Stories by Clare Haney

AOL, Compaq, Gateway, Sony Invest in Transmeta

Chip startup Transmeta Corp. today announced it has added some powerful investors, with the closing of a round of financing valued at US$88 million. America Online Inc. (AOL), Compaq Computer Corp., Gateway 2000 Inc. and Sony Corp. are among the new corporate investors in the privately-owned chip vendor.

Ask Jeeves Stresses Popularity as Differentiator

Web information access provider Ask Jeeves Inc. today took the wraps off its Webwide Navigation Services, a suite of three popularity-based Internet navigation products. The company is hoping that the suite will help differentiate its product portfolio in the crowded Net search technology market.

Intel to Put Back Desktop Celeron Launch to June

Intel Corp. is delaying its planned launch of two desktop Celeron chips until June, sources close to the company said today. The two chips -- with clock speeds of 633MHz and 667MHz respectively -- were set to appear Monday.

Disney, Compaq Suit Up for Space Mission

Compaq Computer Corp. has signed a 10-year pact with Walt Disney Co., the two companies announced today. One of the key planks of the agreement will be Compaq's sponsorship of and provision of hardware and software technology for Mission: Space, a planned space simulation attraction at Walt Disney World's Epcot Center in Florida.

SAP America CEO Quits In Wake of Poor Results

The steady trickle of leading executives leaving the U.S. operation of ERP (enterprise resource planning) software vendor SAP AG continued today with the company announcing that the head of SAP America Inc. has quit.

Demand Boosts Intel's Q1 Revenue to US$8 Billion

Customer demand for Intel Corp.'s products boosted the U.S. chip giant's first-quarter revenue to US$8 billion, a rise of 13 percent on the $7.1 billion revenue it reported for the year-ago quarter, Intel announced today.

ADIC Finds a Cheap Storage Home for Static Data

U.S. storage specialist Advanced Digital Information Corp. (ADIC) later today is set to announce StorNext, a range of NAS (network attached storage) devices. The appliances are aimed at IT departments in search of a way to off-load static data from their servers while still retaining cheap, rapid and direct end-user access to such data.

Oracle Provides Details on CRM Service Modules

Oracle Corp. today released details of nine CRM (customer relationship management) service modules due to ship in May as the company's Service 11i component of its CRM suite. Three of the nine CRM service modules are new product offerings, with the rest being upgrades of the company's existing CRM 3i suite, which shipped last year.

Iona Rounds Out iPortal Suite

Iona Technologies Inc. is using its Iona World developer conference, which gets underway in Boston today, as a showcase for the company's iPortal Suite. The middleware vendor released two more pieces of the suite today, as well as making product announcements related to the firm's flagship ORB (object request broker) Orbix and unveiling some iPortal strategic partnerships.

Iona Likely to Extend iPortal Suite via Purchases

Iona Technologies Inc. is already looking at adding further functionality to its five-component iPortal Suite by licensing and acquiring technologies. It may also buy companies outright not just for their technology but for their sales channels, according to the company's head.

TechnologyNet Moves to Connect India to World

U.S. IT industry information portal company TechnologyNet Inc. is making its first move into the Indian marketplace via an alliance with the country's largest ISP (Internet service provider). TechnologyNet is set to finalize similar agreements in Brazil and China over the next 30 to 60 days, according to the head of the U.S. company.

Xerox to Cut 5,200 Jobs in Global Restructuring

U.S. office equipment maker Xerox Corp. is to cut 5,200 jobs, or 5.5 percent of its work force, as part of a worldwide restructuring program, the company announced today. Xerox will also take a pretax charge of around US$625 million in its upcoming first quarter to cover the planned restructuring.

AMD to Retain Network Products Division

Advanced Micro Devices Inc. (AMD) is to keep its network products division, not sell it off as previously determined, the U.S. chip maker announced today.