Lynchpin of Internet traffic files for bankruptcy

KPNQwest - the pan-European data communications company and the largest carrier of IP traffic in Europe - has filed for bankruptcy. The company, which was already under administration, has issued a formal statement: 'The efforts to try and sell certain non-critical assets in order to secure sufficient cash proceeds to meet the ongoing obligations of the company have not been successful. This situation is not expected to change over the next 24 hours. ...more

And also today (23-Jan-2001), for the record...

Here, in brief, are some of the day's other stories. What's in a name? Borland Software Corporation has finally and officially completed its name change back from Inprise Corporation. The Company's Nasdaq market symbol will now be "BORL" and not "INPR". ...more

An open lab for Open Source

A high-powered computing centre has been opened in Portland, Oregon. What's of interest is that it's just for the use of Open Source developers. The independent and not for profit Open Source Development Lab (ODSL) has already been backed with $24m in funding, and the idea is to encourage the building of business-oriented capabilities for Linux-based software. ...more

Average laptop worth $1m

New research by a computer security firm has estimated the value of the average laptop to be worth close to $1mn. Symantec discovered that that is the value of intellectual property and commercially sensitive data stored in emails and while the average is high enough, some laptops were carrying around information potentially worth ?5mn. However only 42 per cent of the companies automatically backup emails, with 45 per cent leaving it up to the employee, which leaves 13 per cent that just do not bother. ...more

ATI to roll out R500 GPU for Xbox 2 early 2005

ATI Technologies is expected to roll out a new GPU, codenamed R500, for the Xbox 2 in the first quarter of next year, according to market sources. The R500 will be built using a 90nm process at Taiwan Semiconductor Manufacturing Company (TSMC) and will deliver performance similar to ATI's next-generation high-end graphics chip, the R520, the sources said. ATI is cooperating with Microsoft to develop the chip, but the software vendor will be responsible for placing orders with TSMC. ...more