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Thursday 1 March 2001

Stockwatch Daily: European tech stocks slide after US giants tumble

European tech stocks took a nose dive this morning after US technology giants 3Com and Gateway both said they will miss earnings forecasts.

Yippee for IP: A network boom to be grateful for

It's one of the oldest clichés in the management consultant's handbook - if you want to make money in a gold rush, don't mine the gold, sell the shovels. It's so old and so hackneyed that it may well date back to the California gold rush of 1848. But there's some truth in it.

Corporates face lawsuit hell in wake of IR35

The fallout from the IR35 legislation could see IT companies beset by a wave of lawsuits from contractors suing for the kind of employment benefits typically reserved for permanent staff.

Vivendi gifts its employees the chance to get online

Over a quarter of a million staff at French media giant Vivendi are to receive free PCs in a deal with People PC.

Buy.com says bye-bye to 125 staff

Troubled online retailer Buy.com has cut 42 per cent of its US workforce.

Telco giants face hefty hangover after Y2K party

The top eight telecom equipment makers had a boom 2000 turning over $205.7bn, but they face tough times this year.

Analysts have a hunch about IP backbones

IP backbone providers are set to coin it in, even though many technology companies are currently struggling to keep their heads above water in the internet economy.

Kournikova crowned virus queen in February

The biggest virus infection of February was undoubtedly Anna Kournikova, the worm represented 38.2 per cent total viruses reported in the wild, according to anti-virus vendor Sophos.

Brocade clinches EC SAN deal

Storage company Brocade has made a deal with the Council of Europe to install storage area network equipment.

Intel puts data centre expansion on ice

Intel is to stop investing in new data centres because of fears of a US recession, and poor revenue from its existing four centres.

Ariba defends its B2B strategy

Ariba has denied its move away from pure e-procurement is a bid to counter the declining margins of e-procurement products.

SMEs get boost in chasing up debtors

Credit insurance company Credico has unveiled its Cashflow Trader software aimed at helping SMEs collect late payments.

US consumers get caught in the net

Home broadband boomed in the US last year, with the number of households doubling to more than doubling to 7.8 million.

Gateway warns it's further from profit than hoped

Troubled PC manufacturer Gateway yesterday announced it does not expect to return to profit until much later this year.

German techies invent hacker killer

Hack attacks, worms and viruses could be a thing of the past, according to academics at a top German research institute who've invented a security system they claim outperforms even the best modern firewalls.

Sybase recovers after share slump

Shares in database vendor Sybase climbed nearly five per cent yesterday - showing signs of recovery after slumping on Tuesday, which came on the back of the company's purchase of middleware vendor Neon.

6,000 more staff walk at WorldCom

WorldCom is to shed 6,000 of its workers in the US in a restructuring of its business.

Amazon left battered by bankruptcy rumours

Amazon.com shares dived 13 per cent on Nasdaq yesterday in the wake of rumours the company is about to file for bankruptcy.

Smartrust staff pay the price for an immature security market

Smartrust, Finish telco Sonera's wireless security arm, is to axe almost 20 per cent of its staff.

Site Confidence offers SMEs website health checks

UK company Site Confidence is enabling SMEs to check up on the performance of their websites and ISPs in order to see how their ebusiness operations are performing.

3Com losses double

Network equipment maker 3Com has announced that losses for the third quarter will be twice as large as the previous quarter.

Gates in earthquake scare

An earthquake in Seattle late last night caused lights and ceiling tiles to fall in on an audience of educators listening to Bill Gates, chairman of Microsoft, espousing the features of the upcoming Windows XP operating system.


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