PeopleSoft Inc. Chief Executive Officer (CEO) and President Craig Conway was shown the door on Friday by the company's board of directors, who immediately replaced him with Dave Duffield, PeopleSoft's founder and chairman.
A US$1.051 billion noncash charge recognized yesterday by Sun Microsystems Inc. for its fourth quarter of fiscal 2003 turned what had been US$12 million in net income for the period into a US$1.039 billion net loss.
Rick Belluzzo will take over as chief executive officer (CEO) of data storage systems company Quantum Corp. on Sept. 3, replacing outgoing CEO Michael Brown, the company said Thursday in a statement.
Optical networking equipment manufacturer JDS Uniphase Corp. will cut 5,000 jobs, or 20 per cent of its work force, under a restructuring proposal announced Tuesday.
Software vendor Corel Corp. yesterday said that its push toward profitability may be coming more quickly than expected, though analysts said it's still too early to tell.