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Report: Ad spending up 150%
- Spending on Internet advertising reached $597.1 million last year, a gain of 152.6 percent from 1996, according to a report to be released tomorrow by industry researcher Cowles/Simba. [News.com]
Republican: U.S. not ready for Y2K
- With two years to go, the United States is still unprepared to deal with the Year 2000 computer bug that threatens to wreak havoc in everyday lives, a Republican congresswoman said. [News.com]
Reuters subject of legal probe
- Reuters said yesterday that one of its U.S. units, Reuters Analytics, is the subject of a New York grand jury investigation. [News.com]
Rival to roil DVD market
- The pay-per-view subformat known as Divx will scare off the DVD home video market throughout the new year and beyond, according to a new report. [News.com]
Rolling data, voice, faxes into one
- If current projections are correct, we may eventually be using a single device much of our personal communications. [News.com]
S. Korea memory exports to rise
- South Korea's DRAM exports are expected to reach $10.3 billion this year, up from about $9 billion in 1997, but capital spending will decline precipitously. [News.com]
S3 hands out 100 pink slips
- S3 (SIII), a multimedia acceleration hardware and software supplier that has been hit with stiff competition in the graphics chip market, today laid off 15 percent of its workforce, the company announced. [News.com]
SAP forecasts strong earnings
- SAP today released preliminary financial results for 1997 showing that its lead in the high-end corporate computing applications market strengthened last year. [News.com]
SAP says top exec won't retire
- German software group SAP today denied a report that its co chief executive, Dietmar Hopp, planned to leave the company. [News.com]
SAP shares jump after report
- Shares in German software group SAP AG (SAPHY) climbed sharply today, boosted by an upbeat report about its R/3 software, dealers said. [News.com]
SCO exec gets raise despite shortfall
- Santa Cruz Operation (SCOC), which last week saw its stock plummet after announcing that it would fall short of analysts' first-quarter expectations, last year gave its chief executive a salary increase and bonus amid falling revenues and layoffs. [News.com]
SEC steps up urging Y2K fixes
- Under fire from critics claiming it has dragged its feet on the Year 2000 issue, the Securities and Exchange Commission has intensified its efforts to prod public companies into solving computer glitches expected to arise at the turn of the century, in the process adopting some of the ideas of those same faultfinders. [News.com]
SEC to issue Net business guide
- The Securities and Exchange Commission soon will issue guidance spelling out how federal securities laws will apply to business conducted on the Internet, an agency official said. [News.com]
SGI names HP executive as CEO
- Silicon Graphics (SGI) new chairman and chief executive is described as a strong performing steady Eddie, but analysts question whether he can equally carry the role as a turnaround king. [News.com]
SGI posts loss but gets new CEO
- Silicon Graphics (SGI) reported a second-quarter loss and flat revenue growth today, but hopes to offset that gloomy news with an announcement that it has found a new chief executive. [News.com]
SGI posts loss, gets new CEO
- Silicon Graphics (SGI) reported a second-quarter loss and flat revenue growth yesterday, but today it hopes to offset that gloomy news by announcing a new top dog for the company. [News.com]
SGI to name HP executive as CEO
- Silicon Graphics (SGI) tomorrow morning is expected to name the general manager of Hewlett-Packard's computer organization as its new chief executive officer. [News.com]
SPA meets over antitrust
- Amid Microsoft's legal battle with the Justice Department, an influential technology trade group today took the first step in defining what constitutes fair play in the cutthroat software industry. [News.com]
Samsung Americas to fold
- In a move designed to cut costs, Samsung said it would dissolve the headquarters of its Americas operations in February. [News.com]
Schools apply for Net access deals online
- Schools and libraries competing for lucrative Net access discounts can now apply for the federal program--get this--online. [News.com]
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