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Business Briefs: November 15, 2008


By SD Times News Team
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November 15, 2008 —  IBM’s board of directors declared a regular quarterly cash dividend of US$0.50 per common share, payable Dec. 10 of this year, to stockholders of record as of Nov. 10, 2008. With the payment of the Dec. 10 dividend, IBM will have paid 372 consecutive quarterly dividends, starting in 1916.

Oracle agreed to acquire Haley Ltd., a provider of policy modeling and automation software for social services. Oracle executives said the company expects to create a packaged software solution for social service agencies by tying its ERP and Siebel CRM applications with a case-management application that utilizes Haley’s policy automation platform.  

San Diego-based Science Applications International Corp., an engineering company, signed a US$300 million five-year contract with the U.S. Department of Education to provide software development services for creating applications for the Office of Federal Student Aid (FSA). The FSA is a provider of government-guaranteed funding for students.

Sun Microsystems co-founder Andy Bechtolsheim is reducing his time at the company to focus on his recently founded Arista Networks, which creates a high-speed Ethernet switch. Bechtolsheim was serving as Sun’s chief server architect, but will shift to part-time work while still playing a big role in product design, the company said. The 53-year-old Bechtolsheim is credited for inventing Sun’s first product, a high-powered workstation computer.

Earnings
CA announced revenues for the second quarter of fiscal year 2009 of US$1.107 billion, up 4% from the $1.067 billion reported in the same period last fiscal year. The company reported second-quarter operating expenses of $762 million, down 2% from the $779 million reported in the prior-year period.

EMC reported fiscal 2008 third-quarter revenues of US$3.7 billion, an increase of 13% over the $3.3 billion reported for the third quarter of 2007. The company said this was a record third-quarter revenue and its 21st consecutive quarter of double-digit year-over-year revenue growth. Third-quarter non-GAAP net income was $528 million, 14% higher than the non-GAAP earnings for the year-ago period.

Microsoft announced revenues of US$15.06 billion for the fiscal quarter that ended Sept. 30, a 9% increase over the same period the year prior. Multiyear annuity sales grew more than 20% during the quarter from the combined earnings of Microsoft’s business division and server and tools division. Microsoft also said it expects revenue for the quarter ending Dec. 31 to be in the range of $17.3 billion to $17.8 billion.




Related Search Term(s): finances, modeling, servers, Arista, CA, EMC, Haley, IBM, Microsoft, Oracle, SAIC, Sun


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