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Thinkpad (AXcess News) San Francisco - Five thousand dollar lap dances and thousand dollar bottles of champaign are par for the course for the rich, elite high-tech executives at Savvis Communications Corp (Nasdaq: SVSS) and shareholders don't mind either - as long they don't have to pick up the tab.
According to the indictment, Jones would steal various IBM and Penguin computer servers from Verisign's warehouse in Virginia and sell them to Johnson. Johnson would then sell the servers to several individuals, who would sometimes place them for sale on eBay. As a result of this scheme, the indictment alleges that Jones and Johnson caused Verisign to lose more than $120, 000 worth of computer equipment. In the indictment, Jones and Johnson are charged in three counts with causing the interstate transportation of stolen property, namely IBM 330 and 335 servers, in violation of 18 U.S.C.
Microsoft Following the exposure for Savvis CEO Robert McCormick over a lawsuit brought against McCormick by credit card company American Express (NYSE: AXP) over an unpaid bill at an exclusive private club, McCormick was placed on unpaid leave while the company "investigates" his actions.
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Laptop Computers The lawsuit, which was filed last week against McCormick and Savvis, alleging the CEO was two years late in paying $241,000 in charges he racked up at a Manhattan strip club went unpaid due to McCormick disputing the bill, butScores, the NewYork strip club,proved to American Express that every charge was authorized.
Katz runs the company with 22 paid employees and 300 volunteers who give technical support to new users and are compensated with free memberships (remember those days at AOL ). He rents space in two AT&T data centers, one in Manhattan, another inSecaucus, N.J., with $700, 000 worth of computer equipment, end servers from Dell Computer and five IBM Unix servers. The $2 million annual payroll is his biggest expense.
Laptop Computer Now, McCormick is out on his ear and will most likely stay out if the suit does not go in his favor. Which according to American Express is of no matter - as long as the bill gets paid.
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Desktop Computer Shares of Savvis closed down 4 cents, or 6.25%, to end Monday's trading session at $0.60 on nearly six timesits average trading volume.
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