Internet services
Marc Andreessen, a pioneer in the interactive medium, will become America Online's first Chief Technology Officer upon the acquisition of Netscape Communications Corporation. In his new role, Andreessen will help define the long-term technology direction of America Online, evaluating emerging technologies and engaging with the wider technology community.
Internet services
David Wetherell, Chairman and CEO of CMGI, has announced the appointment of William J. Hawkins to the newly created position of President, Internet Technology. Hawkins brings a 20-year veteran experience in the software industry, having previously served as Vice President of Advanced Technology at America Online. He will provide strategic
Internet services
MetroNet Communications Corp. made significant moves to expand its fiber network by acquiring Starcom Service Corp.'s intercity fiber route connecting Vancouver, BC with Seattle. The purchase includes 48 fiber strands along a 300-kilometer route, as well as all necessary SONET and IP equipment. Concurrently, MetroNet announced indefeasible rights
Internet services
As America Online Inc. (AOL) continues to expand its user base, executives are seeking additional distribution channels to reach potential customers. To tap into the market of music enthusiasts, AOL has partnered with Columbia House Music Co., agreeing to include AOL software with CDs mailed to customers' homes. In
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Sun Microsystems Inc., a leading provider of Java-based solutions, has agreed to pay over $1.25 billion to America Online Inc. as part of their partnership to sell Netscape Communications Corp.'s software. The financial details of the deal were outlined in a recent filing with the Securities Exchange
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In the latest push for industry dominance, Oracle Corporation's Larry Ellison has intensified his efforts to challenge Microsoft's stronghold by adding Dell to its list of distributors for the Raw Iron server package. Meanwhile, Intel prepares to unveil its foray into the toy industry with the
Internet services
The US economy demonstrated a surge in factory orders and decline in jobless claims in February 1999, sparking optimism among economists. According to the Commerce Department, factory orders for manufactured goods rose 2.3 percent in December 1998, reaching an all-time high. Meanwhile, new claims for unemployment benefits fell to
Internet services
Australia's third largest telecommunications company, AAPT Ltd, has paid A$23 million to acquire the remainder of Connect.com.au Pty Ltd, a major internet service provider in Australia. This move is expected to accelerate AAPT's expansion into the retail and commercial internet business, complementing its
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The Federal Communications Commission has decided against forcing US cable television companies to open their networks to internet service providers, a move that could limit the delivery of high-speed internet services to American homes. This decision comes as part of the pending merger between AT&T and TCI, two
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In a recent letter delivered to Congress, Paul Beckner, president of Citizens for a Sound Economy (CSE) Foundation, criticized the Department of Justice's (DOJ) antitrust claims against Microsoft Corporation. Beckner argued that the government's pursuit of the case is harming innovation and competition in the technology
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Global markets experienced fluctuations in light trading today, with Japanese stocks falling 34.62 points and the Nikkei closing at 13,770.44. Meanwhile, investors on Wall Street awaited crucial earnings reports from major U.S. companies after a long holiday weekend. In the defense industry, British Aerospace announced a
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U.S. share prices showed little movement on Tuesday as profit taking and caution over Brazil's financial problems dominated the session. The Dow Jones Industrials surged by 14.67 points to 9,355.22 as the technology sector led shares back into positive territory. However, dealers remained uncertain
