Microsoft is looking to nobble AOL Time Warner's attempts to buy AT&T's cable business.
Cisco Systems is back on the acquisition trail with the purchase of virtual private network (VPN) vendor Allegro Systems for $181 million in stock.
Terra Lycos, the Spanish/American ISP-cum- Net portal turned in Q2 sales of E180 million ($157.46 million), 34 per cent up on Q2, 2000. The company also pulled a rabbit out of the hat, with revenues E10-15 million higher than its previously published forecasts for the quarter (E165-170 million).
The consortium behind the £8 billion bid for BT's local loop network in the UK remains confident that BT hasn't walked away from the table.
Ebookers today posted reduced losses for the second quarter, while saying it expected to be cash flow positive by Q2 2001.
Leaders of the Open Source community gathered in San Diego last week, and various panels discussed everything from Apache to Linux to XML during the week. The most anticipated events, however, were the keynotes and panel discussions featuring Microsoft v.p. Craig Mundie and Red Hat CTO Michael Tiemann. "Open Source isn't the issue."
Intel has launched its first mobile Pentium III processors produced using a 0.13 micron process. The company says they are available in volume from today.
The open source instant messenger project Jabber has taken a step towards becoming the technology behind SMS chat rooms.
Workers at Lucent are being left in the dark during the firm's expanded cost-cutting measures, literally.