25th October 1998 Archive

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Microsoft under real pressure now to finish NT 5.0 beta 3 by Thanksgiving

Developers race to meet turkey deadline

Microsoft is now on a tight schedule to finish the third beta of Windows NT 5.0 by Thanksgiving Day. It promised it would so only one month ago. At the Intel Developer Forum earlier this year, a senior executive at Microsoft US told over 250 developers for the chip giant that his company is on target to deliver the release in …

Business 25 Oct 1998, 16:38
Iomega finds Rockwell White Knight to turn company around

Poached CEO completes board restructuring

Only a week after ZIP drive manufacturer Iomega announced its third quarter financial results, it said it has found a new CEO to steer its ship to better times. The company poached Jodie Glore from Rockwell Automation to complete the process of board restructuring it has suffered during the course of the last six months. Glore …

Business 25 Oct 1998, 16:54
Moto, Aureal team – softly

Product for Intel AMR and mobile version Q1 1999

Motorola and semiconductor firm Aureal are to create a product which will integrate 56K soft modem technology with 3D audio. The companies said Friday they had entered into a strategic alliance which will also use A3D positional audio algorithms for the family of products. The reason, said an Aureal representative, was a natural …

Business 25 Oct 1998, 17:07
Hyundai comes up with 500 cow idea – again

Chaebol under pressure from banks as 20 luxury cars go north

Whenever it seems Hyundai is under pressure from the International Monetary Fund (IMF), his own President Kim, or the South Korean banks, Mr Chung Ju-yung comes up with the cow idea. Earlier this year, in advance of talks which outsider observers hoped would result in a re-shuffling of South Korean chaebol business, Mr Chung …

Business 25 Oct 1998, 17:28
“Leaked memo” claims Intel's vendor of choice rating slumped in Q3

Craig Barrett's report to troops says job cuts will continue

Ginger group FACE Intel has published what it claims is an internal memo from CEO Craig Barrett to his staff worldwide. According to the memo, Barrett warned his staff against overspending on expenses claims but thanked them for increasing turnover and profit. At the same time, Barrett gave Intel staff an update on the progress …

Business 25 Oct 1998, 18:02