Word: teche
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...YORK CITY: Intel's prediction of weaker-than-expected second quarter earnings sent the stock plunging in early trading Friday, dragging many other tech-stocks with it. Citing surprisingly weak demand for its microprocessor chips, Intel suffered a 14.5 percent drop in morning trading on the Nasdaq exchange. By the end of trading, the stock made up more than half its loss, finishing down $12.27 at $151.50 "Investors have a tendency to oversell and overbuy stocks when there is especially good or bad news," said Charles Boucher, an analyst at New York-based UBS Securities. "On a negative announcement from...
...broadcasting." The sweeping 1996 telecom reform law, which some say has yet to bring any major changes to the industry, allowed cable and telephone companies to move into each others' businesses as well as deregulating cable rates and making it easier for media companies to own more outlets. Tech watchers viewed the announcement with mixed feelings. While Hundt reportedly is the first FCC leader ever to log onto the Internet, some in the industry hope that the next chairman will be someone with an even stronger interest in policy issues. But they may be asking for the impossible. When asked...
...crazy enough to go cold turkey, say U.S. intelligence officials. The FBI, which is investigating the Mega case, has grumbled privately that Israeli espionage agents routinely prowl California's Silicon Valley and Boston's Route 128 corridor for high-tech secrets. "The Israelis were bumping into very nearly every one of our friends and allies doing the same thing," says a former FBI counterintelligence agent. In a report last year to the Senate Intelligence Committee, the CIA identified Israel as one of six foreign countries with "a government-directed or -orchestrated clandestine effort to collect U.S. economic secrets." Senior intelligence...
...jobs. They're planning a center to house software companies they would lure with an "incubator" incentive package, including one year of free access to ISDN lines, low-rent offices in the neighborhood of $30 to $40 a month and free technical advice. The goal is to attract high-tech businesses like the one that recently moved in downtown, Integrated Technology Group, which makes software for robotic controls. Gus Comstock, the city's economic development director, sees this as the right kind of business for the future. It is high paying, clean, and does not tax the local infrastructure...
...Arlington, Va., across the Potomac from Washington. There was a lot of fanfare, as there always is when journalists gather to celebrate themselves. The Freedom Forum sank $50 million into the Newseum, and it shows. You can't turn around without bumping into some shiny chunk of high-tech hardware: touch-screen computers, Cinerama-style theaters and a video wall so large--126 ft. long, 10 1/2 ft. high--that it could theoretically accommodate 300 couch potatoes at the same time. Reporters love the Newseum, of course, but so do the schoolkids who come by the busload. This is more...