Feeds

Share sales shore up Softbank numbers

But ZD drags them down - sack 'em, says The Register

  • alert
  • submit to reddit

SANS - Survey on application security programs

Comdex-to-cyberspace combine Softbank has shown a 39 per cent rise in consolidated net profit but has been hit hard by difficulties at subsidiaries Kingston and Ziff Davis. Kingston was in trouble shortly after Softbank bought it, well before the Asian crisis, and Softbank also cites losses stemming from its investment in Internet companies, including Yahoo!, as dragging down profit. So although the net was Y3.29 billion (around $20 million) on sales of Y246.19 billion, Softbank actually showed a group pre-tax loss of Y2.36 billion. Hiving-off stakes in some of the subsidiaries is certainly having a short term effect in improving Softbank's numbers, but at the same cent increase in net profit for its first half, but this seems entirely due to share sales in group companies that have gone public. Otherwise Ziff-Davis, Kingston and the Web are proving heavy burdens for the Japanese giant to bear. ZD has been tightening its belt recently - in a recent memo to employees Eric 'Scrooge McDuck' Hippeau wrote that "Due to recent restructuring across the company and as part of our continuing cost-containment initiatives, we've decided to cancel the three formal holiday parties previously scheduled for December in New York City, Boston and San time the company is still investing heavily in new ventures (e.g. the joint venture with E+Trade), and it will need some of the ailing subs to turn around if its figures are going to start presenting a really positive picture. ® Click for more stories

Combat fraud and increase customer satisfaction

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.