3Com and USWeb/CKS have entered into an agreement that will involve 3Com investing up to $US100 million toward the development of mobile, corporate electronic-commerce applications. The deal also calls for 3Com to purchase a $40 million stake in USWeb/CKS, a provider of Internet consulting services.
Nortel Networks has paid $US3.25 billion in Nortel stock to buy Qtera, a privately-held maker of long-reach optical networking systems.
3Com has filed a registration statement with the US Securities and Exchange Commission for an IPO (initial public offering) of less than 20 percent of its subsidiary, Palm Computing.
Attempting to dispel long-standing concerns that Compaq Computer is not fully committed to its 64-bit Alpha microprocessor technology, Alpha, the company yesterday announced investments of $US500 million in the chip architecture.
Compaq Computer yesterday announced changes in its sales and distribution model for Europe, Middle East and Africa (EMEA).
Corel president and CEO Michael Cowpland outlined some of the reasons the Canadian applications company is betting heavily on the Linux operating system.
Citing revenue growth in mobile communications, data traffic and its international ventures, British Telecommunications PLC today reported profit and revenue above analyst expectations.
BT turned in operating profit of 869 million pounds (US$1.41 billion) for its second fiscal quarter ended Sept. 30, up from 857 million pounds in the comparable quarter of last year, the telecommunications carrier said in a statement today.
Cable & Wireless has reported a 40 per cent drop in net and operating profit it attributed mainly to problems with its Hong Kong subsidiary, Cable & Wireless, and the continued expense of building up its network.
While Europe currently lags behind the US in electronic commerce, the widespread use of mobile technology and smartcards will help Europe catch up or even surpass the US, according to analysts here.
Packard Bell NEC is closing its manufacturing plant in Sacramento, California, as part of a larger reorganisation that will result in layoffs of some 80 per cent of the company's US staff, and the withdrawal of the Packard Bell brand from the US consumer PC market.
Compaq Computer chief executive officer Michael Capellas here yesterday reiterated that his company's strategy has shifted towards electronic business and pointed to some expected product announcements in the next few months.
British Telecommunications has no plans to merge with or be acquired by its partner AT&T within the next 12 to 18 months, said BT's president and chief executive officer in a keynote interview here yesterday at Gartner Group's European Symposium/ITxpo '99.
Participants at the Gartner Group's European Symposium/ITxpo '99 this week should expect to hear much about electronic commerce, wireless technology and sourcing - a new buzzword that Gartner uses to describe the various ways that corporations can staff IT projects.
Lucent Technologies yesterday reported increased revenue and increased profit for its fourth quarter and fiscal year, driven, it said, by the rapidly growing areas of optical networking, wireless networking, data networking and professional services.
Under the theme of accessing information anywhere and anytime, Compaq has launched a series of new products including thin-client products, wireless LANs and new laptop computers.