Cisco Systems said it would be booking a one-time tax charge of about $130 million to $150 million in its current fiscal 2009 fourth quarter after a ruling Wednesday by the U.S. Court of Appeals for the Ninth Circuit in a case between Xilinx and the Internal Revenue Service related to stock-based compensation expense.
Although not named in the case decided, th Read the rest of this entry »
I received this compelling tale from a reader on the subject I’m writing about for Sunday’s Mercury News - what the veterans of the dot-com bust think about what’s going on today:
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McAfee, the Santa Clara supplier of security software, said its chief technology officer Christopher Bolin will retire from the company on June 30, after which he will continue as a non-employee advisor to the company through Sept. 30, 2010. Bolin is set to receive a lump-sum payment of $117,500 within 30 days of Sept. 30.
Bolin, 41, took a leave of absence Read the rest of this entry »
Western Digital, the disk drive maker based in Southern California, said that demand in its current quarter is “tracking ahead of the expectations which (Western Digital) outlined in its last earnings call on April 23.” At that time, management projected sales in a range between $1.45 billion and $1.6 billion and earnings ranging from 16 to 26 cents per share.
The news was contained in a filing with the Securities and Exchange Commission ahead of Read the rest of this entry »
For Roopa this week, it’s hunting and hoping and waiting and worrying about her little boy’s finger: Read the rest of this entry »
Novellus Systems said Wednesday that Chief Executive Richard Hill will begin getting paid a base salary equal to 90 percent of his reported 2008 base salary, which was $878,000, according to the company’s last proxy, making his new base salary $790,200. Divided by 12, that amounts to about $65,850 a month.
But the reduction is effectively a raise, given that Read the rest of this entry »
Selectica, the San Jose developer of contract-management software, said Wednesday that it is delaying the release of its fiscal 2009 fourth quarter and full-year financial results as the company reviews the accounting for the sale of its Indian subsidiary.
That sale, described in a press release on April 6, involved Read the rest of this entry »
The folks over at Jobvite tell me that their recent survey on the state of recruitment revealed a compelling tidbit - many of the jobs available out there never show up on job boards. So sitting there in your pajamas firing off countless resumes might be a waste of time… Read the rest of this entry »
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