Shelley Solheim

Bankrupt telecom company MCI, formerly known as WorldCom Inc., on Friday restated its financial earnings for the years 2001 and 2000. Adjustments and write-downs reduced pre-tax income for those years by $74.4 billion, according to a filing the company made with the Securities and Exchange Commission. “While these restatement adjustments are substantial, they do not […]

Networking giant Cisco Systems Inc. will pay $5 million in cash for Twingo Systems, a Mountain View, Calif.-based provider of desktop security tools for SSL (Secure Socket Layer) VPNs, announced officials today. SSL VPNs, unlike more traditional IPSec VPNs, let users remotely access corporate networks without having client software installed on their machines. Instead, users […]

Notching another strong financial statement, database giant Oracle Corp. on Thursday reported that net income and revenue in its fiscal third quarter both increased year-over-year. Net income for the quarter, ended Feb. 29, was $635 million, up 11 percent from $571 million for the third quarter of Oracles 2003 fiscal year. Third-quarter revenue jumped 9 […]

National Semiconductor Corp. on Thursday delivered better-than-expected earnings for its third quarter as well as a bright outlook for the fourth quarter. The chip maker earned $93.1 million, or 48 cents per share, on revenues of $513.6 million for the third quarter, which ended Feb. 29. This compares to a loss of $36.4 million, or […]

America Online Inc., EarthLink Inc., Microsoft Corp. and Yahoo Inc. on Wednesday announced what they say are the first industry lawsuits against spammers since the federal CAN-SPAM Act took effect in January. The group filed six suits in four federal courts “targeting hundreds of the most notorious spammers on the Internet,” said AOL spokesman Nicholas […]

If you were hoping the Internal Revenue Service would conveniently misplace your tax forms this year, dont bank on it yet. Adobe Systems Inc. this week unveiled a new technology to improve forms processing, and the IRS is already testing it out. Adobe, of San Jose, Calif., says its new bar-code technology for PDF forms […]

Lexmark International last week unveiled three color printers for small workgroups and small to medium-size businesses. The $699 C510, fueled by a 500MHz processor and 64MB of memory, can print 30 pages per minute in monochrome and 8 ppm in color, according to Lexmark officials. The C510n, which includes 128MB of memory and an internal […]

NEW YORK—Xerox Corp. Chairman and CEO Anne Mulcahy on Monday urged businesses to change the way they think about IT. “The I in IT is getting bigger, and the T is getting smaller. Today the focus is on what really matters: information,” Mulcahy told a crowd of some 2,500 IT, printing, imaging and content management […]

Lawmakers introduced a bill in Congress Thursday aimed to deter U.S. companies from outsourcing jobs overseas. The Defending American Jobs Act of 2004, sponsored by more than 50 legislators, proposes to cut federal funding from companies that lay off workers at higher rates in the U.S. than abroad. The legislation would also require companies that […]

At a Capitol Hill hearing this week, the Information Technology Association of America released a paper that urges reform of the controversial L-1 visa program. The ITAA seeks to prevent misuse of L-1 visas, which some IT workers say have cost them their jobs. “The L-1 program is critically important to U.S. multinational information technology […]