Borland Software will acquire TogetherSoft, a US-based software development solutions provider, for $82.5 million in cash and more than nine million shares of Borland common stock.
The Central Bank of China has given JSE-listed Mustek permission to go ahead with the listing of its depository receipts for trade on the Taiwan Stock Exchange.
The Insider Trading Directorate is investigating trade in MB Technologies shares around the time of a management buyout announcement.
A company can increase its sales ad infinitum, but if its margins are eroding, it runs the risk of destroying the business.
LG Premium Service Centre Launch
LG South Africa has launched its premium service centre in Midrand, Johannesburg. The centre aims to make it easy for LG customers to get their LG appliances fixed directly with LG.
Spescom has reported an improved second half of its financial year, although the poor performance in the first half will affect its full-year results.
Ascential Software has announced total third quarter revenue of $30.2 million, up from $28 million posted in the second quarter.
Comparex shareholders have voted to approve the sale of the company`s European business to a management consortium for 12.7 million euros, up from the expected price tag of 10 million euros.
TymeBank announces Retail Capital buyout
TymeBank has reached an agreement with Retail Capital and its shareholders to acquire 100% of the fintech SME funder’s shares, subject to regulatory approval. #newsvideo #TymeBank #Itinbanking
Comparex`s employee share option scheme has voted against the management buyout of the group`s European operations, but analysts say this means very little.
Focusing on fewer projects and managing its resources more effectively allowed the Human Sciences Research Council (HSRC) to almost double its earnings from research contracts over the past year.
FrontRange Solutions, the 84%-owned US subsidiary of JSE-listed FrontRange, says it remains committed to achieving a "modest profit" for the year to June 2003.
Top business technology headlines 20 - 26 February 2022
A summary of the top business technology stories shared by ITWeb between 20 - 26 February 2022. Visit www.itweb.co.za for more news. #ITWebCloudDatacentresummit2022 #newsvideo #Fraudcases
AST is at risk of not meeting its targeted 9% margin for the first half of its financial year as a result of cancelled tenders and delayed customer commissioning.
Set Point Technology Holdings is to consider resuming dividend payments at the end of the 2003 financial year after its latest set of results showed the benefits of a turnaround strategy.
Hyperion has announced first quarter net income of $9.1 million and total revenues for the quarter of $119.9 million, compared to $117.3 million for the same quarter a year ago. [Local rep: Global Technology Business Intelligence]