Laura Rohde

Nortel Networks Corp. suffered a quarterly net loss of US$19.4 billion and a net loss on continuing operations of $1.55 billion based on revenue from continuing operations of $4.61 billion in the second quarter of 2001, the company said Thursday.

Microsoft Corp. and VeriSign Inc. announced an agreement Tuesday in which VeriSign will supply extra security for Hailstorm, Microsoft's set of services that will be included in Windows XP and become the key building blocks for its .Net initiative.

U.K. telecommunication equipment maker Marconi Corp. PLC will attempt to regroup this week after a difficult week which began with the company issuing a profit warning last Wednesday and ended on Friday with the resignation of the man scheduled to take over as chief executive in August.

Due to customer pressure, Microsoft Corp. has altered its revamped Office XP licensing scheme, giving business users additional time to upgrade their licensing agreements, the company announced Thursday.

IBM Corp. has created what it calls the world's fastest silicon-based transistor, which in about two years should be able to drive communications chips to speeds as high as 100GHz, the company announced Monday.

The DRAM (dynamic random access memory) chip market will be worth 55.5 per cent less this year than last largely because of falling chip prices, according to a study published Thursday by Dataquest Inc.

In anticipation of the Windows XP operating system's launch on Oct 25, Microsoft Corp. and a number of PC makers on Wednesday announced a program to designate PCs as "Windows XP Ready."

Microsoft Corp. and Vodafone Group PLC announced Monday the launch of a new service delivering real-time e-mail, SMS (short message service) and voice communication to corporate customers via the Outlook platform, powered by the Microsoft Mobile Information 2001 Server (MMIS).