Israeli IT services group Malam Systems has filed a lawsuit in a bid to wrest control of Emblaze Systems, the multimedia company formerly known as Geo Interactive. In the lawsuit, Malam accuses Emblaze of fraudulently convincing it to give up its majority stake in the fledgling Geo in 1995.
Malam claims that Geo executives said that the company did not have a commercial future, and that it now wants its majority stake back for the £272,000 it originally paid. Emblaze chief executive Eli Reifman dismissed the suit as "entirely meritless", adding that Emblaze would "never settle" the case.
HP announces 16-processor servers
Hewlett Packard (HP) has announced a new midrange Unix server range, which it says will launch later this year. The 16-processor servers, which use the PA-Risc 8700 chip, are being pitched as an upgrade to the company's current eight-processor N-class servers.
Mark Hudson, worldwide marketing manager for the Unix server line, also said that HP would launch its first PCs using the long-delayed Itanium processor which it co-developed with Intel. The new N-class servers will have processor speeds of around 600Mhz to 900Mhz, and will increase existing performance by up to 40 per cent, HP said.
Scotland Yard smashes PC theft ring
Police in London said yesterday that they had smashed an organised crime ring which had been stealing PCs from London offices and hotels. More than £200,000 worth of stolen kit was recovered by the police during raids in London's East End.
One person has been charged with handling stolen goods, and two have been released on police bail. The raids were part of the Met's Operation Victory.
DCI David Peacock said that the thieves walked into offices and hotels unchallenged and simply walked out with the machines. Burglaries from hotels and offices in central London costs businesses £7m a year.
Channel 5 swaps web stake for ad space
Channel 5 is taking a stake in online pet product company Petspyjamas.com in exchange for £2m worth of advertising. The 'equity for airtime' deal is expected to give the broadcaster between five and 10 per cent of the dotcom. Channel 5 said that it wanted to strike up to five similar deals.
Such arrangements have not worked out for other broadcasters, however. Last April, BskyB gave £10m of 'free' advertising to loss-making website Letsbuyit.com.
Australian government to require technology and communications companies to provide access to messages
New bill avoids demanding 'backdoors' in encryption, but includes measures to compel companies to provide access to encrypted communications
Indonesian overclocker Ivan Cupa (with the aid of a lot of liquid nitrogen) achieves record overclock on AMD's latest Threadripper
Ssupermassive black hole is so big it corresponds to four per cent of the galaxy's total mass
Imminent attack will target a single bank with cloned cards used to fraudulently withdraw millions over one weekend