Another tech company has announced it is conducting internal investigations into their options grant practices. This time it is Novell, a company known for its NetWare network operating system and more recently as a Linux company. Novell said its audit committee began the investigation because of news about irregularities in the way that dozens ofContinue reading “Novell investigating its options grants”
Tech companies are the primary focus of the SEC’s recently announced and currently ongoing investigation into options dating irregularities, which makes sense given their proclivity for awarding stock options as part of compensation packages with employees. An article in BusinessWeek documents what tech company executives have recently termed a “witch hunt”: Many executives are surprisedContinue reading “Options backdating investigation not making the SEC any friends”
Microsoft has invited the Firefox guys up to Redmond to test Firefox and Thunderbird on Vista to ensure compatibility. The move isn’t entirely unexpected, after all, Firefox has been steadily eating into Internet Explorer’s market share ever since it was released. It isn’t a wholly benevolent move, however. Microsoft is making sure all the bigContinue reading “Microsoft invites Firefox developers to test for Vista”
We’ve all been wondering just what Microsoft was going to do with that massive reserve of cash it’s been sitting on for years, not unlike a corporate Smaug. Turns out, they’re buying some shares in themselves. It isn’t news that Microsoft is buying back some of their shares, but what is news is that theyContinue reading “Microsoft splurges on more Microsoft stock”
Digg, a still relatively new web 2.0 site which previously focused primarily on technology and other geeky news, has expanded its coverage to include broader topics. For instance, business and finance. Time will tell if their readers are as adept at ranking interesting stories in other topics, which is its strength.