- BlueLight.com
rescues failing ISP Spinway
- IBM
Pulls Off Linux Coup with Telia
- Iridium
Signs $72 Million Contract With Defense Department
- Talk
of Nokia bid for Lucent Rubbished
- Troubled
Lucent Loses Another Exec
- N.Y.
Times Wins Rights to Web Name
- The
Net's Free Ride Is Ending
- Napster
Hires Orrin Hatch Advisor As D.C. Operative
- British
Telecom Taking Prodigy To Court Over Hyperlinks
- Japan
May Break Up NTT
- Microsoft
Joins Others in Warnings Season
- Gateway
Sued Over "Misleading" Financial Results
- Tech
Investors Feel the Pain
- Egghead
Hacked and Cracked
- Pega
Systems Settles Class-Action Lawsuits
- An
Extreme Year for New Stocks
- Belgian
court to investigate alleged fraud at L&H
- VeriSign
Error Releases Customer E-Mail Addresses
- Hospital
Hack Points to Need for Standards
- Ballmer:
Let's Cut Costs, Raise Salaries
- EMC
Challenges Rival With Midrange NAS Device
- Ailing
Dotcoms Try Peddling Data
- Vodafone
in Bidding for Australian Mobile Operator
BlueLight.com
rescues failing ISP Spinway BlueLight's acquisition of troubled Internet
service provider Spinway as it was about to go out of business signals a bumpy
road ahead for the free Internet provider market. IBM
Pulls Off Linux Coup with Telia Scandinavia's largest telecom and ISP
replaces 70 Sun servers with a single S/390 G6 running Linux Iridium
Signs $72 Million Contract With Defense Department The Defense Department
has reached a $72 million, two-year deal with the Iridium Satellite LLC to provide
secure wireless communications for approximately 20,000 government workers.
Talk
of Nokia bid for Lucent Rubbished European telecoms equipment analysts
are dismissing speculation in the U.S. of a possible takeover bid by Nokia, the
world's biggest mobile phone maker, for the U.S. telecoms equipment group Lucent
Technologies, but some suggest France's Alcatel could be interested Troubled
Lucent Loses Another Exec John Hughes, a senior executive of the wireless
networks unit of Lucent Technologies Inc, is leaving "to pursue new career opportunities"
a Lucent spokesperson has confirmed. N.Y.
Times Wins Rights to Web Name The publisher of the New York Times has
been awarded the right to the internet domain name www.newyorktimes.com by a United
Nations arbitrator. The
Net's Free Ride Is Ending A slew of companies that bet that free Internet
access was the wave of the future are disappearing faster than users can push
their delete buttons. Napster
Hires Orrin Hatch Advisor As D.C. Operative Litigation-mired Napster Inc.
said that it has hired the chief counsel to the Senate Judiciary Committee as
an advisor on legal issues and as a point man for legislative maneuvering in Washington.
British
Telecom Taking Prodigy To Court Over Hyperlinks Six months after the story
first broke, British Telecom has finally started legal action for the recovery
of licence fees it says are due under a patent relating to hyperlink technology.
Japan
May Break Up NTT A government advisory panel said that telecom giant NTT
may need to be broken up if it fails to promote greater competition within the
Japanese market by late 2003. Microsoft
Joins Others in Warnings Season Microsoft became the latest victim of
the PC industry slowdown, as the company issued a revenue and earnings warning
for its second fiscal quarter. Gateway
Sued Over "Misleading" Financial Results A class action lawsuit has been
filed against computer maker Gateway Inc., alleging that the company issued a
"false and misleading" third quarter financial report that led thousands of investors
to buy stock at inflated prices. Tech
Investors Feel the Pain Tech stocks are getting clobbered after several
prominent Wall Street analysts lower their ratings on Cisco, IBM and other big-name
firms. Egghead
Hacked and Cracked Computer products e-tailer Egghead.com said that a
hacker has breached its computer systems and may have gained access to its customer
database... Pegasystems
Settles Class-Action Lawsuits Pegasystems announced this week that it
has settled two class-action lawsuits stemming from its restatement of revenues
in 1997 and 1998. An
Extreme Year for New Stocks The Year 2000 was a time of crazy contrasts
for companies that tried their luck on the public market. Companies raised more
money than ever before in initial stock offerings. Belgian
court to investigate alleged fraud at L&H In a further blow to Lernout
& Hauspie Speech Products, a court in Belgium ordered an investigation into
alleged fraudulent business practices at the embattled software vendor.
VeriSign
Error Releases Customer E-Mail Addresses In what it called an "administrative
error," one of the Internet's best-known security and identity companies, VeriSign,
released a list of e-mail addresses of more than 5,000 customers. Hospital
Hack Points to Need for Standards The recent hacking of 5,000 administrative
patient files from one of the country's top hospitals underscores the lack of
firm, clear, universal standards to ensure the security of online medical records.
Ballmer:
Let's Cut Costs, Raise Salaries A company-wide memo from Steve Ballmer
asks Microsoft employees to cut costs while raising salaries, according to the
Wall Street Journal. EMC
Challenges Rival With Midrange NAS Device EMC has introduced a new midrange
network-attached storage product to challenge those produced by Network Appliance.
Ailing
Dotcoms Try Peddling Data Teetering on the brink of destitution, many
Internet startups are turning to their last saving grace: consumer data.
Vodafone
in Bidding for Australian Mobile Operator Having spent US $2.19 billion
on Japan Telecom and US $4 billion on Eircell already this week, U.K. mobile operator
Vodafone Group has reportedly bid over US $10 billion for Australian mobile operator
C&W Optus.
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