Up-To-Date – October 19 – 25, 1998

from the Up-To-Date dept

Proud not to cover the MS trial

The not always serious,?
not always weekly update
on the High-Tech Industry
October 19th - October 25th, 1998
Proud *not* to cover the MS trial
Say that again...
"We're in the middle of a major marketing shift, one that will be more powerful than banner ads."
- Sarah Stambler, author of a report on electronic marketing, implying that banner ads actually were powerful.

"It's not like I have 15-year-old girls throwing their underwear at me.? I think the 15-year-old geek inside me is still disappointed about that."
- Linus Torvalds, Mr. Linux, on the burdens (or lack thereof) of fame, in Time Magazine.

"It starts with e-mail, then you get them interested in a buddy list, so they can find their friends and family. Then you move them into shopping, and managing their money, and gift reminder services."
- Barry Schuler, president of AOL Interactive Services, demonstrating the connection between drug dealers and AOL Interactive Services, in the NY Times (somehow I hear a burst of evil laughter following this quote)...?

Earnings Reports, IPOs and the like
Onsale reports greater revenues, smaller losses... Excite adds some poison pill amendments to its stockholder rights... RealNetworks had a great quarter and they give credit the Clinton testimony... SportsLine matched expectations (more revenue, and still big losses)... TI surprises everyone with pretty damn good earnings... Egghead losing more money... Microsoft, of course, announced killer earnings... PeopleSoft reports expected earnings, but much lower sales, and the stock gets trashed... Sucks to be a private Internet company these days: Healtheon, TheGlobe.com, and Vignette all pull their IPOs this week (sorry guys)... IBM beats expectations and gives credit to increased PC sales... Qwest reports smaller than expected losses and claims they really (really!) do believe in greater bandwidth (phew)... SGI losing less money than in the past (and much less than was expected) but we're still looking at rapidly decreasing revenue... ZD reports poor earnings, and blame just about everything they can think of... Open Market to lay off 20% of their staff (ouch!)... CDNow reports a huge loss, but not as bad as expected... Inktomi making tons of money (well, that's what happens when everyone uses your engine, I guess)... Lucent posts huge earnings (still a powerhouse)... Gateway had a great quarter... GeoCities still losing money with no end in sight... Preview Travel continues to lose more and more money... Ascend beat earnings estimates, but not by enough... Network Associates has a good quarter... Computer Associates beats estimates...?

Rumors, Conspiracies etc. of the week...
Microsoft tried to buy PalmOS from 3Com some time ago... Apple, of course, tried to one up MS by buying the entire PalmPilot unit from 3Com (but Eric told Steve to go away)... Craig Barrett sent around an internal memo to Intel employees talking about why it was good that staffing levels are falling, but it was bad that Intel customers are basically pissed off about lack of products, and late deliveries. Of course, the note did nothing to connect the two... AT&T on the verge of making a big deal with 3Com to provide telephone service (AT&T, of course, says they're looking at many vendors, including 3Com)... Ciena is rebuilding its failed merger with Tellabs...?

News you should have read elsewhere
Netscape 4.5 in official release (biggest improvement?? It's 0.5 releases ahead of MSIE)... SportsLine agrees to pay money to Excite to some exclusive something or another... General Instrument buys a minority stake in SpyGlass... Finally, the N2K-CDNow merger is official...?

News you could do without
Salon to beg for money in order to survive (now there's a business model)... Time-Warner, who apparently believes in the "hit me again" approach to making deals, has a new agreement with AOL... Geocities to use Inktomi's search engine (how original)... Priceline to begin reverse auctions for hotel rooms... New barnesandnoble.com site includes used books... Online travel sites (notably, Microsoft's Expedia) whining that they get lower commissions than regular travel agents (oh, hush up)... Microsoft relaunches Sidewalk (again) with a focus on shopping (the latest "next big thing" on the Internet)... IDT announces it's improved the quality of its Net2Phone product... Intel's anti-trust hearing pushed back (I think the DOJ is busy enough right now)... Washington State finally sues a spammer... SGI delays the release of their NT workstations (not a good sign)... Microsoft and Softbank pull down a site that reveals MS user IDs... Cyberian Outpost to follow in Beyond.com's footsteps and take out national TV ads... Iomega hires turnaround specialist from Rockwell Automation as CEO, to try to save the flailing company... Mapquest relaunches its site... US Gov't using unauthorized frequencies for military uses throughout the world (though, they swear, they're working on fixing that right up, now)... Microsoft Site Server to include auction capabilities (so now we'll see even *more* auction sites)...?

Sun acquires Beduin Communications, a small Canadian company building small Java apps... Harris Corporation has sued Apple Computer for a ton of money for tossing out the Newton (took 'em pretty long to notice, didn't it?)... Intel buying Shiva... SBC buying a stake in Concentric Networks... Samsung to release an MP3 player (RIAA can't stop *everyone*, can they?)... NEC chairman resigns in the midst of a huge Japanese scandal... The IRS is now claiming that its computers will be Y2K compliant by January of '99.? This seems to be quite different than what they were reporting in the past...?

(Mis)Uses of Technology:
The super smart folks at Sandia National Labs have created a tiny mechanical lock for computer chips that will block unauthorized access to whatever info the chip is dealing with... Hyatt is planning on installing printers in hotel rooms... NuvoMedia (who names these companies, anyway?) releases their eBook at Barnes & Noble, for a mere $500... A paralyzed man receives chip implant that lets him control a computer with his thoughts (I don't know about this one)...?

A new study from Charles Schwab and SeniorNet has found that those over 50 are "embracing the Internet in record numbers"... A new study from Jupiter says that most people purchase online due to lower prices (duh!)... A new study from Bloomberg news shows that only 11% of magazine publishers see the Internet as a competitive threat... A study from NYU shows that newsgroups are most helpful for folks with problems or "marginalized but concealable" behavior (basically, newsgroups make for great support groups)... Veronis, Suhler & Associates has released a study predicting online advertising will be a $6.5 billion business in 4 yeas...?

There's some court case going on concerning Microsoft.? I'm not going to talk about it this week, because there's way too much coverage elsewhere, it's fairly well tread, and it's boring as anything...

More Internet consolidation in the works.? With the failure of Internet IPOs this week, more and more companies are going to look to "bulk up" by acquisition...?

Too much free time:
Personally, I think this makes the whole thing that much more suspicious: http://snopes.simplenet.com/spoons/faxlore/clinton.htm

Up To Date is written by Mike Masnick from whatever news he hears from whatever sources they happen to come from.? It is not intended for any uses other than as one of many possible ways to follow what's going on in the hi-tech industry.? I certainly wouldn't rely on it as your only source of info.? And, of course, my comments may not accurately reflect reality. Finally, an explicit warning about investing: I do not, under any circumstance, consider any piece of information in this newsletter "investment advice" and neither should you.?

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