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Tech stock rallies boost market
- Strong earnings news from several technology companies and a rally by key blue chip firms helped the market erase earlier losses in trading today. [News.com]
Tech's elite pony up
- Political contributions by the technology elite are on the rise, another sign that Silicon Valley is waking up to the world of politics. [News.com]
Techs mixed in Motorola aftermath
- Technology stocks closed mixed today, losing most of the gains received from an early boost by positive earnings news from Motorola and speculation that there could be a globally coordinated interest rate cut to deal with the growing worldwide economic crisis. [News.com]
Telco earnings make the mark
- A spate of earnings reports from telecommunications companies showed a strong performance for the sector in the most recent quarter, as demand for data and Internet services increased. [News.com]
Telco suppliers can recover
- The great bull run for the telecommunications equipment makers is over, right? Not so fast. In order to explain why things aren't so bad, one must look at the heavy selling that has hurt these companies recently. [News.com]
Telcos try to keep up with tech
- When SBC Communications bought a stake in Concentric Network today, it marked another telecommunications giant reaching out for Internet expertise. [News.com]
Teligent offers data, phone service
- Teligent, the upstart communications company led by former AT&T President Alex Mandl, is finally open for business. [News.com]
Testers get Win98 service pack
- Microsoft released the Windows 98 service pack to beta testers over the weekend for a final tuneup before a wide-scale deployment of the collection of bug fixes and hardware support for the company's consumer OS later this year. [News.com]
The Net gets a check-up
- The health care industry is discovering the Internet, though Intel chairman Andy Grove says it is not moving fast enough to adopt the medium's potential as an information clearinghouse and as a stand-in health care provider. But one online health company, Healtheon, found that the side effects of the volatile tech economy can be tough to cure. [News.com]
The fruits of Apple's labor
- Apple harvests the fruits of its labor, reaping bushels of iMac sales and posting profits of $106 million in its first profitable year since 1995. But can the Mac maker can sustain its revenue growth? [News.com]
The giant fires back
- Microsoft fired back at government prosecutors here today, claiming they have used "misleading" evidence to accuse the software giant of anticompetitive acts. [News.com]
The week's news: Linux comes of age
- A smallish Linux developer named Red Hat won the financial backing of Intel, Netscape, and two venture capital firms, not only boosting the North Carolina firm's status but also signaling that major technology companies believe the cooperatively developed operating system is durable enough for corporate use. [News.com]
The week's news: New chips, new plans, new laws
- For the second time in three weeks, high-tech legislation elbowed its way to the front of the line in Congress, which was otherwise racing to approve spending bills and head home for campaigning. The Senate joined the House in passing the Net Tax Freedom Act and also approved copyright legislation, while the House OK'd a controversial Net content bill. [News.com]
The week's news: Tech earnings ride high
- Leading companies like Intel, Apple, and Excite headed a flurry of high-tech firms reporting better-than-expected earnings. Sun and Compaq squeaked past analysts' estimates, in a week that also saw a welcome interest rate cut from the Federal Reserve. [News.com]
The week's news: iMacs for cheap, IBMs for $599
- Apple will unveil a leasing program for its hugely popular consumer desktop next month, News.com reported, offering iMacs for $30 a month in an effort to maintain sales momentum. Meanwhile IBM introduced a $599 Internet-ready PC, becoming the first major vendor to go under this price point. [News.com]
The wired home of the future
- Many more homes will have more than one PC or Internet TV by 2003. Connecting the devices into a home network will also play a bigger role in the digital abode. [News.com]
TheGlobe and Vignette backpedal
- Citing market conditions, TheGlobe.com and Vignette said today that they will drop their plans for initial public offerings, marking two more tech companies to retreat from the public trough this week. [News.com]
TheStreet.com sues adult site
- Making good on its threat, TheStreet.com has slapped WallStreetSex.com with a $5 million lawsuit claiming the adult site looks like the financial site's pornographic twin and is hurting its public image. [News.com]
Thomson unveils Divx player
- Consumers aching to buy Divx players, the controversial alternative to DVD, now have twice as many options. [News.com]
Ticketmaster venture goes public
- USA Networks' Ticketmaster Online-CitySearch filed an initial public offering with the Securities and Exchange Commission for about $92 million worth of class B common stock. [News.com]
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