Correction: Mediware Announces Departure Of COO John Damgaard

6/1/2012 4:59 PM ET

(Correction: The original article incorrectly said the company's CEO was stepping down. A corrected version follows.)

Lenexa, Kansas-based software company Mediware Information Systems, Inc. (MEDW: Quote) said Friday its Chief Operating Officer John Damgaard will step down, effective September 7, 2012. Damgaard is leaving Mediware to join a private company as its president.

Damgaard will continue in his role throughout the summer, and Mediware president and CEO Thomas Mann will use to the time to consider several options, including hiring a new COO or restructuring roles within the company.

Click here to receive FREE breaking news email alerts for Mediware Information Systems Inc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

<<Previous 69 Articles

Editors Pick

Australia Consumer Morale Falls Sharply On Budget

Confidence among Australian consumers declined sharply in May to its lowest level since August 2012, driven largely by negative responses to the Federal Budget, a survey by Westpac and Melbourne Institute showed Wednesday. The index of consumer sentiment fell 7 percent in May to 97.6 from 104.9 in April. This is the lowest reading since August 2012.

NetApp Profit Tops Estimates; Boosts Buyback; Initiates Dividend

Data-storage products maker NetApp Inc. said Tuesday after the markets closed that its fourth quarter profit fell 4% from last year, hurt mainly by higher operating expenses even as revenue grew slightly. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast.

Analog Devices Profit Meets Estimate; Outlook Weak

Analog Devices, Inc. said that its second quarter profit rose slightly from last year, helped mainly by lower income tax expenses even as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations. However, the company forecast third quarter revenue and earnings below analysts' current consensus estimates.