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Ascend, Western to fall short
- Shares of Ascend Communications (ASND) plummeted as low as 15 percent and Western Digital (WDC) tumbled a slight 3 percent in morning trading after the companies chalked up their shortfalls and said their quarterly results would fall short of analysts' expectations. [News.com]
Assured Access Technology gets $13 million VC investment
- Assured Access Technology, Inc., a developer of WAN access switches for public data networks, today announced it has closed a $13 million financing deal through Mayfield Fund, Sequoia Capital, and Worldview Technology Partners, as well as company founders. Next week, Assured Access Technology will introduce a family of WAN access switches designed and built specifically for public data networking, the first such switches that are easy to install, operate and maintain. [News.com]
Audio, video added to CORBA
- The Object Management Group (OMG), the organization responsible for promoting the Common Object Request Broker Architecture (CORBA), has ratified a new standard for managing the broadcast of audio and visual data, making possible the development of full interactive multimedia applications built to the CORBA standard. [News.com]
Aussie tech firm nets China deal
- Australian high-tech company Coms21 announced today a deal to make smart cards for China's largest life insurer that it said could be worth more than $1.08 billion. [News.com]
Avant loses ground in legal battle
- Shares of Avant (AVNT) tumbled 9 percent in trading today, following a federal appeals court ruling that forbid the company from selling its older-version software and may pave the way for a similar ruling on its flagship product. [News.com]
Avant, TMA announce merger
- Avant (AVNT) and Technology Modeling Associates (TMAI) (TMAI) announced that they have signed a definitive agreement to merge in a $150 million stock deal. [News.com]
BBC to Webcast Diana funeral
- Since Princess Diana's death last weekend, the Internet has been inundated with remembrances, eulogies, and news updates. The outpouring continues tonight with the BBC's Webcast of the slain royal's funeral. [News.com]
Baan fights for middle kingdom
- Just because Baan (BAANF) doesn't get as much ink as its competitors doesn't mean the Dutch company isn't a player in the business application software arena. [News.com]
Baby Bell threat raises issues
- A Bell Atlantic executive, whose home phone and address were posted online by a critic of the telephone company's support for new Net access fees, has threatened the site's host with legal action if the Web page is not removed. [News.com]
Backlash among Mac faithful
- The Mac faithful are mad as hell, and they're not going to buy it anymore. [News.com]
Barksdale, Homer pitch strategy
- Offering a glimpse into its nascent, aggressive enterprise strategy, Netscape Communications (NSCP) CEO Jim Barksdale and vice president of sales and marketing Mike Homer spoke to a gathered group of analysts and press here today. [News.com]
Barnes & Noble lands new partners
- BarnesandNoble.com, the division of Barnes & Noble (BKS), announced it has added two more online marketing deals to its war chest, cementing partnerships with search engine WebCrawler and yellow page directory InfoSpace. [News.com]
Bells oppose encryption controls
- Five Baby Bell regional telephone companies joined a coalition yesterday urging Congress to reject a proposal to give U.S. law enforcement agencies access to otherwise secure computer files. [News.com]
Bertelsmann sees AOL deal as a win-win
- German media conglomerate Bertelsmann said today that its European joint venture with America Online (AOL) would benefit from the takeover of rival CompuServe (CSRV). [News.com]
BigBook announces new president
- BigBook has made some big changes to its executive lineup and is expanding its services to grow the business, attract new users, and increase its revenue. [News.com]
Bill Gates gets a pay raise
- Microsoft (MFST) chairman, billionaire Bill Gates, got a modest 5 percent raise in the latest fiscal year, earning $591,352 in salary and bonuses, according to documents filed today. [News.com]
Bill to make pirates walk plank
- Legislation to enact strict criminal penalties on software pirates in cyberspace was passed by a House subcommittee today. [News.com]
Blue Note Web suit loses appeal
- The mere establishment of a Web site in one state--without engaging in activities such as Internet commerce--does not expose the host to lawsuits filed in other states, a New York federal appeals court has ruled. [News.com]
Booksellers: partner or perish?
- BarnesandNoble.com, the online division of bookstore giant Barnes & Noble (BKS), announced partnerships with more than 40 companies today. [News.com]
Booming European IT market seen
- The European information technology market has improved in 1997, and this renewed strength looks like it will continue into 1998, Compaq Computer (CPQ) said. [News.com]
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