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BUSINESS
December 5, 1998 | Bloomberg News
Sybase Inc. said it will divide the company into four units to improve its focus in areas that are growing more rapidly than its main database business. The Emeryville, Calif.-based company has struggled to return to rapid growth in revenue and profit amid slowing demand for its database software. Sybase is trying to sell more software that links mobile computers to corporate systems, tools for developers of Internet programs and software that lets companies more efficiently use databases.
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BUSINESS
October 22, 1999 | From Times Wire Services
Coca-Cola Co. said Thursday that its profit fell 11% in the third quarter because of slow sales in Eastern Europe, Turkey and Russia and a recall in Europe. Net earnings dropped to $787 million, or 32 cents a share, from $888 million, or 36 cents a share, a year earlier--the fourth consecutive decline in quarterly earnings. The year-ago figure included 1 cent per share in one-time gains. Total sales grew 9.4% to $5.2 billion in the quarter.
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BUSINESS
October 22, 1999 | From Times Wire Services
Coca-Cola Co. said Thursday that its profit fell 11% in the third quarter because of slow sales in Eastern Europe, Turkey and Russia and a recall in Europe. Net earnings dropped to $787 million, or 32 cents a share, from $888 million, or 36 cents a share, a year earlier--the fourth consecutive decline in quarterly earnings. The year-ago figure included 1 cent per share in one-time gains. Total sales grew 9.4% to $5.2 billion in the quarter.
NEWS
March 20, 1999 | HENRY WEINSTEIN, TIMES LEGAL AFFAIRS WRITER
In a highly unusual case, a large computer company has agreed to pay $1.75 million to settle a cancer discrimination lawsuit filed by the widower of a Los Angeles woman who was fired several months after she was diagnosed with lymphoma. A Los Angeles Superior Court jury awarded Justin Beck of Westchester $621,592 to compensate him for the emotional distress and lost wages suffered by his wife, Vivian, who was fired by Sybase Inc. in April 1997 and died four months later.
BUSINESS
October 20, 1998 | JONATHAN GAW, TIMES STAFF WRITER
Irvine-based Western Digital Corp. on Monday reported its steepest quarterly loss ever, a deficit of $194.7 million that was highlighted by a one-time charge for anticipated increases in warranty charges. The company, the third-largest independent manufacturer of computer disk drives, has been bogged down by a combination of falling prices and softer demand for desktop computers, the crisis in Asian economies and its own missteps as far back as two years ago.
BUSINESS
July 3, 1996 | Times Staff and Wire Reports
Borland, Sybase Forecast Losses: Silicon Valley was hit by more bad news as the software firms said they will post losses for the latest quarter and Borland's chief executive resigned. Sybase Inc., a maker of database management and client server software, and Borland International Inc., a provider of software development tools, predicted losses for the quarter ended in June. Sybase also said it plans to cut 600 to 700 jobs, or about 10% of its 6,100-member work force.
BUSINESS
January 22, 1998 | Bloomberg News
Sybase Inc. said it expects to report a wider-than-expected fourth-quarter loss. It will also restate revenue for the first three quarters of 1997 because it learned some sales were improperly recognized. The Emeryville-based database software maker discovered its Japanese subsidiary had improperly recognized revenue from several transactions, forcing it to postpone the release of its quarterly and full-year results for another week.
BUSINESS
July 17, 1998 | From Bloomberg News
Microsoft Corp. on Thursday said its fiscal fourth-quarter profit rose 28%, beating forecasts, as the software powerhouse turned in strong sales of its Office and Windows NT programs and got a lift from its new Windows 98. Earnings for the company--whose 82% stock rise so far this year has been one of the main reasons for the Nasdaq composite index surpassing the 2,000 level Thursday--climbed to $1.36 billion, or 50 cents a diluted share, from $1.06 billion, or 40 cents, a year earlier.
