MOVERS & SHAKERS News

Subject: Jan2001 ECMgt.com: Year 2001 E-Commerce Predictions
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January 1, 2001 *4,100 subscribers* Volume 3, Issue 1
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  • 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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