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Sony, Nintendo cut console prices
- Video game rivals Sony and Nintendo have cut prices on their competing PlayStation and Nintendo 64 game consoles to position themselves with retailers before the holiday shopping season. [News.com]
Spammers jump gun on legislation
- A growing number of spammers have started using disclaimers that imply their mass emailings comply with a new law, the Consumer Antislamming Act. There's only one problem: The legislation is not yet law. [News.com]
Spate of Net IPOs expected in fall
- With only a handful of initial public offerings slated for the rest of this summer, Wall Street is focusing on a slew of new Internet stocks lining up for the fall, wondering if they all can become high-flyers. [News.com]
Specs for Gateway's new PC-TV
- Gateway D6-333c • Intel 333-MHz Celeron processor • Intel 440LX chipset • 32MB 100-MHz SDRAM expandable to 384 • 2GB Ultra ATA hard drive • STB 2MB EDO DRAM graphics w/ cable-ready TV tuner • 2X DVD-ROM w/DVD titles • 16-bit wavetable audio card • 27" SVGA monitor • 56-kbps voice Winmodem • wireless keyboard w/ trackpad pointing device • wireless field mouse remote w/ integrated track ball • Windows 98 • $1,999 [News.com]
Specs for new G3 PowerBook
- New G3 PowerBook notebook • Suggested retail price: $2,799 • 233-MHz PowerPC 750 with 512K of backside L2 cache • 32MB of SDRAM • 20X CD-ROM • 4MB of SGRAM video memory • ATI Rage LT Pro video controller with VGA, S-video and TV output • v.90 56-kbps modem • Built-in 10-BaseT ethernet [News.com]
Sprint tries Net phone service
- Sprint announced today that it plans to try out a phone-to-phone service that uses its Internet Protocol backbone to carry calls instead of the regular phone network. [News.com]
StampMaster to test Net postage
- StampMaster today announced that the U.S. Postal Service has given it permission to test its technology for delivering postage over the Internet. [News.com]
Star renegotiates PT-1 buy
- Long distance provider Star Telecommunications today announced that it has renegotiated the terms of its proposed acquisition of PT-1 Communications because the Securities and Exchange Commission rejected its bid based on the accounting treatment used for the acquisition. [News.com]
Start-up wins e-commerce patent
- Start-up Priceline.com, known for its "name your price" e-commerce system, has been awarded a patent that it says covers its technology as well as its business model. [News.com]
State postpones new Net taxes
- The California Senate gave e-commerce a shot in the arm this week by voting 31 to 1 to restrain "discriminatory" taxes on Net access and services until 2002. [News.com]
State speaker meets Valley
- A state Democratic leader today endorsed the high-tech sector's desire to upgrade the state's education system but disagreed that the Net industry should be self-regulated. [News.com]
Stay refused on access to Gates
- A federal judge today denied Microsoft's request for a stay to have extra time to appeal yesterday's ruling allowing the public to be present when chief executive Bill Gates and other executives are questioned by the government as part of a landmark antitrust case. [News.com]
Steel industry takes to Net
- Weirton Steel Corporation said it formed a limited partnership with LTV Corporation's LTV Steel and Steel Dynamics to offer a secure Web-based marketplace for the online purchase of metals products from various U.S. suppliers. [News.com]
Sterling Software to buy Cayenne
- Cayenne Software said today that it has agreed to be acquired by Sterling Software in a cash transaction worth about $11.4 million. [News.com]
Stock markets continue descent
- Stocks plunged on Wall Street today, with the Dow Jones Industrial Average tumbling as much as 280 points before rallying to close the day down only 77.76 points. [News.com]
Stocks end up in rocky week
- The Dow Jones industrials ended higher today with investors breathing a sigh of relief over a benign unemployment report and the stock market's resilience in the wake of Tuesday's big decline. [News.com]
Street closes mixed after rally
- Stocks closed mixed on Wall Street today, barely able to sustain Friday's late rally and eased jitters over Russia's economic and political instability. [News.com]
Street expects profits for AOL
- Wall Street expects America Online to post a fourth-quarter profit today, and analysts will focus on AOL's growth in e-commerce transactions and subscribers. [News.com]
Street still searching for upside
- The Dow Jones Industrial Average plummets 357.36 points, marking the third-biggest point loss in the history of the index. The drop, a long-expected correction in the markets, was blamed on the economic crises looming over Russia and Asia. The technology and Net sectors were hard hit, and online brokerages saw some of their heaviest traffic days yet. [News.com]
Students to get a taste of Java
- University students could get a taste of Java in the classroom this fall. [News.com]
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