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Brocade Ex-CEO Sentenced to 21 Months in Options Case
2024-12-11 07:07:56| eWEEK Technology News
Brocade Communications former CEO was sentenced to 21 months in prison for backdating stock-option grants in a scandal that has ensnared scores of U.S. companies and led to billions of dollars of restatements.
Category:Information Technology
Bernanke Backs Quick Fiscal Stimulus
2024-12-11 07:07:56| eWEEK Technology News
Federal Reserve Chairman Ben Bernanke threw his support behind efforts to craft a fiscal stimulus package and repeated that the U.S. central bank was ready to act aggressively to counter recession risks.
Category:Information Technology
Time Warner to Test Internet Billing Based on Usage
2024-12-11 07:07:56| eWEEK Technology News
Time Warner Cable Inc said it is planning a trial to bill high-speed Internet subscribers based on their amount of usage rather than a flat fee, the standard industry practice.
Category:Information Technology
IBM Growth in Americas Slower than Overseas
2024-12-11 07:07:56| eWEEK Technology News
IBM said that revenue from the Americas rose 5 percent, slower than other regions as overseas units showed the strongest gains, and said computer hardware sales declined.
Category:Information Technology
Sprint to Cut 4,000 Jobs, Close 8 Percent of Stores
2024-12-11 07:07:56| eWEEK Technology News
Sprint Nextel, the #3 U.S. mobile service, will cut about 4,000 jobs and close 8 percent of its stores, predicting further pressure on its ability to attract subscribers and turn a profit in 2008.
Category:Information Technology