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Armstrong: Time to focus on Net
- AT&T tapped British Telecommunications to strengthen its international strategy, but the telecom giant still needs to bolster its presence in the Internet market, AT&T chairman C. Michael Armstrong said yesterday. [News.com]
Arrest made in pager scam
- PageNet, one of the largest wireless message providers, said U.S. federal agents arrested a San Diego man who allegedly set up unauthorized voice mailboxes and paging accounts on its system, costing the company about $1 million. [News.com]
Artemis adds cost estimation
- Project management software maker Artemis Management Systems is adding cost estimation to its software development project management system. [News.com]
Ascend beats estimates
- Shares of Ascend Communications were up in morning trading following a positive earnings announcement and an upgrade in estimates from a Wall Street brokerage. [News.com]
Ascend descends on rumor
- Ascend Communications stock fell more than 13 percent today on renewed rumors that the company may soon acquire Stratus Computer. [News.com]
Asia woes take toll on Sun stock
- Sun Microsystems stock fell nearly 6 percent in midday trading after an influential Wall Street analyst downgraded the stock based largely on concerns about sluggish sales in Asia. [News.com]
Atmel reorg forces job cuts
- Atmel said yesterday that it will cut about 650 jobs, or about 10 percent of its workforce, as part of a restructuring needed in light of continued weakness in the semiconductor market. [News.com]
Auction site files for IPO
- Creative Computers said yesterday that its Internet auction unit, uBid, has filed a registration statement for an initial public offering of common stock, raising about $20.54 million, based on the midpoint price of the shares. [News.com]
BBC maps digital broadcast plan
- The British Broadcasting Corporation confirmed today that it plans to invest about 1.0 billion pounds ($1.63 billion) over the next five years to set up its digital television, radio, and online services. [News.com]
Baan beats Street estimates
- The Baan Company today beat Wall Street's profit predictions of 11 cents a share, posting profits instead of 13 cents per share, or $26.9 million, for the second quarter ended June 30. [News.com]
Baan chairman to step down
- Jan Baan resigned today as chairman of the management board of business application software maker Baan. [News.com]
Baan revised profits down
- Computer software firm Baan said today that it had revised its first quarter net profit down to $2.136 million from $2.4 million, the figure announced on April 22. [News.com]
Baan's inroad to auto industry
- The Baan Company's buying binge continued today with the purchase of Compact 3000, a British consulting firm specializing in supply chain systems for the automotive industry, particularly lean manufacturing. [News.com]
Baby Bells appealing telco law
- Regional Bell telephone companies are asking a federal appeals court today to toss out parts of a 1996 telecommunications law and allow them to offer long distance service immediately. [News.com]
BackWeb backs Microsoft
- Push software maker BackWeb has extended its client support for Microsoft's desktop software. [News.com]
Ballmer named Microsoft president
- Microsoft today appointed Steve Ballmer, formerly executive vice president of sales and support and Bill Gates's longtime business partner, as its president. [News.com]
Banyan beats earnings estimates
- Networking software provider Banyan Systems beat earnings estimates for its fiscal second quarter by a cent, continuing a comeback from a sea of red ink. [News.com]
Barksdale takes Amazon profits
- Dell's top dog, Michael Dell, and Netscape Communications chief executive Jim Barksdale both have filed to unload some of their shares in online bookseller Amazon.com. [News.com]
Battle over worst-case EPA data online
- When Pam Nixon's husband took a teaching position in West Virginia's Kanawha Valley, her family moved within a quarter-mile of a pesticide plant--something that was hard to avoid in an area that ranks second in the nation for chemical production. [News.com]
Bay Networks back in black
- Bay Networks today posted a net profit of $20.6 million for its fiscal fourth quarter, compared with a loss of $118 million reported for the like period a year ago. [News.com]
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