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3rd January 2003 Archive

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  • IBM wins $5bn JP Morgan outsourcing deal

    Staff transfers etc.

    IBM Corp used the quiet of the holiday season to finalize contract details on its $5bn seven-year infrastructure outsourcing deal with investment bank JP Morgan Chase & Co, which is said to be the largest of its kind and bigger than an earlier $4bn win for IBM with American Express. The agreement signed with the investment …

    Business 3 Jan 2003, 10:15

  • Lawyers make killing in .biz lottery class action

    Pay Day

    NeuLevel Inc, the operator of the .biz top-level internet domain, is to pay out over $1.2m to settle charges that the .biz launch period constituted an illegal lottery. The main winners in the proposed settlement are the class action plaintiffs' attorneys, which will receive $1.175m in fees. NeuLevel was sued over claims that …

    Music and Media 3 Jan 2003, 10:15

  • Former Mercury CEO tipped as next C&W boss

    Clean hands

    A sudden decision by Duncan Lewis to step down as a shadow director of bankrupt cable operator NTL Inc has raised speculation that he has been lined up to replace Graham Wallace as chief executive of Cable & Wireless Plc. Lewis was expected to become a director of a restructured NTL when it emerges from Chapter 11 protection …

    Business 3 Jan 2003, 10:16

  • ISPs vie for Hughes DSL customers

    160K US subscribers up for grabs

    Hughes Electronics Corp's decision to exit the DSL market in the US has remaining ISPs competing for the business of its soon-to-be stranded customers. With 160,000 broadband subscribers up for grabs, EarthLink Inc yesterday announced it will offer DirecTV DSL customers a $21.95 a month introductory offer, as well as specials …

    Telecoms 3 Jan 2003, 10:16

  • IBM goes Lego with Ice Cube storage, server prototypes

    Live and Let Die

    IBM's Almaden Research Center has built a prototype of a storage and server packaging that may portend how we plug together IT components in the not-too-distance future, writes Timothy Prickett Morgan. The prototype was developed under the code-name Ice Cube at the Almaden facility, where IBM does research primarily related to …

    Telecoms 3 Jan 2003, 10:17

  • US military medical records stolen in burglary

    Private records on parade

    The medical and social security records of more than 500,000 retired and serving US military personnel were stolen in a break-in last month. Sensitive information, including names, addresses, social security numbers, and some claims information with diagnoses of US servicemen, was obtained when thieves stole computers from the …

    Security 3 Jan 2003, 14:44

  • Hundreds of BT ADSL punters axed by mistake

    D'oh

    Hundreds of BTopenworld's ADSL customers had their service cut off this week because of a clerical error by the telecom giant's broadband arm. The punters had their connection disconnected on and around New Year's Eve, while still more received unexpected letters informing them that their contract was to be curtailed. A …

    Telecoms 3 Jan 2003, 20:10

  • Student held on DirecTV cracking charges

    Tough economic espionage laws invoked

    A Russian student accused of stealing documents about satellite TV anti-piracy technology and passing them on to underground Web sites was arrested by the FBI yesterday. Igor Serebryany, 19, of Los Angeles, is accused of sending details of DirecTV's latest "P4" access card technology, which has thus far proved uncrackable to …

    Security 3 Jan 2003, 20:12