Stories by Marc Ferranti

Wall Street Beat: Business as usual for tech, but gov't crisis casts shadows

The tech sector appears to be going about business as usual in the face of the U.S. federal government shutdown, but some industry insiders are nervous about a long-term stoppage or, even worse, the possibility of a debt default if a political compromise on the budget is not reached.

Written by Marc Ferranti04 Oct. 13 20:41

Wall Street Beat: Tech IPOs, M&A continues to heat up

Several recent IPOs and eBay's US$800 million cash offer for payments startup BrainTree this week highlight what looks like a burgeoning market for tech initial public offerings and mergers and acquisitions.

Written by Marc Ferranti27 Sept. 13 21:06

Wall Street Beat: Tech starts off season on mildly upbeat note

With the U.S. Labor Day holiday marking the unofficial end of summer on the markets, tech stocks got off to a fairly positive start in the new season as several major deals and the mobile phone market came under especially intense scrutiny.

Written by Marc Ferranti06 Sept. 13 21:06

Gimme shelter: Wall Street braces for next superstorm

Heading into the heart of hurricane season 10 months after Sandy slammed the New York metropolitan area, Wall Street has had time to reassess and revamp backup plans.

Written by Marc Ferranti20 Aug. 13 12:06

Wall Street Beat: Tech shares join market slump

Though earnings from some tech vendors brightened up a week of tepid market reports, shares of IT companies broadly declined Friday along with the rest of the market.

Written by Marc Ferranti09 Aug. 13 21:05

IBM names Rometty to replace Palmisano as CEO

IBM has elected Virginia Rometty as president and chief executive officer effective Jan. 1, replacing Sam Palmisano, who will retain the chairman's role.

Written by Marc Ferranti26 Oct. 11 08:55

No letup in IT earnings mayhem

Anyone daring to hope for better financial news from IT vendors this week has been sorely disappointed, as the financial report season continues with layoff announcements by SAP, IBM, Sprint, AOL, Citrix, Texas Instruments and Eastman Kodak, as well as losses and revenue declines.
Citing a turbulent market, few tech companies offered sales forecasts, and most of those that did revised figures downward.

Written by Marc Ferranti29 Jan. 09 22:00

Ebbers found guilty of WorldCom fraud

Former WorldCom Chief Executive Officer Bernard Ebbers Tuesday was found guilty on all charges of conspiracy and fraud levelled against him in connection with US$11 billion of accounting misstatements that led to the telecommunications giant's bankruptcy, according to the United States Attorney's Office for the Southern District of New York.

Written by Marc Ferranti16 March 05 08:13