Briefs

Cisco Reports Strong Q4, Loses Key Exec

Cisco Systems Inc. last week topped Wall Street's expectations for its fourth fiscal quarter, reporting a 69% increase in net income and revenue growth of 61% for the three-month period that ended last month. But Cisco also said Donald Listwin - one of the San Jose-based company's two executive vice presidents and previously a potential successor to CEO John Chambers - is leaving to become president and CEO of a wireless and Internet communications software vendor being formed through a merger of start-ups Phone.com Inc. and Software.com Inc.

Informix to Lay Off 500 Employees

Database and tools vendor Informix Corp. said last week it will lay off nearly 500 employees as part of a restructuring plan that has condensed its five business areas into two units. After the job cuts, Informix's total head count will be approximately 3,800. Menlo Park, Calif.-based Informix also revealed it will take a third-quarter restructuring charge of between $75 million and $90 million, followed by a further restructuring charge of between $10 million and $15 million during the first half of next year.

Short Takes

Lucent Technologies Inc. in Murray Hill, N.J., is looking for a chief operating officer amid a management shake-up. Harry Bosco is retiring as group president of Lucent's optical networks unit. Patricia Russo, executive vice president and CEO of the service provider networks group, is also leaving the company. . . . Novell Inc. has appointed Carl Ledbetter as chief technology officer, filling the spot left vacant after Dave Shirk's departure last month. . . . Omaha-based Ameritrade Inc. said its CEO, Tom Lewis, has resigned from the company for personal reasons. . . . Oracle Corp. said that its Internet Application Server 8i will now support Linux and announced expanded partnerships with four Linux distribution companies.

Copyright © 2000 IDG Communications, Inc.

  
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