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BUSINESS
August 24, 1997 | (James S. Granelli)
Software developer International Veronex Resources Ltd. said Friday that it has acquired a specialized software maker in a stock swap worth about $450,000. The acquisition of Mainstream Technologies Inc. in Santa Ana is expected to boost Veronex's soon-to-be released product--a program designed to fix problems associated with the year 2000, which isn't read correctly on older computers. A Veronex spokesman said the company will retain all employees and both offices.
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BUSINESS
November 21, 2012 | By Andrea Chang, Los Angeles Times
Could it get any worse for hobbling Hewlett-Packard Co.? HP's stock plummeted 12% on Tuesday to its lowest price in a decade after the company said it was writing off $8.8 billion because it was duped into overpaying for a British software maker. The surprise revelation came as HP reported another quarterly loss and gave a weak first-quarter outlook. "The magnitude of the charge is pretty enormous," said Jayson Noland, senior analyst at Robert W. Baird & Co. "It's really bad and it's really expensive and it's really distracting.
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BUSINESS
January 25, 2007 | From Bloomberg News
German engineering company Siemens agreed to buy software maker UGS Corp. for $3.5 billion, including debt, and separately announced plans to spin off its VDO automotive unit. Plano, Texas-based UGS, whose software is used by customers including General Motors Corp. to design cars, is owned by Bain Capital, Silver Lake Partners and Warburg Pincus.
BUSINESS
June 25, 2012 | Bloomberg News
Quest Software Inc., the software maker that agreed to be bought by a group led by Insight Venture Partners, said it has received a higher offer of $27.50 a share in cash, the third takeout deal the company has announced. The bid from an unidentified stategic suitor is superior to a $25.75-a-share offer Quest accepted from Insight last week, the Aliso Viejo, California-based software company said today in a statement. Dell Inc. had previously offered to acquire Quest, according to a person familiar with the matter.
BUSINESS
September 13, 2002 | Bloomberg News
IBM Corp. has bought El Segundo software maker Holosofx Inc. Financial terms weren't disclosed. Closely held Holosofx makes integration software. The acquisition will add products that link business processes such as inventory management and customer relations to the lineup at IBM, the world's largest seller of computer services. This is the third integration-software maker purchased by Armonk, N.Y.-based IBM in the last nine months. IBM shares fell $2.33 to $71.87 on the NYSE.
BUSINESS
April 17, 2001 | Reuters
Computer Associates International Inc. said its fiscal fourth-quarter results would beat the consensus expectations, crediting in part a newly adopted business model that changes the way it books revenue and gives customers more flexibility in choosing products. The software maker said it expects operating earnings of 47 cents, compared with the 43-cent average estimate of analysts polled by First Call/Thomson Financial. Revenue is expected to grow 3.6% to about $1.
BUSINESS
January 7, 2010 | By David Pierson
A Santa Barbara software maker has filed a $2.2-billion lawsuit against the Chinese government and several Chinese technology firms, accusing them of conspiring to steal and disseminate the U.S. firm's Internet filtering technology. Cybersitter, also known as Solid Oak Software Inc., alleged in a federal lawsuit filed Tuesday in Los Angeles that Chinese software makers stole thousands of codes to develop a controversial Internet filtering program that was to be installed on all personal computers in China by July 2009.
BUSINESS
June 13, 2006 | From Bloomberg News
Lockheed Martin Corp. agreed to buy closely held military software maker ISX Corp. of Camarillo to expand sales of information technology to the U.S. government. Terms weren't disclosed. ISX has 40 employees including 28 workers with secret or higher level government security clearances, said a spokesman for Bethesda, Md.-based Lockheed.
BUSINESS
July 1, 2003 | From Bloomberg News
Peregrine Systems Inc., a business management software maker in bankruptcy, has reached a partial settlement with the Securities and Exchange Commission on accounting irregularities. The settlement resolves all matters except disgorgement or civil penalties, if any, the San Diego-based company said in a statement.
BUSINESS
November 16, 1993
Rexon Inc., a disk-drive and software maker with offices in Manhattan Beach and Simi Valley, said it has signed an agreement to buy Emeritus Technologies, a Fresno software company, for about $6.3 million in stock. Rexon said the payment would be in the form of 350,000 shares of Rexon common stock and the liquidation value of a new issue of Rexon Series A convertible preferred stock redeemable at the end of five years. The deal is expected to be completed by the end of the month.
