FRAMINGHAM (04/21/2000) - The regulatory arm of the National Association of Securities Dealers (NASD) is investigating Banc One Capital Markets Inc. for possible violations resulting from systems integration problems that surfaced from the 1998 merger of Banc One Corp. in Columbus, Ohio, and First Chicago NBD Corp.
Details weren't available because NASD offices were closed Friday. But the Chicago-based bank issued a statement that said the "book-keeping problems resulted from the systems conversion in our capital markets units and their consolidation in 1999."
Intel Delays Desktop Celeron Launch
Intel Corp. is delaying its planned launch of two desktop Celeron chips today until June, sources close to the company said last week. Intel delayed the 633- and 667-MHz chips to ensure that a sufficient quantity will be available upon release, sources said.
Maryland LikelyTo Adopt UCITA
Maryland Gov. Parris N. Glendening is expected to sign into law tomorrow the controversial Uniform Computer Information Transactions Act (UCITA). Although Maryland is the second state to approve UCITA, the governor's office said it will be the first state to legally enact the measure. Virginia approved UCITA last month but delayed implementation for a year pending review by a study committee. The software licensing bill has strong support among high-tech vendors but is opposed by many CIOs at user companies.
Sun Microsystems Inc. last week announced that 13 vendors have licensed its Java 2 Platform Enterprise Edition.
Boston-based Orbiscom, a provider of global Internet payment software, announced a new online payment technology designed to battle online card fraud.