| Cree Co-Founder Sues Company for $3B |
| Cree Inc. stock fell Friday after the semiconductor company said Eric Hunter, its co-founder and former chief executive, has filed a $3 billion lawsuit against company and his brother, Chairman F. Neal Hunter, alleging securities violations and personal threats. Full Story
|
|
|
| Microsoft Agrees to Settle N.C. Lawsuit |
| Microsoft Corp. has agreed to settle a class-action antitrust lawsuit in North Carolina by setting up an $89 million fund to reimburse customers and buying computer technology for poor schools. Full Story
|
|
|
| Microsoft to Quit Web Browsers for Mac |
| Microsoft Corp. said Friday it will no longer develop versions of its popular Web-browsing software for Apple Computer's Macintosh system, saying Apple's own browsing software is a logical choice for Mac users. Full Story
|
|
|
| Oracle Gets Boost in Bid for PeopleSoft |
|
| The stock market pendulum swung a little more in Oracle Corp.'s favor on Friday in its $5.1 billion hostile takeover bid for rival PeopleSoft Inc. - but several other factors may still sway the high-tech showdown. Full Story
|
| AP Photo – DINO VOURNAS
|
|
|
|
| Group: Consumers Should Pay Recycling Fee |
| A committee hoping to improve nationwide recycling of computers agreed Friday that consumers should pay extra fees on computers and electronics to pay for recycling. Full Story
|
|
|
| Today in History - June 14 |
| Today is Saturday, June 14, the 165th day of 2003. There are 200 days left in the year. This is Flag Day. Full Story
|
|
|
| AP Corrects ReplayTV Copyrights Story |
| In a June 10 story about ReplayTV digital video recorders, The Associated Press erroneously reported that a 30-second skip feature will be removed in an upcoming model. Replay TV is removing a feature that allows users to set the machine to automatically skip commercials, but users can still fast-forward through programs in 30-second increments. Full Story
|
|
|
| Adobe Falls Sharply on Cautious Outlook |
| Shares in Adobe Systems Inc. fell sharply Friday after the desktop publishing software maker announced strong second-quarter earnings but gave a cautious outlook for the current period. Full Story
|
|
|
| Report: Ex-Lucent Execs May Face Charges |
| Two former sales executives at Lucent Technologies could face civil charges from the Securities and Exchange Commission over their role in the telecom equipment maker's aggressive sales and accounting conduct three years ago. Full Story
|
|
|
| Cree Co-Founder Files $3 Billion Suit |
| Cree Inc. stock fell Friday after the semiconductor company said Eric Hunter, its co-founder and former chief executive, has filed a $3 billion lawsuit against company and his brother, Chairman F. Neal Hunter, alleging securities violations and personal threats. Full Story
|
|
|
| XO to Tender Global Crossing Debt Offer |
| XO Communications Inc. said it plans to launch a tender offer for Global Crossing Ltd.'s $2.25 billion of bank debt, while repeating its offer to buy the bankrupt company for $700 million. Full Story
|
|
|
| Adobe Systems Shares Fall 11 Percent |
| Shares in Adobe Systems Inc. fell sharply Friday after the desktop publishing software maker announced strong second-quarter earnings but gave a cautious outlook for the current period. Full Story
|
|
|
| PeopleSoft Board Rejects Oracle's Bid |
|
| Business software maker PeopleSoft Inc. has spurned Oracle Corp.'s $5.1 billion hostile takeover, but it might be unable to escape its unwelcome suitor unless it can close sales with skittish customers during the next two weeks. Full Story
|
| AP Photo – DINO VOURNAS
|
|
|
|
| Adobe Beats Second-Quarter Expectations |
| Desktop publishing software maker Adobe Systems Inc. said Thursday the latest release of its popular program Acrobat helped boost second-quarter profits by 18 percent, beating the stock market's earnings expectations. Full Story
|
|
|
| Teen Sentenced for Eglin, Sandia Hacking |
| An 18-year-old hacker who breached computers at Sandia National Laboratories and posted an anti-Israeli message on the Eglin Air Force Base Web site was sentenced Thursday to a year and a day in federal prison. Full Story
|
|
|
| Man to Plead Guilty in Al-Jazeera Hacking |
| A Web designer has agreed to plead guilty to felony charges of redirecting traffic from the Web site for the Arab TV station Al-Jazeera to a site showing an American flag and the words "Let Freedom Ring," prosecutors said Thursday Full Story
|
|
|
| Today in History - June 13 |
| Today is Friday, June 13th, the 164th day of 2003. There are 201 days left in the year. Full Story
|
|
|
| Christian Group, Schumer Agree on Spam |
| The Christian Coalition and Sen. Charles Schumer have clashed in the past, but on this they agree: When it comes to spam, the devil is in the e-mails. Full Story
|
|
|
| EarthLink Stock Rises to 52-Week High |
| EarthLink Inc. stock rose to a 52-week high Thursday after Sprint Corp. agreed to let its customers access their accounts at the Internet service provider through their PCS Vision cell phones. Full Story
|
|
|
| Networking Co. 3Com to Cut About 390 Jobs |
| 3Com Corp., a maker of networking hardware and software, said Thursday it will cut about 10 percent of its work force, or around 390 jobs, over the next six months. Full Story
|
|
|
| Taiwan Semiconductor to Join Chip Index |
| Taiwan Semiconductor Manufacturing Co. and France's STMicroelectronics N.V. will join the Philadelphia Semiconductor Index later this month, the Philadelphia Stock Exchange Inc. said in a Web site posting. Full Story
|
|
|
| Video Game Channel Hopes to Grow Stronger |
| For years, video game players have hunched in front of flickering television sets, blasting asteroids, piloting starships and stealing cars. Now the TV has something else to show them: a fast-growing, 24-hour cable channel brimming with video game news, reviews and profiles of the rock stars of their world: game creators. Full Story
|
|
|
| Group: Online Ad Sales Show Big Increase |
| U.S. online-advertising revenue showed a healthy increase in the fourth quarter of 2002, breaking a two-year declining trend, according to revised numbers compiled by an industry trade group. Full Story
|
|
|
| Online Ad Sales Show Healthy Increase |
| U.S. online-advertising revenue showed a healthy increase in the fourth quarter of 2002, breaking a two-year declining trend, according to revised numbers compiled by an industry trade group. Full Story
|
|
|
| EarthLink, Sprint Enter Services Pact |
| EarthLink Inc. stock rose to a 52-week high Thursday after Sprint Corp. agreed to let its customers access their accounts at the Internet service provider through their PCS Vision cell phones. Full Story
|
|
|
