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Sainsbury's tech shopping spree revealed

News As a result, trading director Mike Coupe told silicon.com that stock availability has come on significantly. Coupe said the new system, which is currently being rolled out, will give the chain a "much more accurate... [09 Oct 2009]

Facebook gets £200m boost from European investor

News DST also plans to offer to purchase at least $100m of Facebook common stock from existing stockholders whose shares have vested. Facebook announced on Tuesday a $200m investment from Digital Sky... [27 May 2009]

Sun heats up open-source with MySQL buy

News Sun said it will pay about $800m in cash for MySQL's privately held stock and will assume about $200m worth of options. Sun Microsystems are to pay $1bn for MySQL, the maker of a popular open-source... [16 Jan 2008]

Sainsbury's on track for £40m-per-year IT savings

News Sainsbury's has already taken a £290m hit writing-off automated equipment, redundant IT assets and stock losses related to that project. Supermarket Sainsbury's is ahead of schedule to achieve £40m-a-year cost savings... [21 Nov 2006]

Intel confirms 10,500 job cuts by mid-2007

News HP's profits have returned just over a year after it downsized, and its stock price has also improved. Intel announced plans on Tuesday to lay off thousands of workers over the next year after a strategic review designed... [06 Sep 2006]

Cadbury IT glitch takes £12m chunk out of profits

News Todd Stitzer, CEO of CTB's global parent company Cadbury Schweppes, cited "stock issues related to the implementation of new IT systems", adding that it had contributed to a challenging start to the year for the... [08 Jun 2006]

ITNet admits £200m takeover talks

News ITNet admitted today in a statement to the London Stock Exchange that it is in preliminary discussions "which may or may not lead to an offer for the whole issued share capital" of the company and that a further... [15 Nov 2004]

Microsoft rakes in larger-than-expected pile of cash

News The company said it spent $355m on stock repurchases last quarter, compared with $1.05bn in the same quarter a year earlier. The company also expects to boost its stock repurchases in the coming months,... [22 Oct 2004]

Sainsbury's puts brakes on IT after £290m write-off

News Another £30m in stock losses is due to the disruption caused by the new depots and IT systems. Sainsbury's has put the brakes on new IT investment and is looking to renegotiate its £1.8bn IT outsourcing contract with... [19 Oct 2004]

Lycos sold to mysterious buyer at £12bn loss

News Daum admitted that it was in the frame for the takeover after South Korean stock exchange Kosdaq demanded it clear up speculation about the deal, following reports in Spanish daily Expansion that a Korean company would... [30 Jul 2004]

Citigroup pays $126m for Indian IT services outfit

News It is now increasing its stake to 100 per cent, Mumbai-based e-Serve on Monday informed the Bombay Stock Exchange, where it is listed. Citigroup is paying about $126m to take full control of Indian IT services company... [13 Apr 2004]

No Oracle buyout - or your money back

News In addition to continuing the guarantee programme, the company said on Monday that it would repurchase $200m of its own stock, bringing more shares under its control. PeopleSoft will continue a... [15 Jan 2004]

PeopleSoft confirms job cuts and roadmap

News PeopleSoft management also announced a plan to buy back $350m worth of stock, about 18 million outstanding shares, by the end of the year. PeopleSoft has confirmed its intention to lay off up to 1,000 workers while... [05 Sep 2003]

PeopleSoft plans new supply chain apps

News PeopleSoft's new supply chain planning product is based on technology from Red Pepper, which the company acquired in 1996 for $225m in stock. PeopleSoft is planning to unveil a new set of supply chain applications, a bid... [19 Mar 2003]

MSN: Best Buy better do better by us

News As part the agreement, which was signed in April 2000, Microsoft bought $200m of Best Buy stock and agreed to promote the company's BestBuy.com online store on its MSN properties. Microsoft has said it... [17 Oct 2002]

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