When AOL Time Warner Inc. laid off 60 Mountain View-based workers Dec. 11 from its Netscape Communications Corp. unit, many believed it was the long-anticipated beginning of the end of a company that helped launch the World Wide Web.
Analysts part ways on Intel’s 2003 performance
Even though Intel Corp. recently raised its holiday quarter projections due to better-than-expected PC sales, the Santa Clara company still struggles in a love-hate relationship with Wall Street chip analysts.
Despite the recent uptick, San Francisco-based J.P. Morgan analyst Christopher Danely initiated coverage of Intel (Nasdaq: INTC) on Dec. 13 with an “underweight” rating — a way of telling investors to sell.
“Intel remains a company whose growth depends on
Oracle Q2 beats own estimates
Oracle Corp. (Nasdaq: ORCL) reported fiscal second quarter earnings Dec. 18 that beat its own projections.
The announcement came after the company’s stock closed at $10.63.
In after hours trading, Wall Street cheered. Shortly after the numbers came out, the stock’s value shot up to about $11.30.
The Redwood Shores company said net income for the quarter ending Nov. 30 came in at $535 million, or 10 cents a share, down from $549
Google dominates searches
After emerging victorious from the search engine bloodbath of the late 1990s, Yahoo Inc. now faces a fight against a company it helped put on the map.
Over the past couple of years, online users have been dumping one-time favorite Yahoo for Google Inc. as their search Web site of choice, according to a new report.
“Yahoo and Google have been battling neck-and-neck for months,” according
Venture capital fund raising at seven-year low
Although Silicon Valley still grabs the lion’s share of startup money, a new study shows venture capital investment nationwide continues to lose steam.
San Francisco-based private equity watcher VentureOne says third-quarter venture investment fund-raising of $1.2 billion was at its lowest level since the second quarter of 1995 when only $520 million was raised.
VentureOne says less money was raised because funds are investing less in startups.
“That fund-raising drop is
TRW-Northrop deal won’t sting valley
When Los Angeles-based Northrup Grumman consummates its marriage to fellow defense contractor TRW Inc. this month, layoffs may not hit the Bay Area.
“The place where jobs will be eliminated is corporate headquarters operations,” Northrop Grumman spokesman Randy Belote says, explaining TRW’s Cleveland home base is the most likely target.
That’s welcome news in Silicon Valley and Sunnyvale in particular; defense contractors have been the largest employers in the South
Roxio burning a new channel with Napster
Buying the brains behind file-sharing bad-boy Napster Inc. has Wall Street wondering whether Roxio Inc. has its sights set on becoming a full-fledged media distribution company.
What is certain, though, is the Santa Clara company is one step closer to leaving its software pure-play days behind.
Roxio closed its $5.3 million acquisition of Napster on Nov. 27 after a Delaware bankruptcy judge cleared the sale.
Under the terms, Roxio paid $5
BofA pulls back from investment banking
Looking at recent news churned out by Bank of America’s PR machine, it’s hard to tell the San Francisco-founded bank once dominated corporate financial services in Silicon Valley.
The bank, now based in Charlotte, N.C., is reducing its investment banking portfolio, cutting staff and slashing its corporate loan portfolio in half.
In a recent meeting with analysts, the banking giant said its focus is on improving earnings growth and productivity
