It's easier to retain workers these days, according to David Langstaff, president and chief executive of Veridian Corp., a 5,000-employee information technology company in Arlington, Va.
Carta of Sacramento, Calif., which tried to build a business developing Web sites for government agencies, has ceased operations. The 5-year-old firm sent nearly all its employees home after running out of money to pay them for further work.
Once again, investors will focus on earnings over the next few weeks. With so many information technology service companies ? and technology companies in general ? having pre-announced poor first quarter results, the focus will really be on the outlook for the second quarter and second of the year.
Information technology companies Litton PRC and Litton TASC will become part of Logicon Inc. as a result of Northrop Grumman Corp.'s acquisition of Litton Industries Inc.
Science Applications International Corp. of San Diego has acquired three business units of Maxwell Technologies Systems Division Inc. for its Defense Technology Group, the company announced April 2.
Electronic Data Systems Corp. announced April 2 plans to purchase Systematics AG of Hamburg, Germany, a move that will double the company's presence in Germany.
Revenue at Accenture, formerly known as Andersen Consulting, reached $10.3 billion for the year ended Dec. 31, 2000, a 10 percent increase over 1999 results and a 14 percent increase excluding the effects of currency translations.
Most investors are hiding in underground bunkers by now and have ceased their declarations that each successive market low is a definite buying opportunity. This is particularly true for technology investors with a predominance of focus on the Nasdaq.
The institutional brokerage firm and investment bank Jefferies & Company Inc. of Los Angeles has bought a 16 2/3 percent interest in Quarterdeck Investment Partners LLC. The value of the investment was not disclosed.
The institutional brokerage firm and investment bank Jefferies & Company Inc. of Los Angeles has bought a 16 2/3 percent interest in Quarterdeck Investment Partners LLC, the companies announced March 21. The value of the investment was not disclosed.
SI International Inc., a privately held information technology and telecommunications company, announced March 15 it has spun out its telecommunications business into a separate company, SI International Telecom Corp.
The barrage of phone calls and e-mails started last October, immediately after Electronic Data Systems Corp. was announced the winner of the $6.9 billion Navy-Marine Corps Intranet contract.
Since my last article in Washington Technology, the bad news has continued concerning information technology spending, with the two leading e-business services companies, Sapient Corp. and DiamondCluster, pre-announcing poor results for the second time this year.
