News »

  • Dot-coms juggle dot-gone options

    Free-falling dot-com share values have driven some online companies to re-issue now-worthless employee stock options in an effort to keep morale up amid the market downturn.

  • IBM staffers take pension fight to annual meeting

    One day before IBM Corp.'s highly anticipated first-quarter 2001 earnings report, a group of IBM employees held a press conference to call attention to a controversial resolution regarding pension benefits scheduled for a vote at next week's shareholder meeting.

  • Judge might order H1-B recruiter to pay legal fees

    A company that recruits workers to the U.S. under the H-1B visa program might have to pay the legal fees of an employee it recruited from India who sued the company when it tried to make him pay tens of thousands of dollars in fees and expenses for breaking his employment contract.

  • IBM meets expectations, net income up 15 percent

    Amidst a dreary earnings season, IBM Corp. stood out by meeting analyst estimates in posting earnings per share of US$0.98, the consensus figure of analysts polled by First Call/ Thomson Financial.

  • Microsoft: Get ready for XML Web services

    Web services based on XML (Extensible Markup Language) are becoming an essential part of computing and companies should take the emergence of this technology into consideration as they plan the development of their IT infrastructures, a Microsoft Corp. official said Wednesday at the company's Latin America Enterprise Solutions Conference 2001 in Miami.

  • AOL Time Warner revenue rises, loss narrows

    AOL Time Warner Inc. on Wednesday reported a 9 percent increase in revenue for its first quarter as the media conglomerate saw gains in subscription, advertising and content revenue. Still, the company said it will post a net loss of US$1.4 billion or $0.31 a share for the quarter ending March 31. The loss is because of merger-related expenses and pretax non-cash charges of $620 million, reflecting the write-down of certain investments in the AOL Time Warner investment portfolio, AOL Time Warner said in a statement. This year's loss compares to a loss of $1.5 billion or $0.34 a share for the same quarter last year.

  • HP unveils new server appliances

    Hewlett-Packard beefed up its hardware line Wednesday with the release of 19 new server appliances designed to handle specialized Internet content management functions.

  • 'Matcher' virus fails to spread the love

    Remember the song "Looking for love in all the wrong places?" Well, security firm Trend Micro Inc. Wednesday found yet another place where love is promised, but only trouble is delivered.

  • IBM GSA bets on analytics for CRM's next leap

    IBM's services subsidiary IBM GSA is backing analytic functionality as the next phase of customer relationship management (CRM), releasing a branded services-based offering.

  • Billion dollar online banking scam unravels

    Authorities have arrested two individuals in Switzerland and another two in San Francisco in connection with an Internet banking scam worth some $US3.9 billion, said the International Chamber of Commerce (ICC), which monitors banking fraud.

  • Paging problems hit emergency network

    NSW rural emergency services volunteers' paging network has been troubled over the past several months, according to concerns NSW Minister for Emergency Services Bob Debus raised recently in Parliament.

  • ASP exports to Middle East

    An Australian application services provider (ASP) Cavillon Systems has signed a five-year, multimillion agreement with an Egyptian distributor to export to the Middle East.

  • VA Linux launches NAS appliance

    VA Linux Systems began shipping on Tuesday its latest network-attached storage (NAS) appliance, aimed at customers bogged down by increasingly large amounts of data such as digital media companies and storage service providers.

  • Microsoft out to keel-haul software pirates

    Microsoft sent an ominous warning yesterday to the channel that it will not tolerate pirated software sales announcing a $5,000 reward for anyone giving evidence leading to the conviction of a dealer selling pirated or counterfeit software.

  • Xtra website redirect a poser

    The performance of New Zealand ISPs accessing overseas websites differs markedly and even after a decade of website creation some pages are still inaccessible using some browsers. But a few weeks ago a Computerworld reader discovered an apparently unique example of web behaviour using Xtra.

  • Dollar doldrums stems IT brain drain

    Australia's tumbling dollar, combined with a slump in the US IT market, is taking the pressure off the nation's ever-present 'brain drain' problem.

  • Startup takes on heavyweights in GIO tender battle

    Fledgling Australian application services provider Quantum Internet Pty Ltd (Qi) will go head to head against outsourcing giant CSC to win a lucrative tender to Internet-enable GIO workers compensation claims.

  • Sprint reports Q1 wireless loss, misses expectations

    Sprint announced first quarter earnings on Tuesday of US$315 million or $0.35 per share for its fixed-line FON Group unit, excluding investment and other one time gains, lower than the $0.48 per share reported earnings, excluding items, for the same quarter last year and $0.02 a share below Wall Street analysts' expectations. Sprint's wireless PCS unit reported losses of $0.40 per share, a loss of $0.03 a share more than analysts expected.

  • Earnings roundup: Unisys hit by slow server sales

    Unisys, citing slow sales of its enterprise servers and weaknesses in its systems integration business, yesterday reported a 35 per cent drop in first-quarter profits and warned that earnings in the current second quarter will likely be just half of what they were in the same period last year.

  • Intel announces fast DSP chip architecture

    Chip giant Intel debuted its Micro Signal Architecture (MSA) in Tokyo Tuesday, marking the first step towards its new chipset for mobile devices, which is due to launch later this year.