By Will Sturgeon, 24 January 2001 09:15
NEWS Sun is hailing the settlement as a victory for the company and for the ideal of open software standards. It is probably also hailing it as a rather useful stack of cash as Microsoft has agreed to hand over $20m. Other details of the settlement include Microsoft's acceptance of Sun's termination of its prior Java licensing agreement and Microsoft relinquishing its use of the Java trademark... This morning's Guardian reports on yesterday's goings on at Sema. Despite the sacrificial head of under fire CEO Pierre Bonelli a second consecutive profit warning saw the company fall deeper into crisis. Bonelli's departure was too little too late for investors who marked a troubled six months for the software and consultancy firm by shedding their stock - seeing the share price fall 12 per cent, or 47.5p to 353.5p during the day... The Financial Times also reports that Compaq has posted fourth quarter results that beat downgraded expectations on Wall Street. Not wishing to get carried away by a minor success in a depressed market Compaq quickly moved to further curtail its expectations for the year ahead... Finally, the Financial Times brings word that a booming trend for internet gambling has seen Sportingbet.com make a successful debut on the stockmarket. The online bookie has raised £18m from its IPO - clearly extolling the virtues of the vice it promotes by taking a gamble itself at a time of widespread uncertainty in the dot-com sector. However, the Guardian reports that the punt could have reaped a higher dividend in a more favourable climate - stating that the return is £12m short of the £30m the company's management had originally hoped to raise...
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