Stories by Joris Evers

Nortel Says Q4 Is On Track

Nortel Networks Corp. on Monday said it is on track to make its previously stated growth projections. Nortel said in a statement it is "very confident" that earnings per share in the fourth quarter of 2000 will be 26 US cents and sales will be between US$8.5 billion to $8.8 billion.

Broadcom Acquires SiByte for US$2 Billion

Integrated circuit maker Broadcom continued a buying spree and announced Monday that it will acquire SiByte Inc, a developer of chips for networking and communications applications. The acquisition is worth approximately $US2 billion, Henry T. Nicholas, president and chief executive officer (CEO) of Broadcom said in a live Webcast.

IBM Claims Wireless Domain With SWAP

IBM on Wednesday unveiled what it calls a breakthrough server-software technology that allows users to manage their Internet-based commercial operations while on the road.

Hacker puts Nasdaq on warning

Web sites with financial news have become vital for investors. Imagine the disarray that could occur if a hacker took over such a site. A Dutch hacker claims he could have altered Nasdaq.com and three sites run by MarketWatch.com.
He didn't, however. Instead he warned the administrators at Nasdaq.com, CBS.MarketWatch.com, BigCharts.com and FTMarket-Watch.com. Now the security holes have been patched up, and the hacker is disclosing his discoveries.

Defunct E-Commerce Site Leaks Credit Card Info

Full details of hundreds of credit cards are out in the open. At the time of writing Monday, all customer orders of a U.S.-based electronic commerce site, with pornography as the best selling item, were openly available online without any protection.

RealNetworks' Glaser predicts Napster will lose

Napster, the MP3 online trading service, will lose its legal battle against record companies and recording artists, in the opinion of Rob Glaser, chairman and chief executive officer of RealNetworks.

There Will Be No Breakup, Says Ballmer

Microsoft Corp. Chief Executive Officer Steve Ballmer
today slammed yesterday's decision by the US District Court to pursue the
break-up of the company, branding it unreasonable, excessive, inconsistent and
riddled with errors.

Amazon Seeks Amsterdam Listing, Reports Say

Amazon.com Inc. is eyeing a listing on the Amsterdam stock exchange. According to several newspaper reports the US-based online retailing giant will be listed within a month.