Stories by Lucas Mearian

Gartner: 50 per cent fewer banks will remain

Banks that rebuild their foundations on e-commerce through technology alliances will be the survivors in a period of increased mergers and acquisitions in the financial services industry, according to a report.The report also predicts new technology and competition over the next six years will leave the marketplace with half as many players.

Deal advances EMC's move into NT space

An e-commerce joint venture backed by Microsoft Corp. and Accenture Ltd. has set up EMC Corp. to provide storage services for Windows 2000, SQL Server and Exchange customers.

Visa offers security spec for e-transactions

Teaming up with more than 60 technology vendors, Visa International Inc. has rolled out a new technical specification to support payment authentication services for online credit card transactions worldwide.

Nasdaq launches revised order system

As The Nasdaq Stock Market Inc. prepared last week for today's launch of its revised version of the Small Order Execution System (SOES), analysts said problems revealed in trial runs are making electronic communications network (ECN) companies hesitant to use the expanded messaging network.

EMC cuts business outlook for the third time

Once again blaming the slowdown in IT spending brought on by softening economy, EMC Corp. Friday warned that its financial results will fall well short of expectations for the second straight quarter.

IBM, Intel backing proposed IP-based storage standard

A group of technology vendors, including IBM and Intel, Monday came out in support of a proposed naming service standard for IP-based storage networks while also announcing planned shipment dates for storage devices that utilize the Internet's basic communications protocol.

Future of storage eyed at Gartner conference

While it's still more than five years away from happening, the Internet will eventually act as the plumbing to connect vast oceans of cheap disk storage within companies, Gartner analysts predicted here yesterday.

Citigroup to offer Net-based bill processing

Citigroup Inc. yesterday said it will offer its corporate customers the ability to route bills electronically to consumers through an online service backed by three large financial services competitors.

FTC sides with Amazon.com in privacy dispute

The U.S. Federal Trade Commission (FTC) sided with Amazon.com Inc. in a dispute with two privacy groups that accused the online retailer of deceiving its customers by changing its privacy policy to permit disclosure of personal information to third parties.

Survey: Software piracy rates remain high

Eastern Europe led the world in software piracy last year, followed closely by the Asia-Pacific region, the only area to see a rise in software copyright infringement, according to a new survey released by an industry trade group.

Novell posts Q2 loss, plans layoffs

Struggling software company Novell Inc. today reported that it will lay off 5 percent of its employees after posting a second-quarter loss that it blamed on write-downs, slower IT spending and the company's transition from selling proprietary networking software to products that link the technology of different vendors.

Sun inks five-year, $200 million contract with Kodak

Sun Microsystems on Monday announced that it has won a five-year, US$200 million contract with Eastman Kodak Co. to expand its enterprise resource planning (ERP) system by as much as five times its current size.

Financial services giants seeding IT services

In an effort to broaden the services they offer customers, financial services companies such as Merrill Lynch & Co. and Citigroup are embracing strategic partnerships with technology and service providers to create expanded online offerings for investors, traders and others.