3rd > January > 2003 Archive

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IBM wins $5bn JP Morgan outsourcing deal

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.
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Lawyers make killing in .biz lottery class action

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.
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Former Mercury CEO tipped as next C&W boss

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.
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ISPs vie for Hughes DSL customers

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.

IBM goes Lego with Ice Cube storage, server prototypes

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.
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US military medical records stolen in burglary

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.
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Hundreds of BT ADSL punters axed by mistake

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.
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Student held on DirecTV cracking charges

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.