Computer Sciences Corp. stock rapidly rose just before markets opened today in New York when an industry analyst cited the company as an attractive takeover target for a private-equity company.
Reaction to the large number of executives leaving Lockheed Martin as part of a buyout program has ranged from "good riddance" to "send me your résumé."
Lockheed Martin's executive buyout program will have a broader impact on the market than just thinning the ranks at one company, says Washington Technology Editor Nick Wakeman.
Mark Bohannon, former senior vice president of the trade group Software & Information Industry Association, will join Red Hat Inc. on Oct. 1 as vice president of corporate affairs and global public policy.
Regulatory councils increased the minimum amount at which a company must draw up a subcontracting plan, but small businesses may lose out on contracts.
Harris Corp. has named Mike Deloney vice president and general manager of Defense Department Programs for its IT services business, succeeding John Heller, who was named president of Harris IT Services earlier this month.
After a seesaw battle of competing bids, Hewlett-Packard Co. outbid Dell Corp. for 3PAR Inc. They have entered into a definitive agreement under which HP will purchase 3PAR, a leading global provider of utility storage, through a cash tender offer of $33 per share in cash, or an enterprise value of $2.35 billion.
State and local governments are looking to IT investments to increase productivity in education, general government services and law enforcement/public safety during the next five years, the market research firm Input says.
John Hassoun has joined ATS Corp. as senior vice president of federal programs. He comes from Global Strategies Group, an international risk management services company in Dubai.
Acquisition Solutions Inc., a public-sector consulting company, has formally changed its name today to ASI Government to reflect its intention to specialize in performance management solutions for the government.
Although nontraditional buyers dominate acquisition activity in the federal sector, traditional buyers are by no means out of the acquisition business, says John Allen of BB&T Capital Markets Windsor Group.
