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04th March 2002

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IN BRIEF

Lanner wins MS partner award
Lanner Electronics, a Windows Embedded Partner, Gold Level member, was recently selected Windows Embedded Partner for the year in the category of Independent Hardware Vendor by Microsoft at the recently concluded Windows Embedded Partner Summit at the Windows Embedded Developers Conference in Las Vegas.

The award recognises Lanner’s position in the embedded marketplace and its commitment to provide platforms for Windows Embedded Applications. The company’s products create a developer friendly environment by offering a cost effective reference platform and serving as a quick prototype launch pad.

Motorola funds Finnish game distributor
Mobile telephone maker Motorola said it had taken an undisclosed stake in a Finnish mobile entertainment company to promote wireless games, including a version of the once red-hot television gameshow ‘Who Wants To Be A Millionaire?’ The funding in Codeonline Oy was provided by Motorola Ventures, which made roughly $50 million in investments last year and has stakes in two other wireless gaming technology start-ups, one of which is developing systems for transmitting streaming-video over handheld devices, the Ventures fund said.

The investment in Codeonline will allow Motorola, the No 2 maker of mobile phones, to expand wireless applications in Europe, where interest in wireless-delivered content is booming.

AT&T Broadband cuts about 500 jobs
AT&T Broadband, the cable unit of AT&T Corporation that Comcast plans to buy, cut about 500 jobs or 12 percent of its staff at its headquarters, a company spokeswoman said. The spokeswoman said the cuts were indicated by AT&T Broadband chief executive William Schleyer earlier this year when he said the company would be looking at resources at its headquarters and in the field. Schleyer said last month that the company has been fine-tuning procedures and services through the company and was cutting a layer of bureaucracy between senior executives and field offices.

Agilent reports loss, sees turnaround
Agilent Technologies, a maker of electronics test equipment and microchips, on Tuesday reported a fiscal first-quarter loss but said it saw signs business was turning around.

Orders topped revenue in a sign of rising strength among some Agilent customers, including semiconductor makers, the company said in a statement.

Agilent reported a loss of $315 million, or 68 cents per share, compared with a profit of $100 million, or 21 cents per diluted share, in the quarter a year earlier, excluding divested operations.

Before one-time restructuring and other charges the loss was $134 million, or 29 per share, better than expected though down from a profit of $232 million, or 50 cents per share, in the quarter a year earlier.

Sales were $1.43 billion after $2.57 billion a year ago.

Agilent two months ago forecast an operating loss of 40 cents to 60 cents per share on revenue of $1.25 billion to $1.4 billion, and analyst estimates reflected that, with the consensus a loss of 50 cents per share on $1.32 billion in sales.

AltaVista to end free e-mail
AltaVista has announced that it will drop its free e-mail service next month as part of its effort to focus on making money from its online search engine. About 400,000 e-mailboxes maintained by AltaVista will be closed March 31, the company said Tuesday. Only half of those e-mailboxes were actively used, AltaVista said.

The Palo Alto-based company offered free e-mail accounts while trying to develop a multipurpose website similar to Yahoo.com. In late 2000, though, AltaVista switched gears again and concentrated on developing the search engine software that originally made its site a Web favourite.

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