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Malaysia OKs firms for tech zone
- Malaysia has approved 179 companies for its Multimedia Super Corridor (MSC), of which 62 are foreign, the national Bernama news agency said. [News.com]
Man admits scamming millions from ISPs, telcos
- A California man has pleaded guilty to bilking Net access providers and long distance heavyweights out of about $9 million through a toll-free number scheme. [News.com]
Manugistics taps Oberon for integration
- Manugistics is turning to Oberon software for the ties that will bind its supply chain management software to other corporate computing systems. [News.com]
Market dives on profit-taking
- Wall Street stocks headed south in morning trading today as investors moved to take some profits after the market's strong rise in recent weeks. [News.com]
MarketWatch.com prepares for IPO
- MarketWatch.com, operator of the CBS.MarketWatch.com financial news Internet site, expects to sell 2.75 million common shares for between $10 and $12 each in its planned initial public offering. [News.com]
Markets await election results
- Technology stocks pulled the Nasdaq Composite Index lower today while blue chips ended flat as investors waited to see what impact today's elections would have on the market. [News.com]
Markets up after earlier zigzag
- Stocks surged to close higher today after teetering between gaining and losing ground in earlier trading following the Federal Reserve's cut of key interest rates by a quarter percent. [News.com]
Markets up on Fed rate cut
- Stocks rallied this afternoon after the Federal Reserve cut key interest rates for the third time in six weeks. [News.com]
McDonald's to spend $30 million on Y2K
- McDonald's expects to spend less than $30 million to upgrade its computer systems for the Year 2000 computer problem. [News.com]
MediaOne beats Street
- Broadband service company MediaOne Group today reported that its revenues increased 16 percent to $1.8 billion for the third quarter, helping the company beat Wall Street's earnings expectations. [News.com]
Memo angers open source advocates
- An internal Microsoft memo that found its way to the Web is raising the hackles of developers and users alike because it contemplates an Internet strategy some call "sinister" and all too typical of the software giant. [News.com]
Mergers, buyouts drive up markets
- New York--U.S. stocks rose, pushing the Dow Jones Industrial Average within striking distance of its July record, as takeovers of Bankers Trust, Netscape Communications, and other financial and technology companies increase expectations that mergers will lead to higher profits. [News.com]
Merrill Lynch adds online research
- Merrill Lynch is putting free stock research on its Web site for a four-month trial period, in a sign that the giant securities firm is starting to navigate cyberspace. [News.com]
MicroAge eyes sale of distribution unit
- MicroAge's top shareholder said the computer systems integrator is poised for a turnaround because the company likely will sell its distribution unit for more than twice its current stock market value. [News.com]
Microsoft CEO still admired, says poll
- Microsoft chief executive Bill Gates' image apparently isn't suffering much from the antitrust case brought against his company--laughter from the trial judge notwithstanding. [News.com]
Microsoft Net VP to step down
- Pete Higgins is stepping down from his post as vice president of the Interactive Media Group for Microsoft, according to informed sources. [News.com]
Microsoft Net VP to step down
- Pete Higgins is stepping down from his post as vice president of the Interactive Media Group for Microsoft, according to informed sources. [News.com]
Microsoft acquires LinkExchange
- Microsoft said today it will acquire Web ad banner network LinkExchange in an effort to expand its Internet offerings. [News.com]
Microsoft add-on to join NT, Unix
- Microsoft announced plans to soon release another add-on for its Windows NT Workstation and Server 4.0 operating system that allows the software to communicate more effectively with Unix-based desktops and servers. [News.com]
Microsoft aiming at Oracle
- Microsoft President Steve Ballmer yesterday projected the company will sell more than 3 million licenses of its latest enterprise database software product in the current fiscal year ending June 30, 1999. [News.com]
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