News (990)

  • Share price falls fuel Aussie IT buyouts?

    Huge share price falls amidst some of Australia's largest IT companies over the past few weeks have fuelled speculation about whether the industry could be about to face some degree of merger and acquisition activity.

  • Oracle writes new shopping list

    Stock crash or no, software giant Oracle late last week said it was sticking to its game plan and that meant more acquisitions.

  • Symantec inherits MessageLabs' Aussie big fish

    Symantec's acquisition of MessageLabs will give it some very large Australian customers, including QBE, Westpac Bank and Virgin Blue.

  • Jus' got the banking IT blues

    Will Suncorp chief information officer Jeff Smith stick around if the bank's rapid decline in value due to the credit crisis lead to a fire sale of several of its key divisions?

  • CBA IT overhaul gets BankWest bump

    The Commonwealth Bank of Australia today said it would merge BankWest's technology platforms with its own as part of its planned $2.1 billion acquisition of the Western Australian bank.

  • Troubled times ahead for tech?

    If you believe the US credit crisis has little to do with the technology industry, think again.

  • ATO unfazed by HP/EDS cuts

    Hewlett-Packard's move to chop about 24,600 jobs worldwide following its US$13.9 billion EDS buy might not have much impact on the merged group's operation in Australia, according to Australian Taxation Office CIO Bill Gibson.

  • McAfee bids US$465m for Secure Computing

    Security specialist McAfee on Monday in the US announced that it had a deal in place to acquire Secure Computing.

  • Samsung in US$5.85bn SanDisk offer

    Korean electronics giant Samsung has made a US$5.85 billion hostile bid to acquire US-based computer chip maker SanDisk.

  • HP silent on Aussie job cuts

    Hewlett-Packard today said it was "too early" to comment on whether Australian job cuts would result from the US$13.9 billion acquisition of EDS or even which executive would lead the combined entity locally in the immediate future.

  • CommBank CIO gets $1m pay rise

    Commonwealth Bank of Australia chief information officer Michael Harte received an increase just shy of $1 million to his total remuneration package in the 2008 financial year, according to the bank's annual report released today.

  • St George revamps data warehouse

    Australia's fifth largest bank St George has completed a refresh of its data warehouse systems on the eve of its likely merger with larger rival Westpac.

  • EDS reassures Aussie clients

    The Australian division of Texan IT services giant EDS has sent its major local clients letters assuring them that its US$13.9 billion acquisition by Hewlett-Packard wouldn't result in a drop in service levels.

  • All quiet at EDS Australia's union

    Despite the fact that outsourcer EDS is soon to be engulfed by Hewlett-Packard, the employees' union has not heard any rumblings about the merger.

  • Telecom NZ rebuffs hedge fund

    United States hedge fund Elliott International's promotion of the structural separation of Telecom New Zealand has been met with a cool response.

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