Archive for the ‘New Economy’ Category

eCollege(SM) Added to Russell 3000 Index

Russell indexes are widely used by investment managers for index funds and as benchmarks for both passive and active strategies. About $220 billion is invested in index funds based on Russell ‘ s indexes and an additional $850 billion is benchmarked to them. Investment managers who oversee these funds purchase shares of member stocks according […]

VCampus Announces Contract Renewals Totaling Over $2.5 Million

RESTON, VA, July 14, 2003 – VCampus Corporation (Nasdaq: VCMP), a leading provider of web-based, end-to-end e-Learning solutions, today announced that it has won contract renewals from four of its largest customers. These contract wins span the corporate, government and healthcare markets. “We are pleased to announce that two of our largest government clients, the […]

Tech jobs leave U.S. for India, Russia

SAN JOSE, California (AP) — Peter Kerrigan encouraged friends to move to Silicon Valley throughout the 1980s and ’90s, wooing them with tales of lucrative jobs in a burgeoning industry. Read the Full Article

PeopleSoft Awaits Justice Ruling

The acrimony between Lawrence J. Ellison, Oracle’s chief executive, and his former protégé, Craig Conway, the chief executive of PeopleSoft, became even more evident last week when Mr. Ellison invited financial analysts and reporters to a discourse on the current state of play.Read the Full Article

Oracle’s Ellison Calls PeopleSoft Deal Vital

Ellison said PeopleSoft’s largest stockholders have made it clear to Oracle executives in private meetings this week that they will sell their stock only if Oracle raises the price of its $5.1 billion takeover bid. Read the Full Article

EduLink Announces Agreement to Explore Implementation in China

EduLink, Inc. (OTC Bulletin Board: MYIQ) announced the signing of an agreement with Genesis Technology Group, Inc. (OTC Bulletin Board: GTEC), the first US-based Trust Member of the Shanghai Technology Stock Exchange.Read the Full Article

PeopleSoft Acts to Seal Merger Deal

The move is a setback for Oracle Corp., which launched a $5.1 billion hostile takeover bid for PeopleSoft in part to upend PeopleSoft’s pending takeover of J.D. Edwards.Read the Full Article

Struggling online training firm sells out

The assets of the company, which provides online learning material for companies in the communications space, is being acquired by Innovatia Inc. Read the Full Article

PeopleSoft Rejects Oracle Bid

The board contended that the offer “dramatically undervalues the company,” and was an effort “designed to disrupt” PeopleSoft and its planned merger with J. D. Edwards & Company. Read the Full Article

Economic crunch bites public TV

But if Big Bird and the Teletubbies looked nervous over the weekend in Miami Beach, it’s understandable: These are hard times for public broadcasters. Read the Full Article