Neel Mehta

Fortisphere Names Siki Giunta President and CEO

Fortisphere has named Siki Giunta its President and CEO. Giunta will bring over 20 years of corporate guidance and enterprise IT management software experience to bear in order to accelerate Fortisphere's growth and strategically guide its expansion in the rapidly expanding virtualization market. Previously, Giunta served as president and CEO of Managed Objects, a business service …

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$1 Salary for Oracle CEO

Larry Ellison, CEO of Oracle Corp., has joined the heads of both Apple Inc. and Google Inc. in accepting a $1 per year salary for fiscal 2010. In fiscal 2009 he was paid $1 million. Ellison, who founded the company in 1977, has ownership of 23.4 percent of Oracle's outstanding …

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ARRA Saves States from Deeper Dive

Though state officials have faced difficult choices as they struggle to finalize 2010 budgets across the country, it’s clear the task would have been even more grim without a crucial infusion of federal money. According to the Center on Budget and Policy Priorities, as dire as the states’ fiscal condition …

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Northrop Could Sell TASC Unit for Up to $2B

Northrop Grumman is looking to sell TASC, its unit that advises military and intelligence agencies in a deal that could be worth up to $1 to $2 billion. The Department of Defense has tightened its conflict-of-interest rules this year as ordered by Congress on firms like Northrop's TASC. Many contractors …

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Military Experts Question Efficacy of Unmanned Aircraft

Last week, Northrop Grumman stole the show at the Association for Unmanned Vehicle Systems International's conference and exhibition in Washington D.C., the largest event of its kind.  The company’s scope of offerings in unmanned vehicles is so great that E.J. “Gene“ Fraser, a VP in the company's strike and surveillance systems …

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Qwest Requested to Reconsider Internet Grant by PSC

Qwest has been asked by the Public Service Commission (PSC), which regulates utilities in the state of Montana, to reassess a federal grant proposal that would bring broadband internet access to rural areas that are currently being neglected. According to Ken Toole, Vice Chairman of PSC, Qwest is missing an …

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IBM Goes Brazilian

Move over, China and India, IBM is betting that the next developing technology hotspot will be Brazil.  The company has announced a new initiative to stimulate country’s developing technology sector. For starters, IBM will host its first-ever forum for São Paulo venture capitalists and entrepreneurs and FINEP, the Brazilian government organization dedicated …

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