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.
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.
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.
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'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 medical and social security records of more than 500,000 retired and serving US military personnel were stolen in a break-in last month.
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.
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.