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...financial services. Integrion plans to battle the software giant by linking consumers to accounts through the Internet, and with financial software like Intuit's Quicken. The partners will also set up interactive kiosks that act like bank branches for home banking away from home. "With this new venture," says IBM chairman Louis Gerstner, "electronic commerce will take its biggest step forward to date...
After watching everyone from Microsoft to Meca Software gobble up online-banking customers, banks have become eager to prove that they're not headed for extinction. Last week IBM and a group of 15 U.S. and Canadian banking behemoths, including Bank of America, Banc One and Mellon Bank, unveiled a venture that aims to provide a full range of financial services to the banks' 60 million customers at the touch of a telephone button or the click of a mouse. Called Integrion, the partnership will phase in such activities as bill paying, electronic lending and stock and bond trading beginning...
...time. Yet why, after such extraordinary careers, do they need the headache of a high-tech start-up? "We both like tilting against giants," says Ben. "When Harold started his satellite program at Hughes, he was going against AT&T. In the personal-computer business, I was up against IBM and other giants." The giants ignored them, and paid the price. The Rosens have this idea that history just might repeat itself...
...anything with a screen and a modem. The first stop is likely to be an Internet TV, followed by a $500 network computer, online video gaming machines and Net-surfing cell phones. Organized around a powerhouse electronics alliance that includes just about everyone but Microsoft (Sony, NEC, Nintendo and IBM are supporting the venture), the company has one aim: to use the Internet to make Microsoft Windows irrelevant...
...suppose an error on the machine's part is out of the question. After all, machines are always right, aren't they? And everyone complaining about IBM's computerized scoring service must be wrong, right...