Thor Olavsrud

Credit Suisse First Boston Inc. Wednesday said it will buy up all 18.4 million shares of the CSFBdirect tracking stock in general circulation among the public for a total of about $110 million. The CSFBdirect stock is the series of common stock issued by CSFB subsidiary Credit Suisse First Boston (USA) Inc. (formerly Donaldson, Lufkin […]

Rochester, N.Y.-based Eastman Kodak Co. Tuesday fired another salvo in the escalating battle over the digital imaging space when it allied with Milpitas, Calif.-based LSI Logic Corp. in an effort to make digital photographs easier to display by bringing them to the television set. While Kodak focuses on display technologies and online print fulfillment, Polaroid […]

Microsoft Corp. and VeriSign Inc. Tuesday reinforced their existing alliance, this time focusing on driving the acceptance of Microsoft’s XML-based .NET offerings for delivering applications over the Internet. Under the alliance, VeriSign will provide authentication and security technologies support for future .NET offerings, integrate .NET technologies — like HailStorm, the HailStorm notification technology and Passport […]

Commercial instant messaging and presence management software provider Jabber.com Inc. scored a coup Monday as it secured a partnership with the Walt Disney Internet Group. The Walt Disney Internet Group is one of The Walt Disney Company’s five business units, and is charged with operating the company’s portfolio of Web sites, including Disney.com, ESPN.com, ABC.com […]

Struggling optical equipment maker Lucent Technologies scored two high-profile victories Monday as it cut multi-million dollar deals with TyCom Ltd., the world’s largest supplier of transoceanic optical networks, and Germany’s Deutsche Telekom. Under Lucent’s one year, $90 million deal with TyCom, the equipment maker will incorporate its WaveStar OLS 800G system with the TyCom Global […]

On Monday, AT&T Corp. will spin off AT&T Wireless, marking the official beginning of a year-long process that will split the venerable telco into four separate businesses: Wireless, Broadband and Cable, Business Services and Long Distance and Internet Dial-up. AT&T Wireless is already public; AT&T Corp. released 15 percent of its holdings in the company […]

WorldCom Thursday said it would no longer consolidate the financial results of Embrapar, parent of Embratel Paticipacoes SA — one of Brazil’s leading nationwide communications providers with footholds in the data and Internet markets — a company in which it holds a 19 percent stake. It also used the move as a platform for lowering […]

Betting that games will be a driving force behind the adoption of 3G technology, four of the biggest wireless technology players joined forces Tuesday to define a mobile games interoperability specification for network-based servers. Building on the “Universal Mobile Games Platform” initiative launched in March by Ericsson, Motorola and Siemens IC Mobile, the Mobile Games […]

Metricom Inc., provider of the high-speed Ricochet wireless Internet service, Monday filed for reorganization under Chapter 11 bankruptcy protection, mere days after it laid off 23 percent of its staff. “As a result of the depressed state of the capital markets, we have been unable to raise necessary additional capital,” said Interim Chief Executive Officer […]

With the back-to-school computer buying season about to get underway, Intel Corp. Monday took the battle to rival AMD with the release of two new Intel Pentium 4 processors clocking in at 1.8 GHz and 1.6 GHz, respectively. The semiconductor giant also restated its intention to release a 2 GHz Pentium 4 this quarter. Last […]

NEW YORK — In an apparent victory for Microsoft Corp., the U.S. Court of Appeals for The District of Columbia Thursday overturned U.S. District Judge Thomas Penfield Jackson’s decision to break up the software giant as a remedy to its antitrust violations. In a unanimous 7-0 decision the court issued a stinging rebuke that Jackson’s […]

NEW YORK — With TECHXNY in full swing at the Jacob Javits Center, Intel Executive Vice President and Director of Worldwide Sales and Marketing Michael Splinter on Wednesday used the keynote spotlight to evangelize Intel’s latest concept of “macroprocessing” in hopes of making the marketing campaign as ubiquitous as IBM’s eBusiness brand. According to Intel, […]