BUSINESS
November 24, 2010 | By Jessica Guynn, Los Angeles Times
Oracle Corp. won a $1.3-billion verdict Tuesday in a lawsuit in which it alleged that German business software maker SAP infringed on the copyright of the Redwood Shores, Calif., company. The verdict in the high-profile federal court case is one of the largest ever for copyright infringement. The eight-person jury in Oakland awarded the damages one day after the companies presented closing arguments. Oracle sued SAP in 2007 claiming that SAP's now-defunct U.S. business software unit, TomorrowNow, illegally downloaded Oracle software and documents to support Oracle's customers.
BUSINESS
August 28, 2010 | By Nathan Olivarez-Giles, Los Angeles Times
The bidding war between Hewlett-Packard Co. and Dell Inc. over a relatively small company, 3Par Inc., has intensified with HP's latest bid of about $2 billion. That's probably not the final bid, but there's already a clear winner: 3Par investors. The Fremont company, which makes software used in the emerging technology of cloud computing, has seen its stock climb to $32.46 a share Friday, from $9.65 before the bidding started last week. That's a jump of more than 236%. "I'm in the money right now," said 3Par stockholder Michael Mahdi of Mountain View, Calif.
BUSINESS
January 7, 2010 | By David Pierson
A Santa Barbara software maker has filed a $2.2-billion lawsuit against the Chinese government and several Chinese technology firms, accusing them of conspiring to steal and disseminate the U.S. firm's Internet filtering technology. Cybersitter, also known as Solid Oak Software Inc., alleged in a federal lawsuit filed Tuesday in Los Angeles that Chinese software makers stole thousands of codes to develop a controversial Internet filtering program that was to be installed on all personal computers in China by July 2009.
BUSINESS
November 13, 2009 | Times Wire Reports
Google Inc. acquired a maker of Internet-calling software called Gizmo5. Gizmo5's engineers will work on the Google Voice phone product. Current Gizmo5 customers will still be able to use the original service.
BUSINESS
July 29, 2009 | Times Staff and Wire Reports
Microsoft plans to open stores in Orange County and Arizona this fall. The Redmond, Wash., software maker said it signed leases at shopping centers in Mission Viejo and Scottsdale, Ariz. The stores, the company's first, will sell laptops in addition to Microsoft and third-party software, Zunes, and Xbox 360 games and consoles, Microsoft said.
BUSINESS
June 25, 2009 | Alex Pham
Id Software, creator of the Doom, Wolfenstein 3D and Quake games, has been sold to ZeniMax Media for an undisclosed amount. ZeniMax's Bethesda Softworks studio created the popular Elder Scrolls series of role-playing games. In a statement released Wednesday, ZeniMax said the development process at Id Software would remain untouched. Id will continue to operate as a studio under the direction of founder John Carmack. No changes will be made in the operations of Id's game development.
BUSINESS
February 22, 2001 | Associated Press
Microsoft Corp. will pay tiny software maker Bristol Technology Inc. an undisclosed amount to settle years of legal wrangling over Bristol's claim that Microsoft was trying to crush competition, the two companies said. Microsoft previously had been ordered to pay Bristol $1 million for unfair trade practices and $3.7 million to cover Bristol's legal fees.
BUSINESS
August 12, 1986
Ashton-Tate, whose dBase programs are the largest-selling database management software, said its new package, dBase Mac, will be available in the fourth quarter. Many software companies have shunned the Mac computer, which is not compatible with the popular IBM PC models. This is the first program for the Macintosh from Torrance-based Ashton-Tate, the third-largest personal computer software developer.
BUSINESS
March 13, 2009 | William Heisel
An Aliso Viejo software maker and three of its executives have agreed to pay the Securities and Exchange Commission more than $300,000 to settle allegations that the executives improperly altered the dates of their stock option grants to make their shares more valuable. The SEC on Thursday accused Quest Software Inc. and three current or former officers with failing to accurately account for the stock-option backdating and to report it to shareholders.
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