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      The Buzz: June 10, 2002

      By
      eWEEK EDITORS
      -
      June 10, 2002
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        New Peregrine, Sourcefire CEOs

        Software developer Peregrine Systems was looking for stability after learning it was under federal investigation for possible accounting problems. Security company Sourcefire was looking to move up the food chain.

        Both last week hired new CEOs to help them achieve these goals.

        Peregrine, whose former CEO, Steve Gardner, resigned last month after an audit uncovered accounting irregularities regarding about $100 million in revenues during 2000 and 2001, tagged Gary Greenfield as CEO. Greenfield was previously president and CEO of software developer Merant.

        Sourcefire, an intrusion detection system maker looking to move into the top tier of security companies, hired Wayne Jackson from Aether Systems.

        Jackson replaces founder Martin Roesch, who will become the companys chief technology officer.

        Nader to U.S.: Hit Microsoft Income

        The U.S. government is spending too much time and money for too little return in pursuing Microsoft through the courts, according to Ralph Nader and the Consumer Project on Technology.

        Instead, officials should use their vast buying power to force Microsoft into giving up its monopolistic ways, Nader and James Love of the CPT said in a June 4 letter to Mitchell Daniels, director of the Office of Management and Budget.

        “The Department of Justice is spending years in court trying to restrain very modest elements of Microsofts monopoly abuses,” the two said in the letter. “The federal government spends billions of dollars on software purchases from one company that … is well known for engaging in many … anticompetitive practices. Would a business that was spending this much money be such a passive consumer?”

        Microsoft and the states pushing for harsher penalties on the company are set to give closing arguments in a hearing June 19.

        No Stopping E-Commerce

        Online retail sales continue to rise but are still dwarfed by offline sales.

        Retail Sales (in millions of dollars)

        Quarter

        Total

        E-Commerce

        Year-to-Year E-Commerce Sales Growth

        Q4 00

        $810,311

        $9,459

        72.6%

        Q1 01

        $724,224

        $8,256

        42%

        Q2 01

        $805,245

        $8,246

        29.9%

        Q3 01

        $782,088

        $8,236

        13.3%

        Q4 01

        $856,285

        $11,178

        18.2%

        Q1 02

        $743,781

        $9,849

        19.3%

        Source: U.S. Census Bureau

        eWEEK EDITORS
        eWeek editors publish top thought leaders and leading experts in emerging technology across a wide variety of Enterprise B2B sectors. Our focus is providing actionable information for today’s technology decision makers.

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