October 12 - 18, 1997
from the Up-To-Date dept
Continually beating the experts' earnings estimates********************************************************************* UP-TO-DATE ********************************************************************* The not always serious, not always weekly update on the Hi-Tech Industry October 12th - October 18th ********************************************************************* Sponsored by the Technology Management Club of Cornell's Johnson Graduate School of Management. Continually beating the experts' earnings estimates -------------------- Say that again... ------------------- "We announced that our revenues were lower, our losses were higher and our stock went up $3. The Internet is its own phenomenon." - CNET CEO Halsey Minor "The bottom line is, why should I? When I look at it, I don't see the benefit to the station. Show me the money from it." - Jim Gustafson, a CBS owned radio station's General Manager on why CBS will not allow simulcasting of its stations on the internet. ------------------------------------ Earnings Reports ------------------------------------ Intel misses earnings expectations by $.03/share and the stock drops 10% (silly people)... Meanwhile, Texas Instruments' earnings soared... Online brokerages eSchwab, Ameritrade Holdings and E*Trade have "healthy" earnings... Kodak's profits: down 43%... Chips & Technologies reported significantly lower earnings than last year. No wonder Intel got them for nothing... Compaq misses expectations while DEC beats expectations... Sun misses estimates by a long shot... Seagate misses earnings by an even longer shot... Cyrix losing money... Excite beats estimates by a lot, but that doesn't change the fact it's still losing a lot of money... @Home losing more money than ever... Apple (of course) losing money, but they seem overjoyed that it's less than in the past... ---------------------------------------------------------- Governments & Technology, both good and bad ---------------------------------------------------------- Congress attempts again to come up with laws for intellectual property on the internet (how do they do that when they haven't the foggiest idea what they're dealing with?)... As the U.S. government continues to prove it deserves to be the laughingstock of the world when it comes to technology, the British Parliament is looking to use laptops to replace traditional "red boxes"... Germany is now planning on webcasting all proceedings in Congress... Vietnam has decided to allow full internet access to its citizens... UK Prime Minister, Tony Blair wants all students connected to the internet by 2002... Europe is investigating Microsoft for anti-trust practices... ---------- Books ---------- O'Reilly has a new book on Office 97. O'Reilly, for those who don't know, publishes wonderful computer related books. Each book has a great ink drawing of an animal, that often becomes closely associated with the topic of the book (e.g. Perl and the camel). Anyway, the animal for Office 97? The Dodo... Larry Ellison's authorized biography, as written by Mike Wilson, is, indeed, titled: "The Difference Between God and Larry Ellison"... ----------------------------------------------------- Berating the obvious: (they call this news???) ----------------------------------------------------- MSN upgrades and (surprise!) doesn't work, shutting users out of the service for quite some time...Compaq lowers prices, and decides to sell via the web (finally)... Marc Andreesen's role continues to decrease at Netscape (Egads, is this the end of Boy Wonder?)... Video on Demand for free (via Freelinq) in Trump Tower... U.S. "not the slightest bit prepared" for a computer attack... CompuServe totally revamps service (and swears it has "nothing whatsoever" to do with pressure from new boss Steve Case)... Reed Elsevier, Wolters Kluwer, and Chilton are all one company now, as, it seems, they may have realized that they're getting killed by the internet... Lots of hype about nothing new concerning the Merced chip from Intel & HP... Developer release of Rhapsody is out for the six or seven people who want it... Meanwhile, Apple felt the need to reduce prices up to $1,000 and offer cash back incentives, since (guess what?) no one seems to be buying their machines... ICG Communications buys Netcom for next to nothing... Comedy Central doesn't want online versions of South Park, despite the fact that's how many people first found out about the hit show (silly executives, don't you realize? It's free advertising...)