restructuring - News, Features, and Slideshows

News

• Symantec reportedly in talks to split into storage and security units

  Taking a cue from Hewlett-Packard and eBay, Symantec is said to be in talks to carve out the company into two entities.

• Nokia to stop India handset production after Microsoft cuts off orders

  Nokia will stop production at its mobile handset manufacturing facility near Chennai in south India after a deal with Microsoft to manufacture phones fell through.

• HP's cloud unit needs to make faster progress as the company splits

  Hewlett-Packard's break-up plan will give the company's cloud unit more room to maneuver, which it needs to make faster progress on private and public clouds. But success will still be hard fought because of a slow start.

• Should you buy an HP PC after the plan to split?

  Should you buy a Hewlett-Packard PC (or tablet, or printer)? That question that certainly is on some customers' minds after the company's announcement Monday that it will split its PC and printer operation from its enterprise, software and services business.

• HP reportedly set to split off PC, printer business

  Reversing the corporate strategy CEO Meg Whitman set three years ago, Hewlett-Packard is set to announce as early as Monday that it will split off its PC and printer business into a separate, publicly traded company, according to the Wall Street Journal.

• EBay spins off PayPal into separate company

  EBay's board of directors has approved a plan to separate the company's eBay and PayPal businesses into independent publicly traded companies next year.

• Compuware switches to private ownership

  Freeing itself from the fetters of public-investor expectations, IT infrastructure company, Compuware, is becoming privately held, with equity investment firm Thoma Bravo purchasing the company outright for approximately $US2.5 billion.

• Sprint moves on CEO, T-Mobile bid signal transition

  Mobile carrier Sprint faces an uncertain future after announcing it is replacing long-time CEO Dan Hesse and reportedly abandoning its bid to by competitor T-Mobile USA.

• Microsoft to lay off 18,000 in next year

  Microsoft has announced that it will cut its workforce by up to 18,000 jobs, or 14 per cent, in the next year, as part of a broad effort to streamline the company in the wake of its acquisition of phone-maker Nokia.

• Acer names new chairman as business struggles

  Acer named one of its co-founders, George Huang, to the post of company chairman as the Taiwanese PC maker battles to become a force in mobile devices and software.

• Gates would back Xbox spin-off

  Microsoft co-founder Bill Gates would back any move by current CEO Satya Nadella to spin off the Xbox video game console business.

• Nokia won't hand India smartphone factory over to Microsoft

  Nokia's ongoing tax dispute with Indian authorities has put an end to its plans to transfer a local smartphone factory over to Microsoft, as the software maker finalizes its takeover of the Finnish company's devices and services business..

• Juniper to lay off more than 500 and close facilities

  Juniper Networks will lay off about 6 per cent of its workforce and back out of application delivery controllers as part of a restructuring intended to cut costs and focus the company on markets where it can grow fast.

• Investor Icahn blasts eBay board, calls for company to spin off PayPal

  Investor Carl Icahn has ripped into the eBay board of directors and called for the company to spin off its PayPal unit in a colorful letter to eBay stockholders released Monday.

• Juniper unveils new operating plan to accelerate growth

  Juniper Networks, as promised, this week announced a new integrated operating plan (IOP) to refocus the company on high growth segments in the networking industry.