Emerging Tech

Big banks have thrown Lucent Technologies Inc. a financial lifeline, extending US$6.5 billion in credit to the struggling networking company, but they expect a quick turnaround in return for the loan.

Despite boasting must faster speed and more output ports, Burlington, Ont.

Imagine life with no phone book. Shopping would be limited to stores you already knew about or information gathered from word of mouth.

The New York Stock Exchange (NYSE) fined TD Waterhouse Investor Services Inc. US$225,000 yesterday and censured it for problems related to Web site failures that temporarily stopped it from filling online stock orders and inadequate customer service related to the outages.

Cisco Systems Inc. has warned customers of a flaw in its Internetwork Operating System (IOS) software that could compromise the integrity of TCP (Transmission Control Protocol) traffic sent to and from its routers and switches.

The Pacific Northwest weathered its worst earthquake in 52 years on Ash Wednesday, but despite the quake's strength, high-tech companies sustained little if any damage.

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U.S. companies will spend over US$17.6 billion on offshore outsourcing in 2005, more than triple the current spending amount, according to a study released Wednesday.