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Report: Y2K bug to shock economy
- The millennium bug is expected to put a brake on the global economy, with stock markets feeling the shock from 1999 onwards, researchers at Dutch financial group ING Barings said today. [News.com]
Retailers think iMac will sell
- Apple Computer yesterday took the wraps off its most innovative-looking computer in years, placing a big bet that style will help distinguish the Mac from the pack of PC systems. [News.com]
Robertson Stephens OKs buy
- Robertson Stephens, the investment banking arm of BankAmerica, has told employees in a company-wide meeting that it has agreed to be sold to BankBoston. [News.com]
S3 sues Nvidia as IPO approaches
- Nvidia, a rising star in the graphics processor world, has been hit with another patent infringement suit, a legal setback that could affect the value of the company's proposed initial public offering. [News.com]
SAP previews business software
- SAP gave a sneak preview yesterday at its German headquarters of new features planned for version 4.0 of its human resources business application, including front-end tools for accessing and analyzing data within the system. [News.com]
SAP sees exec shift, predicts growth
- German software group SAP was due today to complete the first leadership transition in its 26-year history, laying the basis for continued high growth in a new era. [News.com]
SAP to reorganize, boost staff
- Software group SAP faces challenges in reordering its internal structure to maintain growth and taking on thousands of new employees, its chief financial officer told a German newspaper today. [News.com]
SBC to buy Ameritech
- SBC Communications, which has bought two local phone companies in the past year, said today that it had agreed to acquire Midwest Baby Bell Ameritech in a stock swap valued at $62 billion. [News.com]
SGI boosts speed, drops prices
- Silicon Graphics will introduce new workstations in its low-end and midrange product families while simultaneously cutting prices. [News.com]
SPA denies Microsoft seat again
- Microsoft has lost another chance to win representation on the board of Software Publishers Association, an influential trade group that recently has taken a number of positions against the software giant. [News.com]
Sanctions to hurt business in India
- U.S. sanctions imposed yesterday will hinder virtually all American companies doing business in that country, government and commerce officials said. [News.com]
Satellite woes to hurt AirTouch
- AirTouch Communications said yesterday that last week's satellite failure, which disrupted paging service nationally, will cost the company about $2 million in customer credits and labor overtime costs. [News.com]
Saudis to allow Net access
- Saudi Arabia plans to legalize the Internet in the kingdom and allow select local firms to provide direct access, a state science and technology official told businessmen. [News.com]
Scient snares big name execs
- With three high-visibility executives in the fold, start-up computer services firm Scient is targeting three segments of the "electronic business" market for consulting engagements. [News.com]
Search chiefs "converge"
- The heads of six leading Internet search engine companies agreed that partnerships and alliances are a growing part of their business but they differed on how the deals should pan out. [News.com]
Secondary offering for EarthLink
- In the wake of big deals between Internet service providers and telecommunications companies, EarthLink Network said today that it plans to file for a secondary offering that will generate about $175.75 million. [News.com]
Security buying binge continues
- Continuing on its buying binge, Network Associates today said it will acquire a small Canadian security firm called Secure Networks Incorporated (SNI), which develops tools that scan networks for security holes. [News.com]
Security firms add services
- Faced with shrinking margins and dropping prices, security software firms are branching into the professional services area in search of new revenue sources. [News.com]
Security hole in My Excite
- Net search engine and gateway Excite is working to fix a security hole that affects users who customize news and information based on tailored settings such as their education level or personal interests. [News.com]
Sega game to use Windows CE
- Japanese game maker Sega Enterprises today said it would launch a new home video game console, Dreamcast, with the help of Microsoft . [News.com]
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