management team

Four Reasons Why Andreessen Horowitz Is Investing $10 Million in Belly

Tricia Duryee in Commerce on May 8 at 4:30 am PT

Andreessen Horowitz has invested $10 million in Belly, a Chicago-based company that is building a loyalty network for retailers that will replace punch cards with mobile rewards.

Tim Armstrong Makes One Last Pitch for AOL: “No More Hail Marys”

Peter Kafka in Media on December 9, 2009 at 10:15 am PT

AOL is about to cut ties to Time Warner, and CEO Tim Armstrong has been making his case to current and potential investors. Here’s one last pitch, delivered to the crowd at the annual UBS Media and Communications Conference in New York.

Ciena Snags Nortel’s Optical Business

John Paczkowski in News on November 23, 2009 at 5:30 am PT

Ciena is buying Nortel Networks’ optical networking and carrier Ethernet business after besting an offer from Nokia Siemens in a three-day auction. Ciena will pay $769 million for these assets from the now-bankrupt company, noting that they will significantly bolster its Internet infrastructure business.

Voices

Sony Bets on Online Push

Daisuke Wakabayashi, Reporter, The Wall Street Journal in News on November 20, 2009 at 10:55 am PT

As Sony Corp. scrambles to reassert its technological relevance, Chief Executive Howard Stringer is betting on a strategy for the electronics giant that focuses on adding online content to more of its gadgets. Speaking at the first joint public appearance by Sony’s new management team since a shake-up in February, Mr. Stringer said the Japanese giant is “moving faster than we’ve ever moved” to meet parallel challenges.

Mr. Hooper: Cisco CEO’s Heir Apparent?

John Paczkowski in News on July 8, 2009 at 11:35 am PT

If there was any doubt that Ned Hooper is Cisco CEO John Chambers’s likely heir apparent, it disappeared today when the company named him chief strategy officer. For Hooper, who was already waist-deep in corporate strategy at Cisco as senior vice president corporate development and head of its consumer division, this is quite a promotion.

Guess That’s What You Call a “Pre” Forma Loss, Eh?

John Paczkowski in News on June 25, 2009 at 1:19 pm PT

Too bad Palm launched the Pre a week after the close of its fiscal fourth quarter. If it had brought the device to market earlier, the quarterly results it posted Thursday afternoon might have been even better. After market close, Palm posted a narrower-than-expected loss despite a steep revenue decline, sending its shares up more than 10 percent.

Apple's Steve Jobs: "I Have Decided to Take a Medical Leave of Absence"

John Paczkowski in News on January 14, 2009 at 1:43 pm PT

Trading in Apple shares was halted this afternoon when the company announced that Apple CEO Steve Jobs is taking a medical leave of absence until the end of June. Apple COO Tim Cook will handle day-to-day operations in his absence. And Jobs is to remain involved in major strategic decisions. Jobs broke the news to investors in the following memo…

Apple’s Steve Jobs: “I Have Decided to Take a Medical Leave of Absence”

John Paczkowski in News on January 14, 2009 at 1:43 pm PT

Trading in Apple shares was halted this afternoon when the company announced that Apple CEO Steve Jobs is taking a medical leave of absence until the end of June. Apple COO Tim Cook will handle day-to-day operations in his absence. And Jobs is to remain involved in major strategic decisions. Jobs broke the news to investors in the following memo…

Alcatel-Lucent: Let's Get Small

John Paczkowski in News on December 12, 2008 at 8:50 am PT

Alcatel-Lucent, the world’s largest maker of telecommunications equipment, won’t be quite so large come 2009. This morning the struggling Franco-American network supplier said it plans to sack 1,000 managers and 5,000 contractors in a bid to bring down costs.

Alcatel-Lucent: Let’s Get Small

John Paczkowski in News on December 12, 2008 at 8:50 am PT

Alcatel-Lucent, the world’s largest maker of telecommunications equipment, won’t be quite so large come 2009. This morning the struggling Franco-American network supplier said it plans to sack 1,000 managers and 5,000 contractors in a bid to bring down costs.