palmOne scales new heights with $40 high on the Nasdaq

Shares in PDA maker palmOne reached $40 last week, little more than a year after the price plunged so low that Palm faced being delisted from the Nasdaq stock exchange. palmOne, which was formed late last year following the splitting of the original Palm into its hardware and software components, owes its recent success to the June 2003 acquisition of rival Palm OS licensee Handspring and its Treo line of smart phones. The Treo 600 is now selling so well - it is Orange's top-selling smart phone, according to a source - that the company is struggling to keep up with demand. ...more

BT invests further ?12 million for 21CN

BT is trumpeting a ?12 million investment in an international voice platform based on internet protocol (IP). Due to be completed in March 2008, the project is part of BT's '21st Century Network' (21CN) initiative, its next-generation telecommunications network. The MPLS (Multi-Protocol Label Switching)-based network will span across 30 countries worldwide, and will - according to BT - dramatically increase the scale of BT's global voice capabilities. ...more

Jobs talks innovation

Apple CEO Steve Jobs continued to beat the drum for innovation in his latest interview, with Business Week. Challenging - albeit implicitly - those who insist that the company's future remains uncertain, Jobs pointed out that during the current downturn in technology markets, Apple and dominant PC maker Dell are the only two computer companies making a profit. 'A lot of companies have chosen to downsize,' he said. ...more

Rivals cheer over Napster ruling

The 9th Circle US Circuit Court of Appeals' decision to shut down the song-swapping side of Napster has given the thumbs up to its online rivals. Now that Napster must stop the unauthorised trafficking of copyrighted material, its competitors have seen a sharp increase in stock value, and analysts expect that the major labels (Sony, Universal, EMI, Warner and BMG, the latter of which has already organised a subscription service with Napster) will show a heightened interest in forming licensing alliances. E-music. ...more

China emerges as phishing super power

China is emerging as the new super power for cyber-criminality, according to security companies. Spam specialist Marshal claims the People's Republic has become the number one source of phishing email in the past week, rising ten places. The sudden surge in phishing out of China has pushed levels to their highest since July, claims the company, a threefold increase over the average for the past six months. ...more