Ed Sutherland

French-based telecom supplier Alcatel-Lucent stopped short of denying a report the company may layoff as many as 20,000 employees, a dramatic increase of the around 9,000 previously planned. “We’re not going to comment on speculation,” spokesperson Mary Ward told internetnews.com. Ward said the company will provide an update of its integration plans and earnings for […]

Kodak may have fired the first shot in the inkjet wars. Analysts said the introduction of three printers that use much cheaper ink will pressure rivals to respond. Unveiled in New York, the three All-in-One EasyShare printers boast black and color ink cartridges priced $9.99 and $14.99, respectively. Brand name inkjet cartridges usually cost around […]

Onlookers could have mistaken today’s trademark settlement between Apple Inc. and Apple Corps. Ltd., the Beatles’ recording company, as a sixties love-fest. The agreement ensuring Apple Inc. can continue using the “Apple” name and logo with its iTunes store revived the oft-asked question: can the Beatles songs be far behind? Under the agreement, Apple Inc. […]

A week after retaking the CEO reins at Dell , founder Michael Dell is saying changes are on the way. In a memo to employees, Dell said “discretionary awards” would replace bonuses for all but senior managers, whose ranks will be cut nearly in half. Expecting “a tough couple of quarters ahead,” Dell told employees […]

Viacom is demanding video-sharing site YouTube take down 100,000 clips, including content from MTV, Comedy Central and other networks. The move follows what the media company feels was frustrating distribution negotiations. Viacom said “it has become clear that YouTube is unwilling to come to a fair market agreement” on content distribution. The last straw was […]

Did troubled computer maker Dell accept then hide kickbacks from Intel designed to buy loyalty to the giant chipmaker? Those are the claims in an investor lawsuit naming founder Michael Dell and former CEO Kevin Rollins, among others. The lawsuit, filed Wednesday in Austin, Texas, U.S. District Court by the William Lerach law firm, is […]

Wait until earnings later this month. That’s when TJX Companies , parent of retail giants T.J. Maxx, Marshalls and others, is expected to know more about the extent of damages from a recent intrusion into its computer systems containing customer data. The Framingham, Mass.-based company said it will record a charge of one penny per […]

UPDATED: Could Bill Gates help Michael Dell turn around his ailing company? Financial analysts say Microsoft’s new Vista operating system may ignite a PC revival. Wall Street analysts and industry onlookers seemed to react favorably to news Dell would replace CEO Kevin Rollins who resigned yesterday. The executive change followed a string of bad news, […]

Oracle  is touting a new strategy designed to streamline the dizzying array of company products under its roof. Company president Charles Phillips also updated five key applications. Phillips announced a new version of Oracle’s E-Business Suite 12 featuring business decision management systems. The new version increases greater centralization, control and maintains banking and tax rules. […]

A new breed of hacker is targeting your net worth more than your network. Sure, the “script kiddies” still abound online, unleashing high-profile annoyances designed to gain bragging rights. But security experts say more hackers are joining forces with fraudsters intent on profit, not publicity. Working from Eastern Europe or Asia, cyber criminals target specific […]

Call it the Icahn Effect. Motorola stock jumped 6 percent today on news that controversial shareholder Carl Icahn asked for a seat on the board of the troubled cell phone maker. In a terse statement, Motorola said it had confirmed receipt of a notice “from certain Carl Icahn entities” for Icahn’s nomination to the company’s […]

UPDATED: Three online advertisers have to pony up $100,000 and promise to stop using controversial adware as part of a settlement with New York State’s Attorney General. Priceline , Travelocity, and Cingular Wireless (now part of AT&T ) agreed to pay $35,000, $30,000, and $35,000 respectively, Andrew Cuomo, the state’s top law enforcement official, said […]