Stories about: PaineWebber

The unfolding cliffhanger in San Francisco this week -- in which a city network administrator has been arrested for allegedly holding the network hostage -- represents an extreme example of the insider threat that IT security vendors and others have been sounding the alarm about for years.

A former Unix system administrator at Medco Health Solutions' New Jersey office has pleaded guilty in the US federal court to attempting to sabotage critical data, including individual prescription drug data, on more than 70 servers.

Australian financial services companies are supporting a Wall Street initiative to develop a customer database to help the industry in screening out suspected criminal activity.

IBM and Vignette on Thursday plan to expand a 10-month-old partnership that integrated Vignette's V/5 e-business applications with IBM's WebSphere platform.

To say that Apple Computer shocked Wall Street analysts and investors by warning late last week that earnings in its fourth fiscal quarter will be well below expectations would be a major understatement. Apple's stock plummeted 40 per cent Thursday night in after-hours trading following the announcement by the company that profits in the three-month period ending Saturday will be "substantially below" earlier projections because of slow computer sales this month.

Innovation is a great thing, as most people would agree. But there are attendant issues, such as testing and measuring, that must be addressed in order to turn innovation into a viable business. The same is true in the fiber-optic networking business.

Dan Borgmeier has had it with online trading. A 31-year-old executive at a Minneapolis Internet startup, Borgmeier set up an ETrade Group account in late 1997 and got hooked on trading after raking in $US30,000 from hot tech stocks while paying only $US2,000 in commissions.

OK, let's admit it: The news hasn't exactly been good for companies involved in the mainframe business.

Steve Schuckenbrock, who became PepsiCo Inc.'s CIO a little more than two years ago and went on to slash its IT costs by more than $50 million per year, is leaving the snack food and soft drink giant to pursue a yet-to-be-determined dream job in the New Economy.

Every weekday morning around 8:45, the floor of the New York Stock Exchange Inc. comes to life. Traders dart from broker booths to trading specialists, scribbling quotes on tiny pieces of pink paper. The specialists themselves are hard at work too, using specially designed keyboards to scroll through pages of data. This pace crescendos until the bell kicks off trading at 9:30 a.m., when it becomes downright frenetic. Scampers become sprints. Typing becomes flailing. For a few moments, the 3,300 people who live and die on the floor of the world's largest exchange are moving as quickly as humans possibly can.

One weeks ago, on the day an analyst at Lehman Brothers Holdings Inc. called Amazon.com Inc.'s [Nasdaq:AMZN] credit "weak and deteriorating," its stock plummeted 19%.