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Technology / Business news 1234

VMware shares plunge on CEO change, slowing growth

July 08, 2008 | User rating: not shown ( 2 vote(s) ) | No comments yet

(AP) -- VMware Inc. abruptly replaced co-founder Diane Greene as chief executive Tuesday and lowered its sales outlook, triggering alarms that pounded the business software maker's shares to their lowest depths since the ...


Digital threat prompts movie industry downgrade

July 08, 2008 | User rating: 3.9 / 5 after 8 vote(s) | User comments: 2

(AP) -- A Lehman Brothers analyst downgraded the entertainment industry Monday and slashed forecasts for its five major companies, saying digital downloads of movies and TV shows posed a huge threat to profits from DVD sales ...