7th November 2002 Archive

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MBO at Engage Ad-serving unit

CMGI unravel continues

CMGI Inc's former dot-com empire continued to unravel yesterday, with the announcement that Engage Inc's internet ad delivery unit has been bought out by its founding management team. The unit, which provides advertising systems to the likes of Microsoft and Travelocity, will be named Accipiter Solutions Inc, after the …

Business 7 Nov 2002, 07:56
Turbolinux sells clustering business to start-up

Ex-employees

Asian Linux distributor Turbolinux Inc has sold its EnFuzion clustering software to start-up Axceleon Inc, which has been founded by three ex-Turbolinux employees with the backing of investment firm Havenhill Technologies Group. San Francisco, California-based Axceleon has acquired the EnFuzion clustering products and …

Hardware 7 Nov 2002, 07:56
Corel cuts staff in bid for profitability

Calling all departments

Corel Corp has announced that it has reduced its workforce by 220 employees, approximately 22%, as it aims to become profitable and generate positive cash flow. The Ottawa, Canada-based graphics and office software vendor said the cuts would affect all departments and enable it to reduce its payroll costs by around $12m …

Business 7 Nov 2002, 07:56
Vodafone renews offer for Vivendi's Cegetel stake

Not raising stakes

Vivendi Universal SA's gamble that it could force Vodafone Group Plc to come back with an improved offer for its 44% Cegetel stake has spectacularly failed, after the Newbury, UK-based company renewed its original offer of 6.77bn euros ($6.64bn), which Vivendi rejected last week as too low. "Vodafone believes its cash …

Business 7 Nov 2002, 07:57
Oasis ratifies SAML 1.0

Security standard

As expected, Oasis, the consortium of vendors and end users which stewarded the development of the XML standard, has announced that Security Assertion Markup Language (SAML) version 1.0 has been ratified as an Oasis Open Standard. The Organization for the Advancement of Structured Information Standards (Oasis) says that …

e-Business 7 Nov 2002, 07:57
Veritas acquires Storage Reporter

Sharpens focus on storage costs and control

Veritas Software today bought NTP Software's Storage Reporter for an undisclosed sum. Storage Reporter is designed to give IT managers a detailed view of their enterprise storage usage and more control over storage management and its associated costs. The technology will be integrated within Veritas's storage resource …

Storage 7 Nov 2002, 16:40
109-bit Elliptic Curve Cryptography knocked over with brute force

Algorithm remains sound

Academics yesterday scooped a $10,000 prize after using a distributed computing network to decrypt a message scrambled using an 109-bit implementation of Elliptic Curve Cryptography. The success of Chris Monico and his team of mathematicians from Notre Dame in solving the Certicom ECCp-109 challenge was achieved using raw …

Security 7 Nov 2002, 16:41
Terra Lycos hits Q3 target

Still in the red

Spanish Internet media company Terra Lycos - which includes operations such as the Lycos portal, RagingBull.com, Tripod.com and Wired.com - says it has met Q3 revenue targets for the business. Reporting Q3 results today it said revenues rolled in at €169m - well between the €165m and €175m it predicted back in July - and up a …

Business 7 Nov 2002, 17:02
HP edges IBM and eclipses Sun in SSL benchmark

Security benchmarketing

Its Round 94 of the battle of the benchmarketing press releases, with HP yesterday trumpeting its recently introduced HP Server rp5405 outperforms comparable Unix servers from IBM and Sun in secure transaction benchmark tests. A four-processor HP Server rp5405, using Zeus Web Server for HP-UX 11i and four PA-8700 650-MHz …

Servers 7 Nov 2002, 17:37