Monday 18 October: VNU Newswire's roundup of the IT news from the national and international press.
Independent mobile phone service providers may become a dying breed reports The Daily Telegraph. Eugene Bacot of the Cellular Service Providers Group predicts that independents may not survive the next four years. The big networks Vodafone and Cellnet are suspected of buying up the market share.
The San Jose Mercury writes that Broadcom, the high speed chip manufacturer, has reported an earnings jump of more than 400 per cent in the third quarter. The company's sales of its networking chips and other products have more than doubled, with revenue of $138.4 million, up from $55.5 million a year earlier.
A report published today reveals that 31 per cent of the UK's top 1,000 companies have already experienced millennium bug problems, writes the San Jose Mercury. The joint report from Taskforce 2000 and Adam Associates finds that 84 per cent of UK companies are preparing for possible power failures and 97 per cent for systems failures.
Blue Mountain Arts is in discussion to sell its Web site, www.bluemountainarts.com, for about $1 billion, reports the Wall Street Journal. The site, which offers a free greeting card service, is the third ranked ecommerce site in terms of visitors, according to ranking site Mediamatrix. Companies who are rumoured to be interested in acquiring the site are Etoys, CMGI and [email protected].
The New York Times reports that Morgan Stanley Dean Witter is to offer its clients the choice of buying and selling stocks online at discount prices. The plan comes after a similar announcement from Merrill Lynch to provide an online trading service. Morgan Stanley will offer the trading option immediately, which will beat Merrill's planned start date by at least six weeks.
The Financial Times reports that Homemovers is to launch a property website today which offered more than 1000,000 properties for sale. The site, www.homemovers.co.uk, has received about £500,000 backing from venture capital group, 3i, which owns about 40 per cent of the business.
A 14 year old boy claims his family sold him over the Internet for $400 (£250), writes The Guardian. The FBI are investigating the claims that the family sold their son to a man who placed an advertisement for "a young boy who needs a dad". The advert was placed in July on Yahoo, the Internet search engine.
The Financial Times writes that Digitallook.com is to launch a new service offering access to UK share prices and financial news to handheld computer users. The service will work on Psion and Palm computers and devices running Windows CE software and will allow users to download financial information from the Internet.
Latest Tesla news: Tesla stock price tanks amid reports of 'widening probe' by SEC and claims the base Model 3 loses money
SEC 'probe' takes its toll on Tesla as new research suggests that Tesla loses $6,000 on every $35,000 Model 3
10nm Cannon Lake Core i3-8121U CPUs make a rare outing with Intel's NUC mini PC
'Notorious' Australian child hacker thought he had executed 'flawless' hack
The former employee says that Tesla fired him for bringing the accusations to management internally