James Evans

Online shopping in the United States is cooling off and lower year-over-year sales are expected for the next three weeks leading up to Christmas Day because of an initial surge in shopping traffic during November, a new study suggests.

Now that days of dot-com "work up to your ears" are past, smaller Internet consulting firms are redefining their strategies and trimming their staffs.

Lucent Technologies Inc. allegedly provided its investors with false and misleading information on its financial results for the fourth quarter of this year, according to a suit filed Friday in a federal court in New Jersey.

An Internet worm that disguises itself as a Shockwave Flash movie is gaining traction among corporations around the world, and at least one anti-virus software vendor upgraded the virus to "high risk" Friday afternoon.

Less than a week after Lucent Technologies Inc. announced it had trimmed its fourth quarter revenue by US$125 million, a New York law firm said it has been retained to commence a class action suit against the telecommunications giant, alleging it provided investors with false and misleading information on its financial results for the three month period.

EarthLink Inc., the United States

Nestled in between leading IT vendor booths and one for the state of California, a booth showed off the offerings of the United Arab Emirates city of Dubai and H.H. Sheikh Mohammed Bin Rasid Al Maktoum's dream of making it an IT centre in the Middle East.

Microsoft Corp. must pay software maker Bristol Technology Inc. US$3.7 million in legal fees in addition to...