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Chips pounded by supply, Asia crisis
- Global semiconductor sales slumped by 12.7 percent in May, a consequence of Asia's economic slowdown and a worldwide glut of both microprocessors and memory, the core chips used in computers. [News.com]
Chromatic to lay off 50%
- Chromatic Research is laying off approximately 50 percent of its workforce and will discontinue its Mpact media processor line, as the company struggles to survive in the competitive graphics chip arena. [News.com]
Cirrus, VLSI report earnings
- Cirrus Logic and VLSI Technology yesterday posted quarterly earnings that exceeded Wall Street's expectations, but both chipmakers said challenges lie ahead--prompting VLSI to cut 190 of its 2,390 workforce. [News.com]
Cisco hits $100 billion mark
- Cisco is now a $100 billion company. [News.com]
Cisco sticking to acquisition guns
- Shrugging off recent telecommunications megamergers, Cisco Systems said today that it will stick to its smaller growth-by-acquisition program. [News.com]
CitySearch sets IPO price
- CitySearch today set a price for its previously planned initial public offering at a range of between $11 and $13 per share for up to 4 million shares, according to a regulatory filing. [News.com]
Cityscape mistaken for CitySearch
- Attempting to explain a recent pop in its Bulletin Board stock, Cityscape Financial said today that investors might be confused by recent regulatory filings about CitySearch, an Internet company that intends to go public on the Nasdaq with Cityscape's old Nasdaq ticker symbol. [News.com]
Clinton calls for Year 2000 action
- President Clinton today called for accelerated efforts to fix the Year 2000 problem, announcing that he would propose legislation to limit legal liability for companies that share information to fix the massive software bug. [News.com]
Committee votes for 2-year tax ban
- The Senate Finance Committee today voted to impose a two-year moratorium on new state and local taxes of the Internet. [News.com]
Communicator 4.5 beta released
- Netscape Communications has launched a public beta test of Communicator 4.5, the latest version of its Internet software suite. [News.com]
CompUSA predicts loss
- CompUSA said it would report a loss in its fiscal fourth quarter, when sales edged up by only 3 percent as consumers held off on buying new systems equipped with Windows 98, which was released on June 25. [News.com]
CompUSA touts $800 iMac rebate
- CompUSA is putting some promotional muscle behind the upcoming launch of the iMac, Apple's much-ballyhooed all-in-one model for the consumer market. [News.com]
Companies may bite bullet on Win 98
- Many large companies may be willing to endure the pain of upgrading to Windows 98 to solve problems in current operating systems, analysts say. [News.com]
Compaq aims to shore up servers
- Compaq introduced two new Pentium II servers as well as a final upgrade to one of the company's most popular server systems in an effort to reinvigorate the middle tier of its product lineup after a slow first half of the year. [News.com]
Compaq cuts jobs in Hong Kong
- Compaq Computer local arm Compaq Computer Hong Kong said today that it would lay off less than 10 percent of its staff after restructuring. [News.com]
Compaq cuts notebook prices
- Compaq Computer reduced Armada notebook prices by as much as 26 percent, part of an effort to move older Pentium MMX models as the more powerful Pentium II processor begins to predominate its lineup, but the transition could be tricky. [News.com]
Compaq drops Y2K ad campaign
- In an ongoing battle with a British testing firm over whether its products properly recognize the Year 2000, Compaq Computer today confirmed that a controversial ad campaign that claimed its systems do identify the new century has stopped circulating. [News.com]
Compaq earnings mask deeper woes
- Although Compaq surpassed analysts' predictions today in reporting an operating profit of two cents a share, the numbers don't resolve underlying market conflicts facing the Houston-based vendor and PC makers in general. [News.com]
Compaq expands in workstations
- Compaq Computer continued its expansion into sophisticated computing markets today with the introduction of a new line of 3D graphics subsystems for its high-end workstations. [News.com]
Compaq lowers Asia sales targets
- Compaq Computer is lowering sales targets in economically troubled Asia, a senior executive said today. [News.com]
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