Update: Bizex worm burrows for financial details

An ICQ worm has been found to seek out more than instant messaging contacts - it also scours infected machines for financial information. The Bizex worm - discovered yesterday - is received as an instant message on the ICQ network that urges the recipient to visit a site offering cartoons. But if visited the worm downloads more components that allow it to scan the computer for banking systems installed by holders of Wells Fargo, American Express UK, Barclaycard, Credit Lyonnais, Bred. ...more

Microsoft's Office Live moniker under threat

Following the news that it was ordered to pay $1.5 billion in patent infringement damages to Alcatel-Lucent, Microsoft has been hit with another legal whammy, this time regarding its Office Live offerings. Online media company Office Live has announced that it is suing Microsoft for federal trademark infringement of its moniker. ...more

WiFi hot-spot bubble set to burst

Forrester Research is predicting that a proliferation of Bluetooth devices and an abundance of WLAN access points at home and in the office will burst the spot-com bubble come 2008. 'With all the hype today about the rollout of WLAN public hotspots, it's as if the dot-com boom and bust never happened,' said Forrester Senior AnalystLars Godell. 'We believe that much of the money being poured into public WLAN today to enable access - from places as diverse as bars, marinas, hotels, and airports, as well as train, bus, and metro stations - is being wasted. ...more

Microsoft loses appeal to EU court over anti-trust remedies

The Luxembourg-based European Court of First Instance has ruled that Microsoft must abide by the decision this year of the EU Competition Commissioner. It must publish technical interoperability data allowing rival companies to create competing server products. Microsoft must also introduce a version of Windows into Europe without the disputed Windows Media Player. ...more

Optical disc giant to buy optical disc giant

Optical disc giant Imation is to buy rival Memorex in a deal worth up to $375m. Imation will pay $330m in cash, with further potential payments of up to $45m depending on performance in the three years following the acquisition. Following the deal, Imation expects Memorex to add up to $36m in operating income to the balance sheet. ...more