AMD has released a 900Mhz Duron processor, its fastest budget chip to date.
Systems using the new Duron are available from Compaq, Time, Tiny and Maxdata, among others.
AMD claims that the processor is 30 per cent faster than Intel's swiftest Celeron processor, which clocks in at 800Mhz, although a 850Mhz Celeron is due next week.
The 900Mhz, 850Mhz and 800Mhz AMD Duron processors officially cost $129, $111 and $90 each respectively when bought by the thousand, although they are currently being offered at a significant discount.
Hutchinson UK raises £3.6bn to pay for 3G services
Hutchinson 3G UK has raised a net £3.2bn in financing from a combination of 16 banks, three vendors and parent company Hutchinson Whampoa to build its 3G mobile network.
Some £2.04bn has been raised from a banking syndicate that includes ABN Amro, Citibank, HSBC, JP Morgan, Merrill Lynch, Royal Bank of Scotland, WestLB, Agriculture Bank of China, BCI, China Construction Bank, Standard Chartered, Credit Agricole, Goldman Sachs, Mizhuo, Sumito and Citic Ka Wah.
Nokia, NEC and Siemens have provided a total of £777m, while Hutchinson Whampoa has contributed £375m. Nokia will supply networking equipment for Hutchinson's 3G network and, along with NEC, further kit for its radio-access network.
Hutchinson said it expects to spend £2bn before launching 3G services in 2005.
IBM merges laptop and desktop units to form Personal Computing Devices
IBM has merged its laptop and desktop divisions into a new Personal Computing Device group.
A spokeswoman said: "We're combining resources, doing what's smart for the business, and making sure we have a much more competitive footing when it comes to personal computing devices."
The move follows February's restructuring to remove Intel servers from its PC division. IBM cut $1bn in costs from the division last year, and US analysts agreed this week's move would reduce expenditure further.
Intel makes first chips on 300mm wafers
Intel has created its first pre-production chips on 300mm wafers.
The chip giant claims that the switch from 200mm to 300mm wafers should lead to a 30 per cent reduction in production costs to make smaller, cooler, faster and cheaper processors, which will be commercially available in the latter half of 2002.
Broadvison cuts 15 per cent of staff
Ebusiness software supplier Broadvision is to cut around 325 jobs after announcing it will make a loss for the first three months of 2001.
Analysts had predicted revenues of $134.2m, but the firm now expects to fall short of this by between $45m and $50m. It turned in profits of $4.5m for the fourth quarter of 2000.
Pheong Chen, Broadvision's chief executive, said: "Given continuing concerns surrounding the economic and IT spending environments, we are taking decisive short-term actions intended to return the company to profitable operation as quickly as possible."
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Saturn's rings only formed in the past 100 million years, suggests analysis of Cassini space probe data
New findings contradict conventional belief that Saturn's rings were formed along with the planet about 4.5 billion years ago