Feeds

Roundup: Yesterday's markets

Shares up on expected US rate cut

  • alert
  • submit to reddit

High performance access to file storage

With Greenspanitis looming over Wall Street and Tokyo yesterday, in anticipation of an interest rate cut to be announced by the Fed today, little attention was paid to the biggest bankruptcy in Japanese history: an affiliate of the Long-Term Credit Bank went under owing more than $17 billion. Despite this, Tokyo and the Dow were up one per cent, although Nasdaq was marginally down. The distraction was the prospect of cheaper dollars and consequent exchange rate changes. Surprisingly, PC sales in Japan have been going up for quite a few weeks now. RealNetworks put on 15 per cent after it announced its AOL distribution deal, and Internet darlings Amazon.com and Excite went up eight per cent and seven per cent, respectively. Varian Associates said it would not meet expectations for its current fiscal Q4 (ending 2 October) because of a "lingering depression" in its semiconductor business. CEO Tracy O'Rourke said he expected the chip equipment slump to last another four to six quarters. In preparation for the setting up of two new companies from existing divisions early next year, Varian will take a $6 million charge in fiscal Q4. Sumitomo Corporation Group made a surprise investment in Softway Systems of San Francisco. Softway has a product called Interix which is said to aid those changing from Unix to NT, and not surprisingly was developed in a long-term agreement with Microsoft. It's strange that Microsoft itself did not come forward. Could it be that all Microsoft's lawyers are busy on other matters? The size of the investment was not disclosed, but it does not give Sumitomo control -- just a seat on the board. Sumitomo has 719 subsidiaries and associated companies. Apparently four Sumitomo Corporation Group members participated in the investment. That's risk spreading for you. ® click for more stories

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.