Stories by Terho Uimonen

MS, Partners Form Home Mortgage Company

Microsoft Corp. today announced that it will take a majority stake in a new online home mortgage and real estate company, called HomeAdvisor Technologies Inc., which the software giant is forming with several partners.

Telia Opens Local Loop Network in Sweden

In a long-awaited move, Sweden's former monopoly telecommunications carrier Telia AB yesterday opened its local loop network to allow competitors direct access to the copper lines connecting end users.

IDC: EMEA PC Sales to Grow by 16 Percent in 2000

Driven by rebounding corporate sales and a dynamic consumer segment, personal computer sales in the Europe, Middle East and Africa (EMEA) region are expected to reach 38.8 million units in 2000, an increase of 16.4 percent over last year, according to the latest forecast from market researcher International Data Corp. (IDC).

Lineo Acquires Japan's USE to Boost Linux Reach

Embedded Linux vendor Lineo Inc. yesterday announced that it will acquire a Japan-based systems engineering company to expand the reach of its Embedix Linux-based operating system beyond Intel Corp.'s processors.

Ariba Scores B2B Deals with Amex, Dell

Business-to-business electronic commerce software provider Ariba Inc. yesterday announced two separate deals with American Express Co. and Dell Computer Corp.

Hitachi Lowers Fiscal 1999 Profit Forecast

Computer and electronics manufacturer Hitachi Ltd. late last week lowered profit expectations for its fiscal year 1999, citing lower than expected sales of mainframe computers as a main reason for the shortfall.

Andersen, Microsoft Ink $1B E-Business Pact

Andersen Consulting Inc. and Microsoft Corp. today announced plans valued at US$1 billion to further deepen an existing global alliance, including the formation of a new joint venture which will deliver software applications for electronic business.

Qwest Says Prospective Partner Terminated Talks

Qwest Communications International Inc. late yesterday announced that a "major telecommunications company" -- widely rumored to be Deutsche Telekom AG -- had decided to withdraw from talks about acquiring Qwest and its merger partner US West Inc.

EDS faces lawsuits related to allegations of fraud

Two lawsuits related to an allegedly fraudulent purchasing scheme have been filed by bidding vendors against Electronic Data Systems (EDS), which acted as the coordinator for the bids, the company announced on Wednesday.

SIA: Global Chip Sales Up 33 Percent in January

Chips are up again. Worldwide semiconductor sales reached US$14.8 billion for the month of January, an increase of 32.9 percent from $11.1 billion in the same period a year ago, the U.S. Semiconductor Industry Association announced yesterday.

Compaq, Gateway Rush Out PCs with 1GHz Athlons

Compaq Computer Corp. and Gateway 2000 Inc., in tandem with Advanced Micro Devices Inc.'s launch of the 1GHz Athlon processor, today launched new systems powered by the speedy chip.

Saudi Telecom Tags Ericsson for $300M GSM Deal

L.M. Ericsson Telephone Co. today announced the signing of a letter of intent for a major expansion and upgrade of Saudi Telecommunications Co.'s (STC) mobile phone network in Saudi Arabia.

AOL, Motorola, Nokia Buy into Palm at IPO Price

3Com's Palm Inc. unit announced earlier this week that America Online, Motorola and Nokia have agreed to buy stakes in the company at the asking price of $A23 per share for its long-awaited initial public offering.