Brian Morrissey

The condition of WorldCom Inc. became critical Tuesday, as the Securities and Exchange Commission (SEC) slammed the company’s explanation of its $3.8 billion overstatement of earnings and WorldCom opened the door to the revelation of more murky accounting. Late Monday, hours after WorldCom issued a sworn statement meant to explain how it overstated earnings by […]

Less than a week after disclosing it misreported $3.8 billion in earnings over the past five quarters, embattled telecom WorldCom Inc. faces a variety of investigations, from its own internal audit committee to the Securities and Exchange Commission (SEC) to the U.S. Congress, which promise to scrutinize the role played by high-profile former CEO Bernie […]

When a Microsoft Corp. manager talks about the company’s new far-reaching computer-security initiative, codenamed Palladium, he takes care to use inclusive words like “stakeholders” and “dialogue.” While far from chastened by its continued legal battles, the software giant knows that Palladium faces an uphill battle to convince its many critics to put their trust in […]

WorldCom’s hopes for avoiding bankruptcy grew dimmer Wednesday, when the company was hit with federal fraud charges. The Securities and Exchange Commission (SEC), acting with speed in the face of what appears to be the largest of the accounting scandals to hit American business in the last nine months, formally charged the telecom company and […]

Looking to cash in on the great promise of Internet video and Video on Demand (VoD), two Silicon Valley firms announced Wednesday successful demonstrations using MPEG-4 technology. Kasenna Inc. said Sony Broadband Solutions (SBS) finished a test of its new IPv6 -compliant network with VoD using its MediaBase MPEG-4 server. The Mountain View, Calif., company […]

WorldCom disclosed Tuesday night that it overstated its cash flow by almost $4 billion over the last 16 months, putting the telecom giant’s future in grave doubt and adding it to the list of former corporate titans felled by shady bookkeeping. The already troubled telecom said an internal audit had discovered the company overstated its […]

NEW YORK — Microsoft Corp. said it would roll out a new version of Office next year and announced the arrival of its new Tablet PC, both of which it said heralded a new era of collaborative technology designed to meet the needs of mobile workers. Speaking at the TechXNY/PC Expo in New York City […]

With a little more than a month before its controversial new software licensing program kicks in, Microsoft Corp. Monday said it would buff up its sales force over the next fiscal year. The Redmond, Wash., company said it would add 450 salespersons, marking the 2003 fiscal year the greatest expansion of its sales force in […]

With the hotspot market poised for a boom, HP Monday launched a drive to capture more of the public wireless local area network (LAN) market, offering a suite of 802.11 solutions to hotspot-friendly locales, such as airports, hotels and restaurants. Palo Alto, Calif.-based HP hopes to use its traditional expertise in network infrastructure to capture […]

Although they continue to bicker over antitrust matters and Windows support for Java, a deal is in the works that could break finally the impasse between Sun Microsystems and Microsoft Corp. over Sun’s role in a key Web services standards body. On Wednesday, the board of the Web Services Interoperability Organization (WS-I) has approved a […]

Answering charges by the Federal Trade Commission (FTC) that it engaged in anti-competitive practices, memory chipmaker Rambus Inc. responded today that the Commission got the wrong man. “We think the FTC is legitimately concerned with a legitimate issue,” said John Danforth, Rambus’ general counsel, on a late afternoon conference call. “But Rambus was mindful of […]

In a deal that will catapult MSN into a leading role in the broadband arena, Microsoft Corp. forged a strategic alliance with Verizon Communications to roll out a co-branded DSL service beginning early next year. When it is unrolled, the “Verizon Online with MSN” service will be available to all Verizon Online DSL customers and […]