Microsoft Corp. today announced that it will take a majority stake in a new online home mortgage and real estate company, called HomeAdvisor Technologies Inc., which the software giant is forming with several partners.
In a long-awaited move, Sweden's former monopoly telecommunications carrier Telia AB yesterday opened its local loop network to allow competitors direct access to the copper lines connecting end users.
Driven by rebounding corporate sales and a dynamic consumer segment, personal computer sales in the Europe, Middle East and Africa (EMEA) region are expected to reach 38.8 million units in 2000, an increase of 16.4 percent over last year, according to the latest forecast from market researcher International Data Corp. (IDC).
Embedded Linux vendor Lineo Inc. yesterday announced that it will acquire a Japan-based systems engineering company to expand the reach of its Embedix Linux-based operating system beyond Intel Corp.'s processors.
Business-to-business electronic commerce software provider Ariba Inc. yesterday announced two separate deals with American Express Co. and Dell Computer Corp.
Computer and electronics manufacturer Hitachi Ltd. late last week lowered profit expectations for its fiscal year 1999, citing lower than expected sales of mainframe computers as a main reason for the shortfall.
Andersen Consulting Inc. and Microsoft Corp. today announced plans valued at US$1 billion to further deepen an existing global alliance, including the formation of a new joint venture which will deliver software applications for electronic business.
Qwest Communications International Inc. late yesterday announced that a "major telecommunications company" -- widely rumored to be Deutsche Telekom AG -- had decided to withdraw from talks about acquiring Qwest and its merger partner US West Inc.
Philips Semiconductors, a chip maker affiliate of Royal Philips Electronics NV, has announced the formation of a new business unit aimed at tapping the rapidly growing networking market.
Two lawsuits related to an allegedly fraudulent purchasing scheme have been filed by bidding vendors against Electronic Data Systems (EDS), which acted as the coordinator for the bids, the company announced on Wednesday.
Chips are up again. Worldwide semiconductor sales reached US$14.8 billion for the month of January, an increase of 32.9 percent from $11.1 billion in the same period a year ago, the U.S. Semiconductor Industry Association announced yesterday.
VeriSign yesterday announced a definitive agreement to acquire Network Solutions in an all-stock transaction valued at $US21 billion.
Compaq Computer Corp. and Gateway 2000 Inc., in tandem with Advanced Micro Devices Inc.'s launch of the 1GHz Athlon processor, today launched new systems powered by the speedy chip.
L.M. Ericsson Telephone Co. today announced the signing of a letter of intent for a major expansion and upgrade of Saudi Telecommunications Co.'s (STC) mobile phone network in Saudi Arabia.
3Com's Palm Inc. unit announced earlier this week that America Online, Motorola and Nokia have agreed to buy stakes in the company at the asking price of $A23 per share for its long-awaited initial public offering.