eWEEK EDITORS

Gateway, one of the PC companies hardest hit by the slowdown in the sector, on Thursday reported third quarter revenue of $1.4 billion and a net loss of $520 million, a figure that includes special charges. Nevertheless, the company said it still expects to return to profitability in the fourth quarter of 2001 “on a […]

Earlier this week, on Oct. 16th, Microsoft launched BizTalk Server Accelerator for RosettaNet, bringing to an end a period in which some XML observers believed Microsofts XML might function only with Microsoft products. BizTalk Server Accelerator for RosettaNet is connection software between Microsofts XML server and the RosettaNet standard for using XML documents to communicate […]

Kontiki, the peer-to-peer content distribution startup formed by former AOL and Netscape Communications executives, today announced that it has lined up a dozen customers, including Amazon.com and Sony, which will be using the beta version of its system. The startups initial customers are Amazon, Electronic Arts, eRede, Jamcracker, LivePlanet, Loudcloud, Mondo Media, MP3.com, Palm, Sony […]

The Internet and corporate data traffic are not growing as fast as carriers expected when they provisioned fiber-optic networks last year. But Global Crossing has enough cash to survive the slowing market for dark fiber, one of its key products, said Dan Cohrs, the companys chief financial officer, speaking to attendees at the Emerging Communications […]

Software soared and global services continue to grow. But IBMs third quarter revenues and profits were hit hard by plunging sales of hardware. On Tuesday, IBM announced that its third quarter revenues dropped by six percent from the year-ago quarter, to $20.4 billion. Net income was $1.6 billion or 90 cents per share, a 19 […]

British Telecom and AT&T both will recover decently from their ill-timed Anglo-American attempt to bring global services to multinationals, analysts say. In fact, the dissolution of the Concert joint venture – announced Tuesday – will help both long-distance telecoms focus on their core businesses, letting them speed deployment of broadband to their respective continents. The […]

Despite continued strong sales of its PC chips, Advanced Micro Devices Inc. on Wednesday reported that it lost $186.9 million in the third quarter, blaming an ongoing price war with Intel Corp. for pummeling processor profits. Officials at the worlds second largest PC chipmaker argued that while the companys earnings were disappointing, AMDs fundamental businesses […]

U.S. labor productivity nearly doubled between 1995 and 2000, but information technology had less to do with it than most observers think. Thats the conclusion of a just-released study about U.S. productivity from the McKinsey Global Institute. Presented at the Agenda 2002 gathering of high tech executives in Phoenix, the findings discovered that labor productivity […]

Open source desktop company Ximian yesterday named Mitchell Kapor to its board of directors. Kapor was the founder of Lotus Development, the designer of Lotus 1-2-3, and president and CEO of Lotus from 1982 to 1986. Since leaving Lotus, Kapor has been the founder and chairman of the Electronic Frontier Foundation and the Massachusetts Commission […]

As expected, storage hardware leader EMC Corp. announced its first quarterly loss since 1989 this morning. Unexpectedly, the loss was twice as bad as most analysts predicted. Citing overall market conditions, the terrorism events of Sept. 11, the pricing methods of its competition and EMCs overall execution, EMC reported a third-quarter loss of $270 million, […]

Low-power chip designer Transmeta Corp. fired chief executive Mark Allen on Tuesday after only seven months on the job, citing the companys recent poor performance. Company Chairman Murray Goldman, who joined Transmeta in 1998 after retiring from Motorola Inc.s semiconductor products division, will now also serve as the chipmakers CEO. In addition, Transmeta said it […]

Microsoft Corp. reorganized late Tuesday, creating a new developer division headed by Eric Rudder, the long-time, right-hand technology assistant to company Chairman Bill Gates. Rudder was named senior vice president in charge of the newly minted Microsoft Developer and Platform Evangelism Division. The new division is charged with reaching out to Microsofts core constituency — […]