com, an Aliso Viejo developer of Web-based business software, said it acquired the accounting software business of a Moorpark company. Terms of the deal with Central Technologies Inc. were not disclosed.
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BUSINESS
February 2, 2014 | By Jonathan Guthrie
When asked how he went bankrupt, a character in Ernest Hemingway's novel "The Sun Also Rises" replies: "Two ways. Gradually and then suddenly. " This neat summation of how business failure creeps up on victims is quoted in "Big Bang Disruption: Strategy In The Age of Devastating Innovation," a new book with more than a whiff of apocalyptic prophecy about it. The book, published by Portfolio Hardcover, plays to the belief that technology has...
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BUSINESS
November 20, 1998 | Bloomberg News
Cendant Corp., a direct marketer and franchiser stung by accounting fraud this year, plans to sell its software business to French utility Vivendi for about $1 billion in cash, said a person close to the transaction. The unit is one of the world's largest makers of computer games and educational software. It had revenue last year of $433.7 million. The sale could result in an after-tax gain of about $450 million for Cendant, the source said. Parsippany, N.J.
BUSINESS
July 1, 2013 | By Chris O'Brien
Even in a place where the seemingly fantastic happens on a daily basis, the events of last week involving Oracle Inc. left many long-time observers of the tech scene in Silicon Valley stunned. Oracle, the Redwood City giant best known for its database software, announced a series of partnerships with two sworn blood enemies (Microsoft and Salesforce.com) and another rival with whom it has a complicated relationship (NetSuite). This followed by a few weeks another deal with a rival, Dell.
BUSINESS
July 3, 2012 | By Ryan Faughnder, Los Angeles Times
Computer giant Dell Inc., facing falling demand for personal computers, made one of its biggest moves yet to bolster its software business. Outbidding rivals, Dell said Monday that it agreed to acquire Orange County software developer Quest Software Inc. for $2.4 billion. The acquisition will boost its software offerings to businesses and governments, Dell said. The deal ends a months-long bidding war that saw offers for Aliso Viejo-based Quest rise from an initial bid of $2 billion from a private investment firm.
BUSINESS
October 21, 2000
* Cisco Systems Inc. agreed to buy a software business from CAIS Internet Inc. for about $170 million in cash and stock. The San Diego-based unit develops the software to manage high-speed Internet services in hotels, apartments, airports and office buildings.
BUSINESS
January 8, 1993 | DEAN TAKAHASHI, TIMES STAFF WRITER
Micro Technology Inc. said Thursday that it will freeze further development of its Lance network management software business, focusing instead on its network and storage products businesses. Micro Technology formed the software business two years ago as part of a diversification plan. It set up a separate division, Lexcel, in Fullerton that once employed 50 people. Company officials had said then that they eventually expected to hire as many as 50 more people there.
BUSINESS
February 26, 1991 | CARLA LAZZARESCHI, TIMES STAFF WRITER
In its first major step toward rebuilding its sagging personal computer software business, WordStar International said Monday that it has tentatively agreed to acquire Lifetree Software. The deal would give WordStar, the Novato, Calif.-based publisher of the No. 3 word processing software program, a new entry into the fast-growing category of writing-assistance software.
BUSINESS
July 3, 2012 | By Ryan Faughnder, Los Angeles Times
Computer giant Dell Inc., facing falling demand for personal computers, made one of its biggest moves yet to bolster its software business. Outbidding rivals, Dell said Monday that it agreed to acquire Orange County software developer Quest Software Inc. for $2.4 billion. The acquisition will boost its software offerings to businesses and governments, Dell said. The deal ends a months-long bidding war that saw offers for Aliso Viejo-based Quest rise from an initial bid of $2 billion from a private investment firm.
BUSINESS
June 13, 2012 | By Tiffany Hsu
Dell Inc. said it is looking to excise more than $2 billion in costs over the next three years as it tries to move away from personal computers toward more profitable software and services. The company is trying to recast itself as a broader technology company "unencumbered by a legacy of old stuff," said Chief Executive Michael Dell at an analyst meeting in Texas, where Dell is based. Most of the cuts will come from Dell's supply chain and sales groups, executives said. The PC business will be scaled down with a roughly $1-billion reduction over the next few years.
BUSINESS
August 11, 2006 | Cynthia H. Cho, Times Staff Writer
IBM Corp. said Thursday that it would buy Costa Mesa-based FileNet Corp. for $1.6 billion in cash as the technology giant expands its software offerings. But FileNet stock jumped above IBM's offer price of $35 a share, indicating that some on Wall Street expect a bidding war for the maker of software that helps companies manage data traffic. IBM's offer represented a slight premium to FileNet's closing price Wednesday of $34.65. The shares closed Thursday at $36.17, up $1.52.
NEWS
January 24, 2002 | Bloomberg News
Palm Inc., the No. 1 maker of electronic organizers, separated its Palm OS business into a wholly owned subsidiary to license the software for hand-held computers. Palm, which makes hand-held computers, also makes the Palm OS software used on more than 20 million hand-held computer devices. Palm said that as of November, 82% of all hand-held computers use the Palm operating system. Palm, which also licenses the operating system to other device makers such as Sony Corp. and Handspring Inc.
BUSINESS
May 17, 2001 | ALEX PHAM, TIMES STAFF WRITER
With three electronics titans spending a combined $1 billion over the next year to impress the public with their latest gadgetry, the video game console business might seem pretty lucrative. In fact, Microsoft Corp., Nintendo Co. and Sony Corp. all expect to barely break even or lose huge amounts of money on every one of the high-tech boxes they sell. For example, Microsoft, which will launch its $299 Xbox on Nov.
BUSINESS
October 21, 2000
* Cisco Systems Inc. agreed to buy a software business from CAIS Internet Inc. for about $170 million in cash and stock. The San Diego-based unit develops the software to manage high-speed Internet services in hotels, apartments, airports and office buildings.
BUSINESS
June 13, 2012 | By Tiffany Hsu
Dell Inc. said it is looking to excise more than $2 billion in costs over the next three years as it tries to move away from personal computers toward more profitable software and services. The company is trying to recast itself as a broader technology company "unencumbered by a legacy of old stuff," said Chief Executive Michael Dell at an analyst meeting in Texas, where Dell is based. Most of the cuts will come from Dell's supply chain and sales groups, executives said. The PC business will be scaled down with a roughly $1-billion reduction over the next few years.
BUSINESS
February 2, 2000
ZLand.com, an Aliso Viejo developer of Web-based business software, said it acquired the accounting software business of a Moorpark company. Terms of the deal with Central Technologies Inc. were not disclosed.
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