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Adobe Names Shantanu Narayen CEO

 Diaspora, IT Industry, People  Comments Off on Adobe Names Shantanu Narayen CEO
Nov 122007
 
Adobe Names Shantanu Narayen CEO

Adobe, better known as the maker of the Photoshop graphics software, the Acrobat reader and Flash browser plug-in, has named Shantanu Narayen its new CEO effective December 1.   A eight-year veteran of Adobe, Narayen is currently president and COO of the San jose, California software vendor. As COO, Narayen is currently responsible for day-to-day global operations, oversees product R&D, corporate strategy and investments as well as corporate and product marketing. Narayen will succeed Bruce Chizen, who will serve the remainder of his term on Adobe’s Board of Directors through the Spring of 2008 and continue in a strategic advisory […]

IBM to Buy Cognos for $4.9b

 IT Industry  Comments Off on IBM to Buy Cognos for $4.9b
Nov 122007
 

Continuing its string of software acquisitions, IBM is acquiring business intelligence software firm Cognos for $4.9 billion in an all cash transaction. Cognos’ products are said to be complementary to IBM’s database and middleware components. The deal values Cognos at $58 per share, 9.5% higher than its closing price on Friday. IBM executives said that as of the last quarter, Cognos’ trailing twelve month revenue was about $1 billion. Cognos has 4,000 employees worldwide and 25,000 customers.   The deal is expected to close in Q1 of next year.

Om Shanti Om Trounces Saawariya at U.S. Box Office

 Bollywood, Box Office, General  Comments Off on Om Shanti Om Trounces Saawariya at U.S. Box Office
Nov 122007
 

Bollywood superstar Shahrukh Khan’s reincarnation-based film Om Shanti Om handily beat Sanjay Leela Bhansali’s Saawariya featuring debutantes Ranbir Kapoor and Sonam Kapoor at the U.S. box office for the November 9-11 opening weekend. According to U.S. box office numbers, Om Shanti Om came in at a respectable No-11 with a weekend gross collection of $1.76 million. Eros Entertainment distributed Om Shanti Om. Based on Fyodor Dostoevsky’s novella White Nights, Saawariya was way behind at No-24 and a weekend gross of $542,192. Saawariya was produced and distributed by Sony Pictures. Om Shanti Om was released in 114 theaters in the U.S. compared to […]