FRAMINGHAM (04/28/2000) - Microsoft Corp. and Xerox Corp. this week announced a joint partnership in an e-commerce spin-off, ContentGuard Inc., which will design software to protect digital documents, books, music, entertainment and other media. ContentGuard will be based in McLean, Virginia, and have about 40 employees. Mike Miron, former president of the Xerox Internet business group, will leave Stamford, Connecticut-based Xerox to become co-chairman and CEO of the spin-off. Dick Brass, Microsoft's vice president for technology development, will serve as co-chairman while continuing to hold his job at Microsoft.
U.K. Spectrum Bidding War Ends at $35B
The U.K.'s spectrum auction for next-generation wireless applications ended this week, with winning bids totaling $35.4 billion. Industry analysts said that staggering sum has "enormous" implications for similar auctions in the U.S. Comparable bidding in a country the size of the U.S. would amount to $600 billion.
FedEx's Ground Unit Names New CIO
FedEx Ground Inc., a $1.9 billion subsidiary of Memphis-based Federal Express Corp. that delivers small packages to businesses via ground shipments, this week named Michael V. Hmel as its CIO. Hmel, former vice president of information technology at FedEx Ground, is responsible for coordinating all IT services at the Pittsburgh-based unit.
Computer Associates International Inc. CEO Charles Wang and President and Chief Operating Officer Sanjay Kumar will buy the New York Islanders for $175 million, pending approval by the National Hockey League's Board of Governors.
New York-based Internet firm HotJobs.com Ltd. and Sunnyvale, California-based software developer Resumix Inc. agreed to merge this week.