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When PayPal filed for its successful IPO last year, it listed a slew of competitors in the online payment arena. But those rivals, including Citibank, Wells Fargo, Yahoo, Microsoft and the U.S. Postal Service, barely sport as much market share combined as PayPal commands on its own. Already, the company has outlasted rivals like Beenz.com and far ...
When it comes to choosing a server to boost e-business efficiency, technology buyers have no shortage of options. Sometimes, even analysts cannot agree on which machines are best for enterprises that want to rev up the pace at which they conduct business. Because of intense competition in the e-business server marketplace, the best server technologies -- and what is best for a particular enterprise -- may change rapidly as innovations are introduced at a steady pace...
Checking off another item on its turnaround to-do list, Lucent Technologies has agreed to settle a series of 54 class-action shareholder lawsuits, almost all relating to whether Lucent misled investors by providing incomplete financial reports. Lucent said the settlement, which requires court approval, will cost about US$420 million. The company p...
If you woke up tomorrow and read in the news that Everex had edged out Systemmax in the PC market, your first question might be: Who? Yet every year, millions of buyers in business, government and private homes purchase desktop computers from white-box vendors that possess a mere fraction of the marketing power of Dell or Hewlett-Packard. In fact,...
Motorola has signed a 10-year global IT infrastructure outsourcing pact worth US$1.6 billion with Computer Sciences Corporation (NYSE: CSC), the largest such agreement in Motorola's history and a healthy sign for the outsourcing business "Outsourcing has been on the rise for the past 12 months, and it is continuing to gain momentum," Yankee Group s...
In the latest in a series of moves designed to jump-start revenue growth at its beleaguered but still-dominant online service, AOL has rolled out a service that enables users to receive telephone voice mail in their e-mail inboxes and to hear their e-mail over the phone. AOL Voicemail, which is being pitched first as a premium upgrade service for ...
The hype surrounding Web services, a technology that many once thought was destined to revive the Internet economy, has faded. In its wake has come slow but steady adoption as businesses find ways to leverage Web services to increase efficiency and improve customer relationships. Believers in Web services say this is still a true disruptive techno...
In 2003, half of all information technology projects involving third-party consulting will be considered unsuccessful by executives who oversee them, according to a new report from Gartner, because they fail to deliver expected return on investment or operational value. The research firm's findings, unveiled at its annual ITxpo in San Diego, Calif...
Hoping to bolster declining revenues and slipping market share, Gateway announced that it will market digital projectors to the SMB (small andmedium business) and education markets. Digital projectors represent a newand heretofore untested product line for Gateway Gateway is the fourth-largest computer maker and has struggled to remain oneven groun...
We all have years in which we pick our heads up in our travails and say, "This will be a make-or-break year for me." That has been said ofIntel competitorAMD year-in and year-out, but the company entered 2003 with more to lose than ever before. It commands a healthy share of thedesktop and notebookchip market, with just under20 percent -- the best figure AMD has enjoyed in the last few years...
Internet traffic to online news sites and U.S. government pages surged as the U.S.-led war with Iraq got under way, with some sites experiencing a 50 percent increase in visitors, according to Web measurement companies. The surge came without any reports of disruptions or widespread slowdowns, even though many of the leading news sites have only r...
Lured by promises of increased security, lower costs or simply the chance to align themselves with a company other than Microsoft, many enterprises are turning to Linux systems. More often than not, that means tapping Linux vendor Red Hat, which has come to dominate the market and has made its name synonymous with the open source OS alternative. "...
In a move likely to raise the hopes of high-tech deal watchers, Cisco Systems has entered the home networking fray by agreeing to acquire The Linksys Group, a leader in home, small-office and home-office (SOHO) networking gear, for US$500 million in stock "The leading position of Linksys offers a tremendous top-line growth opportunity," Charles Gia...
Amid an overall high-tech slump, the unglamorous yet vital data storage sector has fared strikingly well. Even as IT buyers have struggled with meager budgets and analysts have forecast scant growth, storage giant EMC's stock price has doubled. Recently, though, a prominent name in the data storage field, StorageNetworks, released a thunderclap of bad news: Two board members had resigned in the wake of a revised business plan and the elimination of 80 jobs last fall...
In the dot-com heyday, nothing said success like a business that became a verb. One day, a friend said, "Don't send a cheque, just paypal me." PayPal, which began life in 1999 by giving away ten-dollar bills, stormed the market with a simple premise for sending money from buyer to seller that swiftly catapulted it to the front of the online payment ranks. Even mighty eBay was forced to capitulate, spending US$1.5 billion to acquire PayPal last July, a mere five months after buying PayPal competitor Billpoint...
Taking aim at a cost structure that analysts say has been a millstone in the brutally competitive market for PCs, Gateway has announced plans to lay off 1,900 workers and close 80 of its retail stores. The company said the 17 percent workforce reduction and the store closings will produce cost savings of about US$200 million per year going forward...
Big enterprises are obvious sales targets for technology vendors. For bothhardware and software providers, landing a big installation that affects thousands of workers is like hitting a home run. But the current economic climate is a stiff wind blowing in from the outfield, turning those prospective homers into long outs. Another strategy -- the one-base-at-a-time approach -- is needed...
Computer makers sold some 72,000 tablet handheld computers during the fourth quarter, marking a "good start" for sales of what some have hailed as a revolutionary computing tool, according to research firm IDC. The sales figures represent about six weeks' worth of availability worldwide. About half of all sales were made in the United States, acco...
Recent weeks have brought more grim news about tech spending. A study released March 4th by Merrill Lynch, which surveyed 75 U.S. and 25 European CIOs, showed that people who run networks in corporate America are loath to expend capital unless they absolutely must. Merrill found that 62 percent of technology officers feel no pressure to increase spending this year, and a good 40 percent of their budgets will go toward preventing existing machinery from breaking...
The market for personal computers will not grow as quickly as previously expected during 2003, primarily because government budget woes will deflate spending in that key sector, a new report says. IDC is changing its growth forecast for PC unit sales to 6.9 percent for 2003, down from a December prediction of 8.3 percent growth. The number of unit...
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