Win 2K Virus Detected

Symantec Corp.'s Antivirus Research Center said it has found a virus that targets Windows 2000, Microsoft Corp.'s unreleased operating system.

Known as Win2000.Install or W2K.Installer, the virus inflicts no damage.

Cupertino, Calif.-based Symantec said it updated its antivirus software last week to recognize and eliminate the virus.

Schwab Buys Bank

Charles Schwab Corp.'s $2.7 billion purchase of New York-based U.S. Trust Corp. will give Schwab access to very wealthy clients and give U.S. Trust access to more advanced technology, analysts said last week. "This is a swap - products and services for advanced technology," said Amy Butte, an analyst at New York-based Bear, Stearns & Co.

Intel's in the Black

Intel Corp. reported fourth-quarter revenue of $8.2 billion, up 8% from the fourth quarter of 1998. For the year, the company reported revenue of $29.4 billion, up 12% from 1998.

Intel said acquisition-related costs resulted in net income of $7.3 billion in 1999, up 21% from $6.1 billion in 1998.

Lufthansa Picks SAP

German airline Deutsche Lufthansa AG signed a contract to more than double its investment in SAP AG's business applications during the next three years.

Financial details weren't disclosed, but the companies said the number of Lufthansa workers who use SAP's software is expected to increase from about 8,000 to more than 15,000.

Short Takes

Consumers spent $7 billion online during this holiday shopping season, and 90% of 810 consumers surveyed reported high satisfaction with their online experience, according to a study by New York-based Jupiter Communications Inc.

... Oracle Corp. is supporting XML in its latest releases of Discoverer and Reports, 3i and 61, respectively.

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