FRAMINGHAM (07/21/2000) - Feld Group Gets Softbank BackingThis week, Softbank Venture Capital in Mountain View, Calif., took a minority stake in The Feld Group, which recently completed a two-year technology overhaul at Delta Air Lines Inc. in Atlanta.
Feld Group, an Irving, Texas-based consulting firm headed by information technology turnaround specialist Charlie Feld, will use the $40 million in venture funding to hire at least 100 employees and extend its services beyond Fortune 500 companies to small Internet start-ups. Feld stepped down from his position as Delta's "e-leader" this week and was replaced by former Citibank and American Airlines Inc. IT executive Bob DeRhodes.
IBM Commercializes Supercomputer
IBM Corp. next week will launch a commercial version of its ASCI White supercomputer that was delivered to the U.S. Department of Energy last month.
The system will represent a major overhaul of IBM's RS/6000 SP Unix servers and will feature new performance-enhancing copper microprocessors, silicon switching technology and new management software.