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Interactive advertising firm DoubleClick became the latest high-profile Internet company to be hit by hackers as a distributed denial of service (DDoS) attack knocked out the company's advertising servers for several hours, slowing many of the most popular Web sites as a result. The attack hit Doubl...

IBM today announced it has entered into an agreement to acquire Cyanea, a provider of software that monitors and manages the performance of Web-based business applications. Cyanea is a privately held company based in Oakland, California. Financial terms were not disclosed. Upon closing, Cyanea's ope...

German engineering conglomerate Siemens today posted strong earnings growth for the quarter ended June 30, with net income up 29 percent over the same period last year, profit from operations up 21 percent and orders up 5 percent. At the same time, the company also said it now expects to exceed its ...

U.S. Sen. Judd Gregg, chairman of the Senate Committee on Health, Education, Labor and Pensions, recently introduced the Safe Importing of Medical Products and Rx Therapies Act, a bill that will allow for importation of prescription drugs from Canada and a number of Western European countries. The A...

Crude oil prices soared Wednesday, reaching their highest levels in 20 years after another violent day in Iraq and more bad news from Russia's Yukos renewed fears about supplies to the U.S. and other countries being impacted by terrorism. During the trading day, prices for crude futures actually set...

Microsoft said Windows Server and XP upgrades, including 64-bit versions of its most popular software platform that it planned to have available this fall, won't be ready until early next year. Promised 64-bit versions of Windows Server and Windows XP and the Windows Server 2003 Service Pack 1, whic...

The price of crude oil hit a record high of 43 dollars per barrel Wednesday in the NYMEX futures' market. Trading prices dropped again to 42.85 dollars but remained above previous record of 42.45 dollars per barrel, set on June 2. Wednesday's top price, asked for oil to be delivered in September, wa...

BMC Software today announced financial results for its fiscal 2005 first quarter ended June 30, 2004. BMC Software's net earnings excluding special items for the first quarter of fiscal 2005 were $32.1 million, or $0.14 per diluted common share, which compares to $0.03 a year ago and the company's r...

Looking to keep its hold on the top rung among supercomputer makers, IBM landed a contract to build what will likely be one of the five most powerful computers in the world for the U.S. Navy. Known as Kraken, the machine will have a theoretical peak performance of 20 trillion calculations per second...

Two recent "failures" of offshoring projects have been publicized as if offshoring does not work. The most highlighted instance is Dell's return of some support activities to the U.S. The second is Conseco insurance company's 2001-2002 foray into owning its call center in India. These two instances ...

Boston Scientific today announced financial results showing net sales roared up 71 percent to $1.46 billion in the second quarter over the same time last year, and net income skyrocketed by 200 percent, to $377 million. "We experienced impressive growth across all our businesses and regions, and we ...

MessageLabs, Sophos and Keynote Systems have released alerts about the new W32.MyDoom.O worm variant that has been circulating the Internet today and causing traffic slowdowns. This latest variant in the MyDoom virus family was first identified by MessageLabs at 4:40 ET July 26th 2004. "Sadly, peopl...

Investors who want to own a piece of Google likely will have to dig deep into their pockets considering the share-price range of US$108 to $135 the company set today for its upcoming initial public offering. At the expected prices and with some 24.6 million shares up for grabs, the offering would be...

Today's corporations -- both large and midsize -- increasingly are turning over the operation and support of network- and Web-based applications to managed-hosting companies. These businesses specialize, either solely or through divisions, on providing high levels of uptime, protecting their clients...

Microsoft became the latest company to be hurt by high expectations as the software goliath posted an 81 percent increase in net profit and a15 percent sales growth, but fell short of forecast targets and took it on the chin on Wall Street as a result. In a report rife with recurring themes from thi...