Guardian iT ends deal talks
The Times and Financial Times report that Guardian iT has ended talks connected to what it called a "substantial global acquisition". The disaster-recovery group said the failure of the deal would result in a one-off charge of £1m against second-half profits. Analysts believe Guardian was targeting the US company Comdisco. It is thought that the group may have ended talks after Comdisco became the target of a bidding war between Hewlett-Packard and SunGard.
Palm executive steps down
The head of Palm's software unit is to step down before the end of this month, according to The Financial Times. Alan Kessler, a general manager at the handheld computer maker, made his announcement just weeks after Palm said it would form a separate, wholly-owned unit for its software group, which would continue to make use of the company's infrastructure and staff services. The aim is to help Palm focus on maintaining its lead in software without the distraction of the stagnant hardware market.
Exam results dominate today's papers, with both The Independent and The Times picking up on delays in the despatch of results. One of the companies responsible for delivering the results was hit by communication problems earlier in the week, a problem that took two days to repair. However, headteachers quoted in The Independent blamed difficulties in recruiting markers and the sheer number of exams sat by students.
Best of the rest
The Financial Times reports
- Hewlett-Packard blamed dismal global economic conditions for a sharp drop in third-quarter earnings, although the IT giant still came in ahead of expectations following last month's profit warning.
- Sam Wyly, the Texan billionaire who has spent millions on a campaign to unseat the board of Computer Associates, has scaled back his demands in an attempt to win the support of shareholders. Wyly has reduced his slate of directors from 10 to four.
The Daily Telegraph reports
- Dell saw profits for the second quarter slide as the price war which it helped to start took its toll on the industry. The company slightly improved its share of the PC market, but Dell still lost $101m (£70m) after taking a charge for job cuts.
The London Metro reports
- More evidence that e-mails harm business. In a survey, employees admit to spending two and a half hours misusing e-mail. The real surprise is that more men than women use it for gossip.