eWEEK EDITORS

Intel Corp. named veteran Paul Otellini to the newly-created post of president on Wednesday, placing him next in line for the CEO spot. “Its part of the normal succession planning,” an Intel spokesman said. “Before Barrett became CEO (in 1998), he held the title of president and chief operating officer.” Otellini, 51, will join chief […]

Filling a small hole in its product offering, enterprise data storage giant EMC Corp. will share APIs with NSI Software. The deal, announced on Tuesday, gives Hoboken, N.J.-based NSI—or Network Specialists Inc.—the ability to port its popular DoubleTake replication software to EMCs midrange Clariion series of direct-attached storage hardware. With its own product, SRDF, EMC […]

Despite a 77 percent plunge in year-over-year profits, Intel Corp. topped Wall Street expectations for the fourth-quarter, enabling the chipmaker to conclude an otherwise sour year on a positive note. Excluding one-time charges, Intel posted a profit of $998 million, or 15 cents a share, significantly higher than the 11 cents per share projected by […]

Hewlett-Packard Co. plans to pay about $575 million to more than 6,000 employees to dissuade them from abandoning their jobs should the company complete its $25 billion buyout of Compaq Computer Corp. The retention agreements are designed to assure that key executives and employees will stay on at the merged HP for at least a […]

Business is becoming more complex, and enterprises are under a lot of pressure to more accurately and consistently manage their money. Softrax Corp. said it has the answer. The Canton, Mass., company has launched its Revenue Management Module, which enables companies to more easily understand and forecast their financial futures and simplifies compliance with various […]

For e-commerce sites, gearing up to take orders from wireless devices can be costly, complex and time-consuming. Clickmarks Inc. has a product designed to make all of that easier. M-Commerce ToolKit, which is available now via a software license or as a service from the Fremont, Calif., company, enables enterprises, service providers or wireless carriers […]

In position Thales Navigation and Rand McNally Inc. have partnered with Palm Inc. to launch a Global Positioning System offering for Palm m500 handheld devices. On the map The Magellan GPS Companion, which features Rand McNallys Streetfinder Deluxe software, creates and exports a directional route to a Palm m500 and provides audio-prompted, turn-by-turn directions on […]

If youre looking for one product family to cover an entire LAN system from the wiring closet to the backbone, Foundry Networks Inc. may have what youre seeking. The San Jose, Calif., company is releasing three upgraded Layer 3 modular switches to complement its FastIron system. The switches, the FastIron 400, 800 and 1500, built […]

USi Finally Files for Chapter 11 It didnt come as the biggest surprise, but USinternetworking—the once-highflying pioneer of the application service provider field—last week finally filed for Chapter 11 bankruptcy. At the same time, USi said it had signed an agreement under which Bain Capital Partners, through Bains USi Holdings affiliate, will invest $106 million […]

IBMs decision last week to farm out the manufacturing of its desktops marks the latest bid by a PC maker to rein in expenses amid weak sales and eroding profits. But the growing emphasis on cutting costs may lock away the key to the industrys resurgence—innovation. Overall, PC makers have become averse to gambling on […]

Instead of buying multiple failover devices or manually plugging in and unplugging cables between workstations and host devices, enterprises can now buy a new SCSI switch from Apcon Inc. with automated switching. The 2×1 Electronic SCSI Crosspoint Switch provides a software-controlled way to connect multiple peripheral devices to a failover host device. Three SCSI buses […]

Thanks to stronger-than-expected sales, Compaq Computer Corp. last week said it will post a profit rather than a loss for the fourth quarter of 2001. Direct-order PC maker Gateway Inc., however, last week warned that its fourth-quarter sales fell far short of Wall Streets expectations. Houston-based Compaq said it expects its revenue for the fourth […]