INFOCHAT NEWS

Archive for August 17th, 2007

Microsoft Philippines announced the promotion and appointment of Rafael “Pepeng” Rollan as its new Managing Director. Rollan will start his new role officially on October 1, 2007.
Rollan has been with Microsoft for four and a half years, where he started as sales manager for enterprise accounts. Over the last four years, Rollan worked his [...]

Lady Executive set to Leave Company Soon

Posted by: ADMIN on: August 17, 2007

A lady executive will be leaving her work in a multi-national I.T. company soon. Reason for her  supposed departure was undisclosed.
In a telephone conversation, the lady executive said she will not be divulging any information yet and will wait for the proper time to make any pronouncement. “But I am preparing for it” [...]

Dell to Restate Financials after Accounting Scandal

Posted by: ADMIN on: August 17, 2007

Dell announced that its Audit Committee has completed its independent investigation into certain accounting and financial reporting matters.
As a result of accounting errors and irregularities identified in that investigation and in additional reviews conducted by management, the Audit Committee has determined to restate the company’s financial statements relating to fiscal 2003, 2004, 2005 and 2006 [...]

Acura, Kia, Volvo best in crash test, BMW worst

Posted by: ADMIN on: August 17, 2007

Three of six large car models earn the top rating of good, but one is marginal in side impact crash tests conducted by the US Insurance Institute for Highway Safety.
The Acura RL, Kia Amanti and Volvo S80 all earned the highest safety rating. The Cadillac STS and Mercedes E-Class earned the second-highest rating.  The 2008 BMW [...]

IBM, PWC Settle Lawsuit

Posted by: ADMIN on: August 17, 2007

IBM Corporation and PriceWaterhouseCoopers have both agreed to pay the United States more than $5.2 million to settle allegations that the companies solicited and provided improper payments and other things of value on technology contracts with government agencies.
IBM has agreed to pay $2,972,038.50, while PWC will pay $2,316,662.  According to the complaints against the companies, [...]

HP 3Q Profit beats Estimates

Posted by: ADMIN on: August 17, 2007

Hewlett-Packard Co. reported a third quarter GAAP net income of $1.8 billion or $0.66 per share, up from $1.4 billion or $0.48 per share in the prior year quarter.
Non-GAAP net income for the period grew to $1.9 billion or $0.71 per share from $1.5 billion or $0.52 per share in the year-ago quarter.  Quarterly revenues totaled [...]

Software glitch hits Skype users

Posted by: ADMIN on: August 17, 2007

Skype suffered a software problem which causes many of its millions of users without service worldwide.  Users from Europe to Latin America were not able to use the popular program to make long-distance calls using their computers.
According to a Skype blog posting, Skype engineers has determined that it’s a software issue, and the problem will [...]

Symantec and Intel Working on Secure Chips

Posted by: ADMIN on: August 17, 2007

Intel and Symantec are jointly developing security products that could be built into tiny computer microprocessors, according to the Vice President of Symantec, Rowan Trollope. The program is called Project Hood and is part of an initiative by both companies to expand their use of virtualization technology, which involves using software to replicate entire computer [...]