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San Francisco News |
| Silicon Valley mired in downturn even as the national economy improves |
| Now that the national economy is in recovery mode, the chatter in Silicon Valley is that the long-suffering technology sector may be ripe for a rebound. |
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| Napster cuts 10 percent of work force |
| n the latest sign the file-swapping service is struggling, Napster cut 10 percent of its work force this week, a move it said was prompted by longer than anticipated negotiations with major record labels. |
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| Oracle Profits, Sales Decline |
| Software giant Oracle Corp. struck a familiar theme Thursday by reporting the latest in a string of disappointing quarters and then hit a disquieting new note by warning its results won't improve before summer.
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| Legato plans to purchase OTG for $403 mln. |
| Legato Systems Inc. said that it would buy OTG Software Inc. for $403 million in a new cash-and-stock agreement. |
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| HP workers oppose the new Compaq merger |
| An independent poll commissioned by the son of a HP co-founder found that almost 2/3 of workers opposed the Compaq deal. |
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| Ciena says to purchase ONI Systems Corp. |
| Ciena Corp. said it had agreed to acquire ONI Systems Corporation for $900 million in stock in order to bolster its presence. |
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| Regional
News |
| LEGISLATIVE REPORT |
| It is shaping up to be a very pivotal year for the staffing industry in California. It is clear that the labor unions have the staffing industry in their sights and are intent on delivering a knockout blow to the industry. |
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| LandStar closes PolyTek acquisition |
| The board of directors of Phoenix-based LandStar Inc. has approved an amendment to the agreement to purchase of the PolyTek group of companies, LandStar officials announced 3/13/02. |
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| Northwest Biotherapeutics Appoints Chief Medical Officer |
| Remember last year when you complained loudly that you only got a 4 percent raise?
Today, with salary freezes and salary reductions, that sounds like an awful lot of money.
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