Qwest reports losses; plans to cut more jobs
After adjusting its earnings expectations for the quarter, Qwest Communications International announced today it will cut 7,000 jobs by June.
After adjusting its earnings expectations for the quarter, Qwest Communications International announced today it will cut 7,000 jobs by June.
The U.S. Department of the Interior is slowly getting back online after a federal judge last week ordered all of the department's computers to be disconnected from the Internet.
A month after one buyer pulled out, Egghead.com was sold last week to Amazon.com Inc. for US$6.1 million in cash.
Cendant Corp. will outsource much of its IT operations to IBM Corp. in a 10-year, US$1.4 billion deal that covers more than 40 business units in the real estate, financial and travel industries.
Aside from a spike in the number of layoffs among dot-coms after Sept. 11, the hemorrhaging of jobs at Internet companies continues to slow, according to the analyst firm Challenger, Gray & Christmas Inc.
Three years before its current contract is to expire, Xerox Corp. announced that it is extending its outsourcing contract with Electronic Data Systems Corp. another five years, until 2009. The value of the extension is US$1.5 billion.
Oracle has announced a migration service to lure users of Microsoft's Exchange e-mail server to the Oracle9i database.
Hewlett-Packard announced that it has reduced the pricing for its high-end Unix server by as much as 30 percent, spurred by a drop in memory component pricing and pressure from IBM Corp.'s p690 server, formerly code-named Regatta.
Microsoft Corp. now has a patch available for the security hole in Internet Explorer Versions 5.5 and 6 that can expose cookie data to malicious hackers.
A judge ruled that a California man must pay software vendor Novell Inc. US$680,000 in a scheme to profit from pirated software, the company said.
The terrorist attacks of Sept. 11 did more than ground airline traffic for a few days. They also scuttled IT projects at companies throughout the travel industry.
Privacy advocates are demanding that Federal Trade Commission (FTC) Chairman Timothy Muris stop Microsoft Corp. from "unfairly and deceptively" obtaining customer information through its Passport services and Windows XP operating system, which is due to be launched Thursday.
Lucent Technologies Inc. is pinning its hopes for a turnaround on the new head of its Bell Labs division.
Microsoft Corp. said it is adding a rating system to its security warnings to help customers take the appropriate steps when faced with a security threat.
Messaging administrators came to Microsoft's MEC 2001 conference last week hoping to learn about Exchange 2000 and instead got a heavy dose of .Net, even though they're still struggling with upgrades to Active Directory and Exchange.