GovWorks Inc. has filed for Chapter 11 bankruptcy protection, calling itself a victim of the "growth-at-any-cost craze" that has killed a slew of Internet companies.
Northrop Grumman Corp.'s planned $5.1 billion acquisition of Litton Industries Inc. is getting favorable reviews from analysts and industry officials who see a bigger and stronger company capable of pursuing large information technology projects, including outsourcing contracts, intelligence work and complicated defense systems.
The fundamental strengths and investment appeal of government information technology and defense technology companies ? the government technology sector ? has begun to emerge within the context of the dismal overall market psychology that began to take hold in April 2000.
Affiliated Computer Services Inc. of Dallas has acquired Business Resource Corp., a subsidiary of Tyler Technologies Inc., also of Dallas, for $71 million in cash, ACS announced today.
Despite its now entrenched legacy as the year of the punishing market correction, the year 2000 is also likely to be remembered fondly by many technology companies as the year of the well-spent congressional lobbying fund.
Northrop Grumman Corp. has vaulted into the top tier of defense and information technology companies with its planned purchase of Litton Industries Inc. in a transaction worth an estimated $5.1 billion.
Competitive intelligence firm Current Analysis Inc. is bullish on prospects for Manugistics Group Inc., following the announcement that Manugistics has been awarded a basic order agreement by the NATO Consultation, Command and Control Agency.
It is surprising how quickly investors can change their views of industries and business models. Stock markets tend to magnify these views on both the upside and the downside, as selling or buying momentum combines with human emotions.
Unisys Corp. of Blue Bell, Pa., has hired an investment banking firm to explore strategic alternatives for the company's Federal Systems division, which could include the sale of the unit or the making of acquisitions, the company said Dec. 7.
The planned breakups of AT&T Corp. and WorldCom Inc. could open the door for competitors to steal federal business from the two telecommunications giants, according to industry analysts and competitors.
<b>Richard Gildea</b> is the new vice president for Navy programs, corporate business development for <b>Raytheon Co.,</b> Lexington, Mass. Gildea served as director of Raytheon's naval aviation program and before that was director of Navy business development at Hughes Aircraft Co., which merged with Raytheon. In his new position, Gildea is responsible for securing Navy business and ensuring customer satisfaction. He succeeds William C. Francis, who is retiring from Raytheon.
The love affair between market investors and technology companies is on the rocks. This is true for both mature companies and young businesses. We've come back to basics in these markets to focus on profits, cash flows and proven success.
Network Appliance Inc., a data storage and data management company, launched a federal unit Oct. 23 to chase growing e-government opportunities, such as reducing network management time, increasing bandwidth capacity and helping recover lost data.
With most of the information technology services companies having reported 2000 third-quarter earnings by now, I can summarize the results as basically unexciting, and with few signs that business will rebound in the next quarter or two.
The financial struggles that continue at one-time distribution powerhouse Merisel Inc., El Segundo, Calif., have government resellers looking on with sympathy, but the outlook for the company is not good.
