Novell's chief technology officer Glenn Ricart has revealed fresh details of its next generation Novell Directory Services (NDS). The directory, which is unlikely to be available before the end of the millennium, will combine functions that are only separately available today, including the object request broker and routing table. He said the company now has three concurrent research projects working on the technology: one on the concept of the advanced directory; one on storing information within the new structure; and one on representing that information on-screens.
PointCast's founding CEO has resigned his post and the company is now searching for a new chief executive to float it on the stock market.
Chris Hassett, who set up the push technology pioneer five years ago, is to step aside and take up a new position as chairman. Hassett, who is 34, said he was stepping aside to let a seasoned manager take the helm through the company's transitional period. PointCast is planning to go public this year, although an exact date for the Initial offering has not yet been set.
Novell's president and chief operating officer, Joe Marengi (right), is on the verge of resigning, according to US reports. Marengi took over the reins after former CEO Bob Frankenberg was forced out last August.
As president, he remained in charge of the running of the company until a replacement CEO, Eric Schmidt, was installed in April. Marengi's departure follows a poor quarter at Novell. The company posted a second quarter loss of $14.6 million (#9 million), blaming poor sales and an overstocked reseller channel. In response, the company initiated a severe series of job cuts, slashing 18% of its workforce. The redundancies, and inventory changes are also expected to affect the firm's third-quarter revenues.
Novell refused to comment on the reports.
Seagate last week announced it would create up to 1,125 new jobs as part of a #149 million expansion of its existing wafer fabrication operations in Northern Ireland. The factory, which will be fully operational in December 1998, is ultimately expected to employ around 2,200 people in a variety of positions, including research and development engineers, manufacturing engineers, technicians and operators.
Software is the fastest growing sector of the US economy and the third largest industry overall, according to a report from the Business Software Alliance (BSA). Only the US car manufacturing and electronics industries are bigger than the software sector. The BSA study predicts that by the year 2005, the US software industry will generate more than 3.4 million jobs and $139 billion (#86.8 billion) in wages. The software industry grew by 14% between 1995 and 1996, and is growing almost 2.6 times faster than the US economy as a whole. Software revenues were at a record high last year at $102.8 billion. The authors of the report attributed the growth in the software industry to the impact of the Internet, which has led to new opportunities.
The Savoy Group of hotels and restaurants has awarded Safetynet a contract to provide IT disaster recovery services. The five-year contract covers disaster recovery services for AS/400 and PC LAN environments, for all Savoy hotels and restaurants in the UK.
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