FRAMINGHAM (07/07/2000) - Compaq, IBM Sign Storage PactCompaq Computer Corp. and IBM Corp. this week announced a long-term, $1 billion agreement to sell each other's storage software and hardware. Compaq CEO Michael Capellas predicted that the deal will improve the interoperability of storage networking technology, thus making such networks easier for enterprises to deploy and manage.
Under the terms of the deal, Compaq will sell IBM's high-end Shark storage servers and some systems management software from Tivoli Systems Inc. in Austin, Texas. In return, IBM will sell Compaq's StorageWorks Modular Array 8000 systems and software, which use IBM high-speed hard-disk drives. IBM will also support Compaq's VersaStor software, which guides various platforms to help users find files in a single data storage area.
Online Privacy Guidelines Released
The 300-member Internet Advertising Bureau (IAB) this week released its first-ever voluntary online privacy guidelines. The guidelines set minimum acceptable standards for collecting and using information gleaned from visitors to members' Web sites.
Members of the New York-based IAB will be required to establish and post online privacy policies that will explain what data is being collected about site visitors and how the information will be used and stored, along with a statement about the security of the information.
Qwest/US West Deal Means Layoffs
Joseph Nacchio, chairman and CEO of Qwest Communications International Inc., this week said the Denver-based telecommunications and broadband Internet services vendor will lay off workers and close some offices in the wake of the completion of its $43.5 billion acquisition of US West Inc. in Englewood, Colorado, on June 30. Nacchio didn't specify how many of the combined company's 71,000 employees will be let go in order to eliminate redundancies created by the merger.