The Buzz: August 4, 2003

Pelham Sloane goes all-in-one.

Pelham Sloane Goes All-In-One

Startup Pelham Sloane is readying an all-in-one desktop that features the PC on the back of the monitor.

The companys PS1500, due to ship next month, features a 15-inch screen, behind which is the computer that comes with an Intel chip—either a 2.4GHz Pentium 4 or 1.8GHz Celeron—or Via Technologies C3 933MHz processor.

The PC, which comes in five models starting at $1,369, offers up to 1GB of memory and 120GB of hard disk storage and options that include a touch-screen and wall mount. In all, the monitor and computer are less than 3 inches thick and weigh less than 20 pounds. Sloane Pelham Chairman and co-founder John Jensen said the company will roll out 17-inch and 20-inch versions this year.

Similarly, MPC Computers last week introduced its ClientPro All-in-One, and Gateway next quarter will introduce an upgraded Profile desktop.

BMC to Slash Work Force

BMC Software, stung after a fiscal quarter that saw earnings plummet and losses skyrocket, will slash its work force by 13 percent, close facilities and consolidate offices, company executives said when the company announced earnings last week.

The database management tool maker reported first-quarter fiscal 2004 earnings of $6.6 million, or 3 cents per share, which compares with the 8 cents per share it reported at this time last year.

Microstrategy Hits Profit Numbers Again

Microstrategy reported its sixth straight quarter of profitability last week as its second-quarter revenues surged past the $40 million mark.

The business intelligence software companys net income dropped year over year, to $2.3 million, after coming in at $24.9 million in last years second quarter, when it was boosted by a contract termination with the now-defunct Xchange Applications.

In other earnings news, Onyx Software saw its revenues drop from $18.5 million in last years second quarter to $15.8 million this year.

Actuate Buys Nimble

Actuate, rumored to be a takeover target in the business intelligence space, announced an acquisition of its own last week, picking up data integration software developer Nimble Technology. Terms of the acquisition were not disclosed. Nimbles XML-based data integration platform uses XQuery to simplify data integration for Web services and BI applications.

Judge Dismisses Intel Investor Suit

A class action lawsuit that alleged Intel executives made false statements to inflate the companys stock price was dismissed last week.

U.S. District Judge Jeremy Fogel granted Intels motion to dismiss, saying plaintiffs failed to show that Intel officials knowingly misled investors about products or revenues in the third quarter of 2000.

Investors claimed Intel made statements in the summer of 2000 that drove the companys stock to an all-time high of more than $75 per share. The run-up was quickly followed by news that Intel was canceling one chip line and delaying the launch of its Pentium 4 and Itanium processors because of design and development problems. Within five weeks, Intels stock dropped to just over $35—a market capitalization loss of $271 billion.