Nadia's Feed
Oct 1, 2013

Exclusive: Time for Gates to go, some top Microsoft investors tell board

NEW YORK/SEATTLE (Reuters) – Three of the top 20 investors in Microsoft Corp are lobbying the board to press for Bill Gates to step down as chairman of the software company he co-founded 38 years ago, according to people familiar with matter.

While Microsoft Chief Executive Steve Ballmer has been under pressure for years to improve the company’s performance and share price, this appears to be the first time that major shareholders are taking aim at Gates, who remains one of the most respected and influential figures in technology.

Sep 25, 2013

Exclusive: Nokia weighs Alcatel tie-up after Microsoft deal – sources

NEW YORK/HELSINKI (Reuters) – Nokia is discussing internally whether to approach French rival Alcatel-Lucent about a tie-up, part of the Finnish company’s review of how it can grow after the planned sale of its handset business to Microsoft Corp, several people close to the matter said.

No formal talks are underway with Alcatel-Lucent, the sources said. One of the people close to the matter said Nokia held “on again, off again” discussions about buying Alcatel’s wireless business as recently as late 2012 and that the two companies could still come back to the table.

Sep 25, 2013

Nokia weighs Alcatel tie-up after Microsoft deal -sources

NEW YORK/HELSINKI, Sept 25 (Reuters) – Nokia (NOK1V.HE: Quote, Profile, Research) is
discussing internally whether to approach French rival
Alcatel-Lucent (ALUA.PA: Quote, Profile, Research) about a tie-up, part of the Finnish
company’s review of how it can grow after the planned sale of
its handset business to Microsoft Corp (MSFT.O: Quote, Profile, Research), several people
close to the matter said.

No formal talks are underway with Alcatel-Lucent, the
sources said. One of the people close to the matter said Nokia
held “on again, off again” discussions about buying Alcatel’s
wireless business as recently as late 2012 and that the two
companies could still come back to the table.

Sep 14, 2013

BlackBerry bidders may want to carve up business: sources

NEW YORK (Reuters) – A handful of potential bidders, including private equity firms, are lining up to look at BlackBerry Ltd (BBRY.O: Quote, Profile, Research) (BB.TO: Quote, Profile, Research), but initial indications suggest that interest is tepid and buyers are eyeing parts of the Canadian smartphone maker rather than the whole company, several sources familiar with the situation said.

Private equity firms are mostly interested in businesses such as BlackBerry’s operating system and the patents around its keyboard, two of the sources said. However, one possibility is for a Canadian pension fund to team up with an investor to buy the whole company, which is currently worth a little more than $5 billion, one of the sources said.

Sep 13, 2013

Exclusive: BlackBerry bidders may want to carve up business – sources

NEW YORK (Reuters) – A handful of potential bidders, including private equity firms, are lining up to look at BlackBerry Ltd, but initial indications suggest that interest is tepid and buyers are eyeing parts of the Canadian smartphone maker rather than the whole company, several sources familiar with the situation said.

Private equity firms are mostly interested in businesses such as BlackBerry’s operating system and the patents around its keyboard, two of the sources said. However, one possibility is for a Canadian pension fund to team up with an investor to buy the whole company, which is currently worth a little more than $5 billion, one of the sources said.

Sep 10, 2013

Cisco enters data storage market with purchase of Whiptail

By Nicola Leske and Nadia Damouni

(Reuters) – Cisco Systems Inc on Tuesday announced its first foray into the data storage market, saying it would pay $415 million to acquire privately held storage system maker Whiptail.

Cisco said it will pay cash and incentives for the acquisition, expected to close in the first quarter of 2014.

Sep 10, 2013

Exclusive: Microsoft urged to put Mulally, Lawrie on CEO shortlist

By Nadia Damouni

(Reuters) – At least three of the top 20 investors in Microsoft Corp want a turnaround expert to succeed Steve Ballmer as chief executive and have urged the technology giant’s board to consider Ford Motor Co CEO Alan Mulally and Computer Sciences Corp CEO Mike Lawrie for the job, several sources familiar with the matter said.

The special committee of the board, which is conducting the CEO search, and its advisers have been meeting with shareholders after Ballmer’s surprise decision late last month to retire within a year, the sources said. It could name a CEO as soon as the end of this year, the sources said.

Sep 10, 2013

Microsoft urged to put Mulally, Lawrie on CEO shortlist

Sept 10 (Reuters) – At least three of the top 20 investors
in Microsoft Corp (MSFT.O: Quote, Profile, Research) want a turnaround expert to succeed
Steve Ballmer as chief executive and have urged the technology
giant’s board to consider Ford Motor Co (F.N: Quote, Profile, Research) CEO Alan Mulally
and Computer Sciences Corp (CSC.N: Quote, Profile, Research) CEO Mike Lawrie for the job,
several sources familiar with the matter said.

The special committee of the board, which is conducting the
CEO search, and its advisers have been meeting with shareholders
after Ballmer’s surprise decision late last month to retire
within a year, the sources said. It could name a CEO as soon as
the end of this year, the sources said.

Aug 28, 2013

Highest-paid U.S. CEOs are often fired or fined: study

NEW YORK (Reuters) – About 40 percent of the highest-paid CEOs in the United States over the past 20 years eventually ended up being fired, paying fraud-related fines or settlements, or accepting government bailout money, according to a study released on Wednesday.

The report by the Institute for Policy Studies, a left-leaning think tank, said that chief executives for large companies received about 354 times as much pay as the average American worker in 2012. That gap has soared since 1993, when CEOs for big companies received about 195 times as much.

Aug 21, 2013

JPMorgan close to picking two new directors: source

NEW YORK (Reuters) – JPMorgan Chase & Co (JPM.N: Quote, Profile, Research, Stock Buzz) is close to naming two new directors with finance and risk management expertise to its board, a source close to the matter said, as the largest U.S. bank faces a new wave of regulatory scrutiny.

The bank has identified the candidates but the board has not yet voted on them, the source said on Tuesday, adding that a decision is likely to come in September. The names of the candidates could not be learned, although sources have said that Chairman and Chief Executive Jamie Dimon has extensive say in who is named to the board.