Last year, our most popular post by far was “HP’s Mark Hurd made $42.5 million in fiscal 2008.” The post has drawn a whopping 254 comments, with more still coming in.
So given the interest, it seems only right to post an update with Hurd’s last salary numbers for fiscal year 2009: $24.2 million. A story in the Mercury News this week covered the basics: Read the rest of this entry »
Earlier this year, Intel announced that it would let employees exchange options that were underwater. Since then, the announcement has apparently caused quite a split among employees who love it or hate it. So in a filing today, Richard Taylor, of Intel’s HR department, sought to address the hubbub:
“Before addressing specific questions, I’d like to share some general thoughts. It appears that some employees have already decided the program has no value to them; others have decided the opposite and are vocal in their support. I have a simple request of all of you - don’t be lemmings (i.e., don’t blindly follow others)! By all means read all opinions voiced, but don’t be swayed by them. Opinions offered are just that; opinions. They reflect personal views based on an individual’s experiences.
Let’s rewind a bit and see what’s going on here.
Over the weekend at home, my wife received just about the last thing I ever expected to get from Google: A coupon in the mail. I’ve posted photos of it above. The envelope also contained a helpful brochure explaining how Google AdWords works. Pictures of that are also above.
We were both surprised and amused. Google using snail mail to send me a discount? Huh?
Here’s a couple thoughts on why I find this so odd. And I’ve submitted questions about the offer to the Google press office and will include any response I get here. Read the rest of this entry »
I wanted to post a short note to let folks know about a couple of changes here.
Elise Ackerman, one of the contributors to SiliconBeat, has left the Mercury News. Elise had been covering the Internet, among other thing.
Also, Jack Davis, our data manager, accepted a buyout. For those of you who have been following this blog for awhile know, Jack was the main force behind Docu-Drama. Jack and I started Docu-Drama as a stand-alone blog back in late summer 2007 to focus on securities filings of valley companies. Earlier this year, Docu-Drama was folded into the re-launch of Silicon Beat.
Jack’s departure will bring an end to official Docu-Drama posts.
I wanted to acknowledge Elise and Jack’s work here, and say thanks to those of you who have been reading their stuff.
Kana Software today filed news of an amendment to its loan agreement with Bridge Bank to “require” the Menlo Park maker of customer service tools to borrow $1 million from Agility Capital, which Kana did as of July 30.
The loan bears an interest rate of 15 percent Read the rest of this entry »
The management at Altera, the San Jose maker of programmable chips, “committed” today to cutting 87 jobs from its 2,700 person workforce, or about 3 percent of its staff. The cuts, expected to be mostly completed this quarter, are a result of Altera’s efforts “to lower its cost structure.” It will be the second round of job cuts this year following the company’s decision Read the rest of this entry »
A proposal on the agenda of Symantec’s Sept. 23 annual meeting calls for lowering the threshold of how much an investor owns of the company’s stock in order to have the right to call for a special meeting. Rather than listing the name of the stockholder putting forth the proposal, along with the number of Read the rest of this entry »
Infinera, the Sunnyvale supplier of digital optical networking gear to telecommunications providers, got some bad news Wednesday from one of its biggest customers. Level 3 Communications told Infinera Wednesday that it will start using another vendor of Read the rest of this entry »
Xtent, the Menlo Park development-stage medical device company that postponed a special shareholder meeting earlier this month at which it was to seek permission to liquidate its assets in order to give itself more time to discuss possible deals with interested parties, has evidently not made much progress in coming up with a deal.
The meeting, which was pushed Read the rest of this entry »
Shares of VirnetX, the developer of Internet-calling and instant messaging software that sued Microsoft in 2007 claiming the software giant infringed three of its patents, doubled in value today after the Scotts Valley company reported that the federal court hearing the suit had issued a “Markman” order that adopted interpretations of the patent claim language that it Read the rest of this entry »
Subscribe via RSS all feeds - Tech feed - O'Brien feed - Docu-Drama feed - Pink Slip 2.0 feed
