VMware shares plunge on CEO change, slowing growth

User rating: 5 / 5 after 2 vote(s)

(AP) -- VMware Inc. abruptly replaced co-founder Diane Greene as chief executive Tuesday and lowered its sales outlook, triggering alarms that pounded the business software maker's shares to their lowest depths since the company's lucrative public offering 11 months ago.


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All News summaries for July 08, 2008

EBay cutting 1,600 jobs, 10 percent of work force

2 hours ago | User rating: not rated yet
(AP) -- After a series of changes designed to draw more people to its online marketplace, eBay Inc.'s latest alteration is aimed at its own employees. The auction site operator said Monday it will cut about ...

SAP says business turmoil hurting its revenue

2 hours ago | User rating: not rated yet
(AP) -- Shares of SAP AG plunged Monday after the business software maker said it saw a sudden drop in business at the end of September as global financial turmoil escalated.

Portable imaging system will help maximize public health response to natural disasters

3 hours ago | User rating: not rated yet
Researchers at the Georgia Tech Research Institute (GTRI) have developed a low-cost, high-resolution imaging system that can be attached to a helicopter to create a complete and detailed picture of an area ...

Ask.com hopes to make search faster, more relevant

4 hours ago | User rating: not rated yet
(AP) -- Assuming your company's name isn't a verb synonymous with looking things up online, how do you get Web surfers to not just try your search engine, but also frequent it?

Boston University partners in NSF challenge to create wireless network using visible light

4 hours ago | User rating: not rated yet
Boston University's College of Engineering is a partner launching a major program, under a National Science Foundation grant, to develop the next generation of wireless communications technology based on visible light instead ...
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