September 13, 2003 |
Cisco Systems Inc., the world's largest maker of computer-networking gear, won, with Ciena Corp., Juniper Networks Inc. and Sycamore Networks Inc., part of a $900-million Defense Department contract to build a high-speed data network, analysts said. The awards were reported in research notes from Lehman Bros., Merrill Lynch & Co. and Prudential Securities Inc. More than 250 companies vied for the project, known as GIG-BE, amid slumping demand in the industry.
July 25, 2006 |
A former analyst of defunct brokerage Robertson Stephens must pay almost $2 million for omitting from research reports key facts about his own stock holdings, a judge ruled Monday. A federal jury in New York last year found that Paul Johnson deceived investors in 1999 and 2000 by issuing research reports that didn't disclose his stake in companies he was recommending. U.S. District Judge John Keenan ordered Johnson to pay $1.99 million, less than half the $4.
November 30, 1999 |
The selector: William K. Smith, founder of Greenwich, Conn.-based Renaissance Capital, which specializes in research on initial public stock offerings, and co-manager of the $15-million IPO Plus Aftermarket Fund (ticker: IPOSX), billed as the only mutual fund of its kind. * His record: Though it got off to a modest start, the fund, which is co-managed by Smith's Wharton School colleagues Kathleen Shelton Smith and Linda R. Killian, has hit full stride amid this year's IPO craze.
November 13, 2001 |
Optical networking company Ciena Corp. said Monday that it expects fourth-quarter earnings to be in line with Wall Street's expectations despite the spending slowdown in the communications sector, sending its shares up nearly 10%. The stock rose even though Ciena also said it will cut 10% of its work force and expects to take a charge of about $1.7 billion in the fourth quarter to write down the value of certain assets.
April 7, 2001 |
Corporate layoff announcements finally took a toll on the U.S. economy last month, nudging the nation's unemployment rate up to 4.3% and slashing 86,000 jobs from U.S. payrolls, the largest job loss in almost a decade, the Labor Department said Friday. The drumbeat of layoff announcements in recent months has failed until now to show up in the nation's job numbers. But cutbacks, like this week's by Dupont Co., Inktomi Corp. and Sycamore Networks Inc.
February 17, 2004 |
The headline events in the Martha Stewart trial, entering its fourth week today, are being covered by media from around the world. Here's some of what's happening in the footnotes. Perfect pairing? Stewart is so renowned a perfectionist that satirists joke about her harvesting the flax for her linens and painting highlights on the leaves of her trees. Perhaps the trait rubs off. In testimony last week, Stewart's personal assistant, Ann E.