... AltaVista triples index... CD Now to spend $10 million in advertising for e-commerce... Sun debuts Java chip... Microsoft's online support for IE4.0 accidentally displays its main help page in Swedish... Cyrix claims it has rights to Intel's Slot 1 secret design via its merger with National Semiconductor... Two more execs leave Apple. Soon it'll just be Steve Jobs alone with the virtual empire in his mind... Online Marketers agree to "police themselves" concerning spam. Oh yeah, that's gonna work wonders... NCR cuts 1000 jobs... Encyclopedia Britannica finally moves to the web... http://quicken.excite.com/ ... Apple forces macosrumors to shut down... Excite buys Netbot... Time Warner looking to acquire Infoseek... Barnes & Noble blames $20 million spent on its website for its weak earnings... Geocities gets more visitors than MSN... Steve Case resigns from Excite's board... IE4.0 has a huge security hole... Rambus unveils new chip technology... IBM to have a "job buyout" to get rid of thousands of jobs... New CEO at AT&T: former Hughes CEO, C. Michael Armstrong... ------------ Surprises: ------------ GTE jumps into the fray and puts up $28 billion for MCI (which makes the rumored AT&T buyout of GTE just slightly more interesting, yes?)... Earthlink (!) fines spammers $200 a day... In Oakland, all new public housing projects will be required to have computers and internet access... NASA's Cassini probe didn't decimate half the country... Mcafee buys Network General, and renames itself Network Associates, becoming the third largest PC based software provider... AOL & Netscape form messaging service... Microsoft looking to throw another billion into cable. This time it's in the direction of John Malone's TCI... AMD and DEC to develop the K7 jointly... IE4.0 cannot run on many Compaq Presarios... Netscape and Microsoft to work *together* on content?????... ClariNet tops Inc. Magazine's list of internet companies. ClariNet?... Amazon.com, who many people felt was strongly positioned since it had virtually no inventory holding costs, has decided to build two huge warehouses... Microsoft has recently settled a trademark lawsuit with a British supermarket chain that has been making a line of women's underwear named microsoft (It's too bad, since that would have been a fun trial to follow)... ------------------------------- (Mis)Uses of Technology: ------------------------------- Turns out the "internet through your power lines" discussed here last week won't work in the U.S... U.S. Senators got to test out Internet2 last week by examining a "3D Virtual Ear"... How much do you think Andy Green would have to pay on the speeding ticket for hitting 764.168 mph in a car this week?... European E-Mall sponsored by Microsoft... The winner of the "Ignobel" prize (prizes for mediocrity) for economics: the inventor of the Tamagotchi... MusicBot, from BMI, will surf the web looking for music copyright violations... MIT "fashion show" demonstrates wearable computing... ---------- Studies: ---------- Zona Research says internet has "a long way to go" to become a major retail force... Of the top ten web sites visited in September, half were search engines according to RelevantKnowledge... The latest from Open Market's Internet Index: 58 percent of internet hosts are in the U.S. and 65% of public schools were connected to the Internet last year (mine still isn't). Also, percentage of people who remember a banner ad from a Web site: 12. Percentage of people who remember a TV ad: 10... IDC has found that 59% of US companies have Intranets (38% of European) and next year expect that number to rise to 77% in the US and 75% in Europe... A study by Spiral Media has found that business leaders want more tangible results from their web investments... Apparently those funky ergonomic keyboards are "bad" for you... Ovum research has conducted a huge studying suggesting that more e-commerce will take place over televisions, rather than computers... -------------- Predictions: -------------- Money Magazine's new pay web site will fail... Watch out for Lucent! This week they sucked up Livingston Enterprises and now there are rumors that they're buying Ascend... ----------------------- Memes o' the week: ----------------------- Legal wrangling over internet domain names is just getting plain silly. Apparently this week Compassion Net is suing Compassion International over compassion.com (seriously). For those of you wondering, both companies are charities... ------------------------ Too much free time: ------------------------ See the card ideas that Shoebox rejected: http://www.shoebox.com/funny/funny.asp ********************************************************************* Up To Date is written by Mike Masnick from whatever news he hears from whatever sources they happen to come from. It is not intended for any uses other than as one of many possible ways to follow what's going on in the hi-tech industry. I certainly wouldn't rely on it as your only source of info. And, of course, my comments may not accurately reflect reality. If you would like to subscribe to the email version please send an email to mdm8@cornell.edu with "Subscribe Up To Date" in the subject heading. Up To Date is also available on the web at http://www.gsm.cornell.edu/Students/clubs/TMC/uptodate/ Comments are always welcome! *********************************************************************
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