Thor Olavsrud

Mere minutes before a federal judge was due to award damages to Seagram’s Universal Music Group in its copyright infringement suit against MP3.com, the online music site settled with UMG to the tune of $53.4 million and struck a licensing deal for an undisclosed amount. However, indications were that MP3.com could have been forced to […]

Palm Inc. will release new brand-name applications for developers and its new mobile Palm portal at Comdex Monday, according to research by Goldman, Sachs & Co. Goldman Sachs initiated coverage of the company, setting a target of $65 for Palm stock, which opened at $45.31 Monday. Explaining its decision to begin covering Palm, Goldman Sachs […]

Macromedia Inc. Monday unveiled the next-generation of its Dreamweaver Platform — Dreamweaver 4, Dreamweaver UltraDev 4 and Fireworks 4 — at the Dreamweaver Conference 2000, emphasizing collaborative features to streamline team-based design efforts. “The new releases of Dreamweaver, Dreamweaver UltraDev and Fireworks represent more than three great new products,” said Kevin Lynch, president of Macromedia […]

Seeking to break open the high-end open systems server and storage markets in the U.S., Fujitsu Ltd. Tuesday will reinvent the server and storage components of its subsidiary, Amdahl Corp., into a new company expected to reap revenues of $1 billion by 2003. The new company, Fujitsu Technology Solutions, based in Sunnyvale, Calif., will focus […]

Dell Computer Thursday met the Street’s expectations of 25 cents per share third quarter earnings on the back of strong sales in enterprise products and notebook computers. Dell’s net revenue was up 22 percent to $8.3 billion, marking the company’s 27th consecutive quarter of sequential revenue growth. Combined sales of enterprise products and notebook computers […]

Polo Ralph Lauren made its entrance on the digital stage Thursday with Polo.com, a luxury, designer e-commerce site aimed at allowing consumers to “experience the world of Ralph Lauren.” But the launch was overshadowed by a domain dispute across the pond that evokes the law office more than Ralph Lauren’s world of luxury country clubs. […]

Interactive TV software solutions provider Rachis Corp. Wednesday sealed a pact with Scientific-Atlanta Inc. to integrate Microsoft TV with Scientific-Atlanta’s Explorer 6000 set-top boxes. Rachis, the first of two gold-level Microsoft TV system integrators (as named by Microsoft Corp.), will port Windows CE to the new platform and provide testing and project management. “Scientific-Atlanta has […]

After barely two months on the job, Register.com’s Chief Financial Officer Cindy Horowitz resigned Wednesday. Register.com said Horowitz left for personal reasons and that it has begun a search for a new CFO. Horowitz was hired in July but stepped into her role at Register.com in September. In October, she took over the duties Vice […]

Cablevision Systems Corp., New York City’s largest cable operator, Wednesday revealed expectations that it will have more than 200,000 cable modem customers by year-end. As of Sept. 30, the company had 139,700 subscribers. Cablevision said that by year-end it will have marketed its cable modem service to about 2 million homes. The strong expectations are […]

After months seeking funding, high-profile online pet retailer Pets.com threw in the towel Tuesday. The San Francisco, Calif.-based company will lay off 225 of its 320 employees and plans to sell the majority of its assets, including inventory, distribution center equipment, URLs, content and its Sock Puppet brand icon as well as other intellectual property. […]

Software juggernaut Microsoft Corp. Monday crowed that its MSN service has seen record growth in users since the Oct. 25 launch of the branded MSN Explorer browser, which it said has raked in more than 1.5 million consumers. The company said MSN Calendar has seen a jump of 183 percent in new users, and the […]

The Internet Corporation for Assigned Names and Numbers (ICANN), the Internet’s controversial technical coordination body, has come under fire by RegLand Inc., a company that offers customers the chance to pre-register names in the coming new top-level domains (TLDs). RegLand filed a lawsuit against ICANN and Louis Touton, ICANN’s in-house counsel, in the District Court […]