All the week's financial news, 10/13/04
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Network World's Financial News Alert

IBM buys Systemcorp, 10/12/04

IBM Tuesday announced plans to acquire software vendor 
Systemcorp for an undisclosed amount. 
<http://www.nwfusion.com/news/2004/1012ibmsys.html?nl> 

EMC takes Dantz for SMB connections, 10/12/04

EMC has made its biggest push to date into the fast growing 
small and midsize business market with the acquisition of Dantz 
Development, a suppler of backup and recovery software. 
http://www.nwfusion.com/net.worker/news/2004/1012emctakes.html?nl> 

Hitachi, IBM to lay off 400 at hard disk drive venture, 10/12/04

Hitachi Global Storage Technologies, the business created by the 
merger of the hard-disk drive manufacturing units of Hitachi and 
IBM, Monday said it is going to lay off about 400 workers. 
<http://www.nwfusion.com/news/2004/1012hitacibmt.html?nl> 

Deutsche Telekom to reintegrate T-Online, 10/11/04

Deutsche Telekom AG, Europe's largest telecommunications 
company, has moved to strengthen its ability to provide bundled 
voice, data and video services by making an offer to buy back 
the shares of its Internet subsidiary that it doesn't already 
own. 
<http://www.nwfusion.com/news/2004/1011deutstelek.html?nl> 

Carriers speak out on consolidation, 10/11/04

Despite reports that AT&T and MCI are preparing to seek or are 
actively seeking buyers, the RBOCs are all but ruling themselves 
out as potential suitors. 
<http://www.nwfusion.com/news/2004/101104rbocs.html?nl> 

Former CA chief Kumar appears in Cannes, 10/11/04

Former Computer Associates Chairman and CEO Sanjay Kumar Monday 
made a surprise appearance at the Etre technology conference in 
Cannes, three weeks after his indictment for securities fraud 
and obstruction of justice. 
<http://www.nwfusion.com/news/2004/1011etrefor.html?nl> 

Global Crossing cuts 600 jobs, announces Q1, Q2 results, 
10/11/04

Telecommunications network vendor Global Crossing is cutting its 
workforce by 600 workers, or about 15% of its global employees, 
in a cost-saving restructuring move. 
<http://www.nwfusion.com/edge/news/2004/1011globacross.html?nl> 

Microsoft still hopes to settle with EC, exec says, 10/11/04

Microsoft still hopes to settle with the European Commission 
over the sanctions ordered against it to correct its 
anti-competitive behavior, even as its appeal of the case winds 
its way through the legal channels, a senior company executive 
said Monday. 
<http://www.nwfusion.com/news/2004/1011etremic.html?nl> 

What's your name again?, 10/11/04

Going through with a company name change is a huge decision 
considering the time and money put into establishing the 
original brand and that needs to be channeled into promoting the 
new one. Then there are the more mundane aspects of making the 
swap ... 
<http://www.nwfusion.com/news/2004/101104widernetnames.html?nl> 

Oracle-PeopleSoft battle is good for SAP, exec says, 10/10/04

Regardless of whether Oracle succeeds in its hostile takeover 
bid for PeopleSoft, market leader SAP will be the one to reap 
the benefits, an executive for the German company said on 
Sunday. 
<http://www.nwfusion.com/news/2004/1010etreora.html?nl> 

Ellison: Oracle may cut its PeopleSoft bid, 10/08/04

Soon after an Oracle director said Oracle's current $21 per 
share offer for control of PeopleSoft may not be its final bid, 
Oracle CEO Larry Ellison countered that the company is as likely 
to lower its bid as to raise it. 
<http://www.nwfusion.com/news/2004/1008ellisoracl.html?nl> 

Unisys to lay off 1,400 workers, 10/07/04

Unisys Wednesday announced it plans to cut 1,400 jobs, primarily 
in general and administrative areas, and consolidate its office 
space worldwide. The cuts represent 3.8% of the company's staff 
of 37,000. 
<http://www.nwfusion.com/news/2004/1007unisytola.html?nl> 

AT&T cuts 7,400 more jobs, 10/07/04

AT&T this week said its is laying off 7,400 more people than 
planned this year as it retreats from consumer telephony. 
<http://www.nwfusion.com/news/2004/1007att.html?nl> 

European Commission restarts clock on Oracle-Peoplesoft, 
10/07/04

The European Commission Thursday said it has restarted its 
investigation into Oracle's hostile bid to acquire PeopleSoft 
and will issue its judgement by early November at the latest. 
<http://www.nwfusion.com/news/2004/1007europcommi.html?nl> 

PeopleSoft trial airs dirty laundry, 10/07/04

As PeopleSoft and Oracle continue dragging each other into 
courtrooms across the country, the trials are bringing to light 
reams of internal documents and discussions usually hidden from 
public view. Highlights so far from this week's case in Delaware 
... 
<http://www.nwfusion.com/news/2004/1007peopltrial.html?nl>
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