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Current Topic: Tech Industry

Google search gets newsier - Tech News - CNET.com
Topic: Tech Industry 12:07 pm EDT, Sep 23, 2002

"Google unveiled on Monday an expanded test version of its search engine for current events and news, the latest step in the company's move into new markets.

The search tool brings the company's highly respected statistical methods for ranking the relevance of information on the Web to the specific category of news--an experimental approach compared with traditional methods of news selection, said Google product manager Marissa Mayer.

"From the reader perspective, this changes news reading habits because (usually) you pick a source and pick the story that interests you," said Mayer, who developed the tool with five staff engineers over the last nine months. "With this service, you pick the story that interests you and then pick the news source.""

Google search gets newsier - Tech News - CNET.com


IT outlook darkens Sun's revenue view - Tech News - CNET.com
Topic: Tech Industry 9:46 pm EDT, Aug 30, 2002

""We've not seen any improvement in the current IT spending environment. In fact, some would say it might actually be worsening," Chief Financial Officer Steve McGowan said during a conference call with financial analysts. "

[ It's not over folks. Better start stashing your cash in a mattress. -Rek ]

IT outlook darkens Sun's revenue view - Tech News - CNET.com


AOL Accounts Under Scrutiny From the SEC
Topic: Tech Industry 4:05 pm EDT, Jul 25, 2002

AOL Time Warner disclosed yesterday that the SEC had begun an investigation into the accounting at its America Online division.

Richard Parsons: "The charges are without merit." The company has said that it did not break any laws.

Quarterly AOL revenue was down 3%, but cash flow is down 27% and ad revenue was down 40% with no sign of recovery.

Soundview: "There are two new looming issues. The investigation into AOL's accounting and the dramatic decrease in the growth of new subscribers at AOL."

Get ready for AOL to crash. Existing subscribers are leaving the network and no one is coming to replace them. Since AOLTW is maneuvering to sell off its stake in cable, there's little hope that AOL can migrate heavily into broadband service. The end is near. It's only a matter of time. The sooner that the TW content businesses can divest themselves of AOL, the better off they'll be. For now, they seem to be repeating the RBOCs' losing strategy of relying on an outdated, unprofitable line of business for essential cash flow.

AOL Accounts Under Scrutiny From the SEC


IT security spending disappoints - Tech News - CNET.com
Topic: Tech Industry 3:19 pm EDT, Jul 17, 2002

"Investors who had hoped that increased security concerns after Sept. 11 would yield an immediate bonanza in the information security sector have been sorely disappointed, according to two new analyses. "

IT security spending disappoints - Tech News - CNET.com


 
 
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