May 8 — Stocks rallied strongly Wednesday, after networking giant Cisco Systems posted better-than-expected quarterly earnings and indicated technology spending may be recovering.

The Dow Jones Industrial Average was up around 281 points, or 2.9 percent, and was back above the psychologically-key 10,000 level. The blue-chip index closed Tuesday’s session 28.51 points higher at 9,836.55.

Here comes the Bulls!

A bar bouncer turned telecom billionaire, he's now out of a job and $366 million in debt. But he still has faith.

The Rise And Fall Of Bernie Ebbers

The company is being unveiled today after months of speculation -- perhaps the most high-stakes technology start-up since the industry crashed in mid-2000.

Good Technology will offer a wireless corporate e-mail system to compete against the beloved BlackBerry. Good will, for the first time, deliver Microsoft Outlook to handheld devices. It is backed by $60 million from two of tech's premier venture

Kept the biggest secret in Silicon Valley -- Microsoft Outlook

It's interesting that one of the seminal events in the history of Sun Microsystems isn't included in its official corporate history. But without question, Sun would not be the company it is today had it not purchased--for pocket change--the Unix server business of Cray Computer in the summer of 1996.

At the time, Sun (nasdaq: SUNW - news - people ) was a $7 billion company not even in the high-end server business. It had mainly stuck to its knitting as a leading seller of Unix workstations. But when workstation rival Silicon Graphics bought Cray, it created a problem for SGI. That's because Cray was a licensee of Sun's SPARC processors and Solaris software and sold high-end servers based on that technology. If SGI held onto that part of Cray, it would be lining the pockets of one of its biggest competitors. It needed to sell the unit--and Sun was only too happy to buy it.

Sun's Purchase Of Cray's Unix Server Business

Skepticism has never been so profitable -- nor so chic. But even in this topsy-turvy world in which corporate accounting seems sexy and telecom couldn't be less cool, David Tice still finds himself a Cassandra among optimists.

Dow 3,000 or below, and the Nasdaq below 500. People think it can't happen, but it can.

update SAN JOSE, Calif.--While delivering an elegy for Mac OS 9, Apple Computer CEO Steve Jobs promised Monday that Apple would ship the next major upgrade to OS X--including handwriting recognition--by the end of the summer.
The new version, code-named Jaguar, will feature a handwriting technology, dubbed Inkwell, that lets Mac users enter text using a pen in any program that accepts text.

Jobs quipped that Apple got something out of the millions of dollars it invested in the ill-fated Newton handheld.

Jobs: Mac OS 9, rest in peace

SANTA CLARA, Calif.--(BUSINESS WIRE)--May 3, 2002-- Covad Communications (OTCBB:COVD - news), the leading national broadband services provider utilizing DSL (Digital Subscriber Line) technology, applauded Senator Ernest Hollings on his introduction of the "Broadband Telecommunications Act of 2002."

The bill addresses the challenges of rural broadband deployment, which has been one of the most controversial issues facing the industry. Instead of allowing the phone companies to regain their monopoly status as proposed by other prominent broadband bills, Chairman Hollings' proposal would spur rural deployment in a way that would encourage fair competition among broadband providers and ensure choice for consumers. The bill would make federal loans available to fund deployment of broadband-enabled remote terminals in rural and under served areas and ensure that those remote terminals would be available to all competitive broadband providers.

Covad Commends Senator Hollings

“We’re going to have something in the way of a major nuclear event in this country,” said Buffett, the firm’s chief operating officer. “It will happen. Whether it will happen in 10 years or 10 minutes, or 50 years ... it’s virtually a certainty.”

Warren Buffett predicts nuclear attack

"---KMFDM CALENDAR---"

2 words.... FUCK YEAH!
Official Tour dates for the recently reunited and relativly unscathed KMFDM!

Atlanta GA .Masq .Jue13-2002

Ill be there, will you ?

WHAT'S NEW

Cable TV provider to restate 1999, 2000 results, says delay in 2001 numbers may force a default.

NEW YORK (CNN/Money) - Adelphia Communications said Thursday that it expects to restate its financial results for three years to reflect $1.6 billion in off-the-books debt, and that it continues to review its accounting methods.

Adelphia revamping books