Yahoo! doubles its profits

The rise and rise of Yahoo! continues. Yesterday the internet portal announced that it has doubled its profits for the last quarter compared with the previous year. The company said that income for the first quarter of 2005 totalled $205mn. ...more

Magix at odds with BPI over mix-your-own ringtones

Magix is at odds with the British Phonographic Industry over its new ringtone software. At a tad under ?20, Magix ringtone maker allows you to opt out of the ?120mn industry by creating your own ringtones rather than play ?1.50 and risk being scammed by disreputable companies abusing reverse SMS charging and so on. ...more

Companies rally behind XP

The big news story of the day is the unveiling of XP, and the big players of the industry are keen to take their place alongside Microsoft and its new OS. AMD, for example, is so keen to be associated with the new release, it has adopted the name for its latest Athlon (in its case, of course, XP stands for eXtreme Performance not eXPerience, but we get the message). "AMD is committed to ensuring that systems powered by the AMD Athlon XP processor deliver extreme performance for Windows XP, helping it to become the most successful operating system ever," avowed Patrick Moorhead, a VP of AMD. ...more

BT chops and changes broadband pricing

Customers of BT Wholesale's DataStream products are due for a cut of 50p, while IPStream business services are due for a hike of ?5. DataStream customers, such as Tiscali and Energis, have fought long and hard to get the same price cuts that BT has allowed on its IPStream products. In April, BT announced cuts of ?1. ...more

Intel sees recovery delayed

Sluggish European demand blamed for poor sales in Intel's second quarter. The chip giant is to cut 4,000 jobs as a result. Amid falling sales, Intel is downbeat about any immediate economic upturn lead by IT spending. ...more