BUSINESS
December 5, 1998 | Bloomberg News
Sybase Inc. said it will divide the company into four units to improve its focus in areas that are growing more rapidly than its main database business. The Emeryville, Calif.-based company has struggled to return to rapid growth in revenue and profit amid slowing demand for its database software. Sybase is trying to sell more software that links mobile computers to corporate systems, tools for developers of Internet programs and software that lets companies more efficiently use databases.
BUSINESS
October 20, 1998 | JONATHAN GAW, TIMES STAFF WRITER
Irvine-based Western Digital Corp. on Monday reported its steepest quarterly loss ever, a deficit of $194.7 million that was highlighted by a one-time charge for anticipated increases in warranty charges. The company, the third-largest independent manufacturer of computer disk drives, has been bogged down by a combination of falling prices and softer demand for desktop computers, the crisis in Asian economies and its own missteps as far back as two years ago.
BUSINESS
July 17, 1998 | From Bloomberg News
Microsoft Corp. on Thursday said its fiscal fourth-quarter profit rose 28%, beating forecasts, as the software powerhouse turned in strong sales of its Office and Windows NT programs and got a lift from its new Windows 98. Earnings for the company--whose 82% stock rise so far this year has been one of the main reasons for the Nasdaq composite index surpassing the 2,000 level Thursday--climbed to $1.36 billion, or 50 cents a diluted share, from $1.06 billion, or 40 cents, a year earlier.
BUSINESS
February 27, 1998 | From Bloomberg News
Sybase Inc. said that Chairman and Chief Executive Mitchell Kertzman will share the CEO title with President John Chen as the struggling database-software maker tries to return to profitability. The company also said it will buy back as much as $25 million of stock and take a $70-million charge in the first quarter for restructuring. Sybase said earlier this week that it would cut 600 jobs, or about 10% of its worldwide work force.
BUSINESS
January 22, 1998 | Bloomberg News
Sybase Inc. said it expects to report a wider-than-expected fourth-quarter loss. It will also restate revenue for the first three quarters of 1997 because it learned some sales were improperly recognized. The Emeryville-based database software maker discovered its Japanese subsidiary had improperly recognized revenue from several transactions, forcing it to postpone the release of its quarterly and full-year results for another week.
BUSINESS
August 27, 1997
Emeryville-based Sybase Inc. shares rose 9.3% amid speculation that IBM Corp. may be looking to buy the software maker. Its shares rose $1.63 to close at $19.13 in Nasdaq trading. Speculation about prospective IBM acquisitions also sent the stock of Utah-based network software maker Novell Inc. up 97 cents to close at $9.97. Investors are expecting the world's largest computer maker to buy something soon. "There's a feeling out there that IBM is on the prowl," analyst Gary Abbott said.
BUSINESS
February 27, 1997 | Times Staff and Wire Reports
Sybase Inc., trying to boost sales growth, will revamp its flagship database software product and most of its other programs this year, Chief Executive Mitchell Kertzman said. The lineup will include an improved version of SQL Server System 11, the company's chief database software product, by the second or third quarter and a host of development tools to let customers more easily store and retrieve information in corporate databases, Kertzman said.
BUSINESS
February 27, 1997 | Times Staff and Wire Reports
Sybase Inc., trying to boost sales growth, will revamp its flagship database software product and most of its other programs this year, Chief Executive Mitchell Kertzman said. The lineup will include an improved version of SQL Server System 11, the company's chief database software product, by the second or third quarter and a host of development tools to let customers more easily store and retrieve information in corporate databases, Kertzman said.
BUSINESS
July 3, 1996 | Times Staff and Wire Reports
Borland, Sybase Forecast Losses: Silicon Valley was hit by more bad news as the software firms said they will post losses for the latest quarter and Borland's chief executive resigned. Sybase Inc., a maker of database management and client server software, and Borland International Inc., a provider of software development tools, predicted losses for the quarter ended in June. Sybase also said it plans to cut 600 to 700 jobs, or about 10% of its 6,100-member work force.
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