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If you use the latest antivirus packages and run a firewall, you don't have to worry about spyware intrusion, right? Wrong, say leading security experts. It is just this type of thinking that is allowing spyware intrusions to overtake computers in both the home and the workplace. Spyware is quickly ...

After a $60 billion rip-off, the disgraced energy giant Enron sheds its old image of EnWRONG to Prisma. After paying $665 million in legal fees, the company is restructured under the name identity of Prisma while some of its executives walk to prison. Prisma is on a short leash, with a staff of 5,00...

Internet retailer Amazon.com today announced financial results for its second quarter, showing net sales up 26 percent and operating income more than doubling over the same quarter last year -- but the figures were below Wall Street's expectations. At the same time, the Seattle-based company project...

Dampening the enthusiasm sparked by its successful initial public offering, hosted software pioneer Salesforce.com has issued a growth forecast that falls short of analysts' expectations. On Wednesday, Salesforce held its first-ever analysts' meeting since going public and, while many of the present...

When a privately held company goes public, it is invariably worth more. Specifically, how does this "alchemy" work? Isn't it like turning lead into gold? Yes, but once the process is dissected, it's far easier to understand. One must understand how market value is set for a closely held, private com...

Microsoft pulled the wraps of its plans to return as much as US$75 billion worth of cash reserves it has amassed to shareholders, possibly signaling the software giant won't pursue any major acquisitions in the near future. Microsoft said its board of directors has approved a plan to provide a one-t...

DreamWorks today filed a registration statement with the Securities and Exchange Commission announcing it intends to make an initial public offering of shares in, and split off, its animation unit, DreamWorks Animation. The studio, formed in October 1994 by Steven Spielberg, Jeffrey Katzenberg and D...

The online finance industry needs a makeover. Like any product or service presented to consumers, it's all about image. A new report by Javelin Strategy and Research shows that the online finance industry is suffering from an image problem. According to the latest Javelin Online Finance Update, cons...

Sun Microsystems reported results today for its fiscal fourth quarter and full fiscal year, which ended June 30, 2004. Revenues for the fourth quarter grew to US$3.110 billion, an increase of 4.3 percent as compared with $2.982 billion for the fourth quarter of fiscal 2003. "Delivering growth and pr...

Federal Reserve Chairman Alan Greenspan said the U.S. economy is poised to continue expanding, and suggested that the sudden drop in consumer spending related to inflation will recede over time. In closely watched testimony to the Senate Banking Committee, Greenspan said sharp price increases that m...

In a meeting in Kuala Lumpur, officials from the Internet Corporation for Assigned Names are hammering out details for self-rule in an effort to separate itself from the U.S. Department of Commerce. The ICANN group, which is responsible for coordinating the Internet's naming and numbering systems, h...

European regulators have approved the merger between Sony Music and Bertelsmann Music Group, leaving only U.S. approval before the two companies can come together to create the world's second-largest music business. Financial terms of the deal have not been disclosed and the merger excludes some act...

Discount brokerage Charles Schwab today announced the immediate replacement of CEO David S. Pottruck by board Chairman Charles R. Schwab in the face of continued sagging profits. In the same statement, the San Francisco, California, company also reported that its net income for the quarter ended Jun...

At a time when the Internet represents a notable percentage of many organizations' revenue and market presence, it is becoming increasingly crucial for businesses to ensure their Web sites are performing well. Uptime is no longer enough. Today, organizations must make sure customers enjoy their onli...

Oil prices flirted with record high levels again today as a fresh round of sabotage attacks in Iraq revived fears that supplies to the U.S. could be impacted. Crude oil prices soared as high as $41.90 during the day in New York trading before settling to $41.64 at the close, a seven-week high. Oil s...