International Business News - Software http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Shares of Quest Software Inc. retreated Tuesday after a Goldman Sachs analyst downgraded the company, seeing little that could boost the stock as spending on technology slows. http://www.ibtimes.com/articles/20081202/quest-software-shares-drop-after-goldman-downgrade.htm Tue, 02 Dec 2008 19:41:37 EST Quest Software Inc. said Tuesday that the company has reached a pending settlement with the Securities and Exchange Commission in a case involving improper stock option accounting practices. http://www.ibtimes.com/articles/20081202/quest-software-stock-options-settlement-pending.htm Tue, 02 Dec 2008 10:49:05 EST Shares of Lawson Software Inc., which makes business automation software, tumbled Wednesday on fears that a big round of layoffs will hurt its ability to generate future sales. http://www.ibtimes.com/articles/20081119/lawson-software-shares-tumble-after-job-cuts.htm Wed, 19 Nov 2008 12:55:56 EST Lawson Software says it's cutting 200 jobs, or 5 percent of its worldwide work force, because of the global economic slowdown. The cuts will include 45 people at Lawson's headquarters in downtown St. Paul. The cuts will hit by the end of the year. http://www.ibtimes.com/articles/20081119/lawson-software-cutting-200-jobs.htm Wed, 19 Nov 2008 13:58:21 EST Lawson Software Inc. said late Tuesday that it will lay off 200 people by the end of the year, shrinking the company's work force by 5 percent. The business software company said economic conditions will force it to close one of its offices and cut down on discretionary spending. http://www.ibtimes.com/articles/20081118/lawson-software-to-cut-200-jobs-by-end-of-2008.htm Tue, 18 Nov 2008 16:48:37 EST JDA Software Group Inc., which makes software for retailers and manufacturers, said Wednesday it has asked i2 Technologies Inc. to adjourn its Nov. 6 shareholder meeting so the companies can negotiate a lower purchase price for i2. http://www.ibtimes.com/articles/20081105/jda-software-may-lower-purchase-price-for-i2.htm Wed, 05 Nov 2008 09:12:40 EST Enterprise software maker BMC Software Inc. raised its outlook for fiscal 2009, citing a strong first half to the year. BMC projected adjusted earnings of $2.15 to $2.25 per share for the fiscal year ending in March. The company previously forecast adjusted income of $2.10 to $2.20 per share. http://www.ibtimes.com/articles/20081030/bmc-software-lifts-fiscal-2009-outlook.htm Thu, 30 Oct 2008 16:56:41 EDT BMC Software Inc. on Thursday announced Chief Executive Bob Beauchamp would accept the additional role of chhairman. Beauchamp replaces Garland Cupp, who will become presiding director. http://www.ibtimes.com/articles/20081030/bmc-software-names-ceo-beauchamp-as-chairman.htm Thu, 30 Oct 2008 16:53:33 EDT BMC Software Inc. on Thursday reported its income declined nearly 10 percent in its fiscal second quarter, but its adjusted results topped Wall Street estimates. http://www.ibtimes.com/articles/20081030/bmc-software-earnings-slip-in-fiscal-2nd-quarter.htm Thu, 30 Oct 2008 16:36:56 EDT Shares of software makers traded mostly higher Wednesday after the Federal Reserve slashed a key interest rate by half-point to its lowest level since 2004. http://www.ibtimes.com/articles/20081029/software-makers-mostly-up-after-fed-rate-cut.htm Wed, 29 Oct 2008 15:22:27 EDT Software AG said Friday its third-quarter profit rose over 60 percent, as revenues were boosted by good product sales, licenses and maintenance contracts despite a difficult market environment. http://www.ibtimes.com/articles/20081024/software-ag-3q-net-profit-up-62-pct-to-euro31-million.htm Fri, 24 Oct 2008 06:55:15 EDT Shares of JDA Software Group Inc., whose software helps retailers and other companies track their transactions with suppliers, soared Tuesday after the company's third-quarter results came in ahead of Wall Street's expectations. http://www.ibtimes.com/articles/20081021/jda-software-shares-soar-on-3q-earns-beat.htm Tue, 21 Oct 2008 12:04:35 EDT Business software company Epicor Software Corp. said Monday it will not pursue a $566 million buyout offer from shareholder Elliott Associates LP. Hedge funds Elliott Associates and Elliott International LP offered to buy Epicor Oct. 1 for $9.50 per share, representing a 20.4 percent premium to the stock's closing price of $7.89 on Sept. 30. Based on Epicor's 59.6 million outstanding shares as of Aug. 1, the deal would be worth roughly $566 million. http://www.ibtimes.com/articles/20081014/epic-software-turns-down-hedge-fund-buyout-offer.htm Tue, 14 Oct 2008 07:52:51 EDT Cardiac diagnostics company Cardiac Science Corp. said Monday it will issue a software fix for some of its automatic external defibrillators. The company said in a statement some defibrillators made between August 2006 and March 2007 "have a component whose performance doesn't match factory software settings." Under certain conditions, the software will place the equipment in a "service required" mode. http://www.ibtimes.com/articles/20081013/cardiac-science-announces-defibrillator-correction.htm Mon, 13 Oct 2008 17:05:15 EDT Shares of Quest Software Inc. jumped Thursday after the maker of corporate software announced a stock buyback and appointed a new chief executive. The stock was up rose $1.12, or 10.6 percent, to $11.70 in midday trading. The stock has ranged from $10.31 to $18.87 over the past year. http://www.ibtimes.com/articles/20081009/quest-software-stock-up-after-buyback-ceo-switch.htm Thu, 09 Oct 2008 13:00:40 EDT Quest Software Inc., which makes software used to manage programs and data over networks and the Internet, on Wednesday replaced its chief executive officer and announced a new stock buyback plan. http://www.ibtimes.com/articles/20081008/quest-replaces-ceo-plans-buyback-of-up-to-400m.htm Wed, 08 Oct 2008 20:03:13 EDT Two former software executives grossly overstated their company's revenue to attract more than $50 million in private investment, prosecutors said Wednesday, adding that the fraud was uncovered late last month when a worker found a set of cooked financial books as she was cleaning out a desk. http://www.ibtimes.com/articles/20081008/2-former-software-executives-charged-with-fraud.htm Wed, 08 Oct 2008 21:30:33 EDT Shares of large software companies fluctuated along with the rest of Wall Street Wednesday, amid investor fears that rate cuts by global central banks would fail to avoid a worldwide recession. http://www.ibtimes.com/articles/20081008/sector-snap-software-stocks-fluctuate.htm Wed, 08 Oct 2008 13:07:28 EDT Shares of major software companies sank sharply Monday amid a widespread market decline, fueled by investors' fears that Washington's $700 billion bailout package could take a while to free up frozen credit markets. http://www.ibtimes.com/articles/20081006/shares-of-software-makers-sink-on-widespread-fears.htm Mon, 06 Oct 2008 13:41:46 EDT A Thomas Weisel analyst downgraded the infrastructure software sector to "Neutral" from "Favorable," saying checks show the economic slowdown is starting to impact the sector. http://www.ibtimes.com/articles/20081003/ahead-of-the-bell-software-sector-downgraded.htm Fri, 03 Oct 2008 08:18:55 EDT