Monday 25 October: vnunet.com's roundup of the IT news from the national and international press.
A hacker claims to have broken into the websites of over 100 users, reports The Daily Telegraph. The hacker said he accessed the websites after breaking into a Cable and Wireless Communications database containing personal details of over 150,000 users in a bid to expose the company's poor security.
Companies are expecting to suffer lower earnings due to the Year 2000 computer problem, reports USA Today. IBM, Xerox, Unisys and Lexmark have all said they expect their earnings to be hurt by millennium fears as customers slow spending on computers and hardware. Many companies have spent millions preparing for any potential disruption.
Search engine Altavista is planning a $120 million advertising campaign in order to push Altavista Live! as one of the Internet's most frequently updated portals, reports The Washington Post. The company, which will make a public stock offering in three months, will offer realtime stock quotes and play by play sport updates, live webcams and video.
The Daily Telegraph writes that Insweb, an American online insurance broker, is planning to launch a UK website next year. The US site allows users to search for house, car, life, health and pet insurance online and has received 2.7 million visits in the first half of this year.
China will continue to bar new foreign venture capital into the Internet, reports The Wall Street Journal. Senior telecoms official, Zhang Cunjiang, was reported to have said that new Internet regulations are being drafted, but until then the ban would continue. The government in China implemented the ban over fears that domestic companies wouldn't be able to compete.
BT will offer special cheap rates for Internet calls, writes The Guardian. The move is a result of much criticism that cost fears are deterring many from surfing the net and is restricting the growth of ecommerce. Industry figures expect BT to announce phone numbers with lower tariffs specifically for Internet use.
German telecom operator Viag Interkom has denied that BT is launching a bid to take over the group, writes the Financial Times. BT had been expected to pay USD 5 billion for the remaining stake in the group in which it already has a 45 per cent stake. BT said the suggestion that it intended to take full control of the group was speculation.
Allen died from complications of non-Hodgkin's lymphoma
Stanford researchers made the discovery via data from Greenland
Created via a thin, flexible, and transparent hierarchical nanocomposite film
Rolls Royce will use AI powered by Intel's Xeon Gold processors and SSDs for memory