Hitachi Ltd. today lowered its earnings forecast for the current fiscal year and said it will combine two computer subsidiaries in the U.S. into one company.
The Tokyo-based computer vendor said for the year ending March 31, 1999 it will suffer a consolidated pretax loss of 290 billion [B] yen (US$2.6 billion). The company had previously estimated a loss of 230 billion [B] yen for the year. Its forecasted revenues for the year, 7.87 trillion [T] yen, remain unchanged.
America Online reported second-quarter earnings that beat Wall Street expectations and saw the company's revenues rise to $US960 million, a 62 per cent increase over the year-earlier period, AOL announced on Wednesday.
A unit of MCI WorldCom will make a cash offer for leading Australian Internet service provider OzEmail, the US company has announced.
Fujitsu has won an order from a Chinese city government for a WDM (wave division multiplexing) system valued at 1 billion yen ($US8.2 million), the company said yesterday.
Novell yesterday announced a Java-based agent technology for its NDS (Novell Directory Services) that will let network administrators manage and remotely configure routers and switches from three leading vendors.
A panel of chief information officers today concluded that the increasing strategic emphasis corporations place on information systems will push IS heads to play more central roles in charting their companies' strategies.
Several mostly Asian financial institutions have joined IBM in an alliance to build and standardise electronic commerce and banking services, according to IBM.