28th August 1998 Archive
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Kyocera forecasts decline in profits
Semiconductor market to blame
Kyocera issued a profit warning for the first half of its financial year which ends on the 30th of September. The company said it estimates that its profit will fall by 13 per cent compared to the same period last year, with problems in the semiconductor industry blamed for the drop. According to the company, its gross profit …
Business 28 Aug 1998, 09:30
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Intuit shows loss on vastly increased turnover
Seeks to remodel itself as wider software firm
Software company Intuit made a net loss in its fourth quarter of $39 million on turnover of $117.3 million. In the same quarter last year, Intuit made a loss of $19.8 million on $79.1 million turnover. The company said the results included a once only charge of $53.8 million, after it bought Lacerte Software. According to the …
Business 28 Aug 1998, 09:48
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Acer's chief takes pay cut as Taiwan warns of recession
Widens forecast of loss in 1998
Stan Shih, CEO of Acer, has taken his first steps to restore the ailing semiconductor division of the company by cutting his own salary by 30 per cent. Separately, the Taiwanese government issued a warning that the country was in danger of entering a recession. Shih expects other executives and staff at Acer Semicon to take pay …
Business 28 Aug 1998, 10:15
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Dixons hires man to wiggle his PC hips
Turned round the Hula Hoops brand
Dixons said that it had appointed Jonathan Cowan to head up its private label computer brands. He will work in its PC World subsidiary with the aim of promoting Dixons PC brands, including the Advent brand. Cowan was poached from Nestle and also worked for KP Foods. There, he was credited with turning round the Hula Hoops brand …
Business 28 Aug 1998, 10:35
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PC card modems market to grow to six million units by 2002
Psion Dacom in pole position
A Dataquest survey of the modem PC card industry in 1997 has shown that Psion Dacom still holds the top slot in the Western European market. The figures show that Psion Dacom helds 16 per cent of the market, followed by 3Com at 15.2 per cent, with Xircom holding third place at 11.5 per cent and TDK at 5.9 per cent. Psion Dacom's …
Business 28 Aug 1998, 11:20
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BT goes down in ISP weakness
Down, down for over twelve long hours
BT Internet's proud boast to be the UK's favourite ISP looked a little weak today, when the service crashed for in excess of 12 hours. At 11:30pm Thursday 27 August, the entire BT Internet service crashed. By 8:30 Friday morning, BT Internet support staff were advising callers to wait an hour or two before trying to reconnect. …
Business 28 Aug 1998, 13:29
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Highlander becomes master reseller for Wise
Windows applications the core
South London-based software dealer, Highlander Software, has signed a deal to become a Master Reseller for Wise Solutions, a US software developer. Wise specialises in software for distributing Windows applications, one of its utility applications, Wise Installation System, includes a wizard to guide users through Windows …
Business 28 Aug 1998, 13:31
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Snickers to OEM Big Blue Magstars
Storage deal means Siemens Nixdorf will OEM drives
Siemens Nixdorf (SNI) is to start to OEM-ing the IBM range of Magstar tape storage products. An agreement signed this week will mean SNI becomes the first OEM partner to gain access to the whole IBM Magstar range. IBM has been supplying storage products to SNI for the last 10 years under different OEM agreements; the existing …
Business 28 Aug 1998, 13:38
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Prosoft buys Irish courseware company
Deal means all ICII's shares acquired
Ireland-based Internet Certification Institute International (ICII), a body which licenses courseware and provides technical training, has been bought out by US training company Prosoft. Prosoft has acquired all of ICII's shares in the deal, which will help the US company break into Europe. Jerry Baird, Prosoft chairman and CEO …
Business 28 Aug 1998, 13:41
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Cadence buys Bell Labs EDA group
Three year deal involves services to Lucent
Cadence said today it had struck a deal with Lucent in which it would acquire the Bell Labs Design Automation Group (BLDA). It did not say how much it paid for the electronic design automation (EDA) component of Bell Labs. Over 100 of the employees, largely made up of software engineers, consultants and doctorate technologists, …
Business 28 Aug 1998, 13:52
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Qualcomm and Ericsson jaw-jaw
Two companies close to deal over CDMA
Ericsson and Qualcomm are continuing to talk over licensing arguments, following the refusal of the Japanese company two weeks to license its technology. Qualcomm has intellectual property rights on the CDMA mobile phone technology and put its foot down on licensing that technology to a mass of companies which want to establish …
Business 28 Aug 1998, 14:06
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IBM stores solutions for EMU
But no sign of Rod Hull
IBM has introduced an initiative in conjunction with its partner Storage Tek aimed at exploiting storage opportunities arising from European Monetary Union (EMU). Big Blue said that customers will now only pay for storage capacity that is required, irrespective of how much storage is installed. SnapCapacity Storage for …
Business 28 Aug 1998, 14:32
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Microsoft money "waivers" Sun contract breach suit
You took the money, now pay the price
Microsoft has come up with a novel defence in the Java breach of contract suit launched by Sun Microsystems. It argues that Sun took $3.75 million as a licensing fee for Java from Microsoft - and so the company can't claim that Microsoft breached a contract that enabled it to use Java in its products. "Acceptance of performance …
Business 28 Aug 1998, 14:34
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Energis pays £75 million for Planet Online
Independent ISP falls to telco
Paul Sykes, our least favourite mult-millionaire, has done it again. The businessman from Yorkshire (the county for which the word dour was invented), who funds the election expenses of anti-European Conservative MPs out of his own pocket, is in the money again. This time through his major stake in Planet Online, the Leeds-based …
Business 28 Aug 1998, 14:38
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AMD sees red mist over 350MHz parts
But fails to provide evidence to contrary
Advanced Micro Devices (AMD) has denied that the story which appeared in yesterday's issue of The Register is true. We reported yesterday that there were additional cautionary statements in a press release about its K6-2 350MHx part which went beyond the usual sort of statements in such a release. Frenzied phone calls from AMD …
Business 28 Aug 1998, 22:33
