Internet squeeze play

Article Abstract:

Infoseek and Snap have teamed up with Walt Disney and NBC respectively, in a move expected to provide both portal firms with money to promote their sites. Meantime, highly-valuated Yahoo and Excite have been left out in the cold following the spate of mergers between big media firms and other Internet directory services known as portals. The negotiations are still going on as CBS is reportedly talking to mid-tier player Lycos while Disney announced that its Netcenter portal may be subject of a takeover. The speculation has caused Netscape Communications' stock to rise by 10% after Disney bought a 43% stake in Infoseek. The events may determine who the major players in the portal industry will be five years from now, according to analyst Chris Charron of Forrester Research.

Comment:

Teams up w/ media firm NBC

Strategic alliances, Online information services, Infoseek Corp., Snap

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Slowdown claims 2,000 jobs at Applied Materials

Article Abstract:

Applied Materials will eliminate 2,000 jobs and reduce executive pay by 10%, becoming the latest casualty of the struggling semiconductor industry. A semiconductor makers have laid off workers including Lam Research, Novellus Systems, National Semiconductor and Intel. The No. 1 supplier of equipment to computer-chip makers will assume charges to cover the restructuring, resulting in a loss for the fourth quarter of 1998. An analyst said that Applied has little hope to recover given the bleak business outlook for the semiconductor industry.

Comment:

Will eliminate 2,000 jobs and reduce executive pay by 10%, becoming the latest casualty of the struggling semiconductor industry

Semiconductor Devices, Personnel administration, Applied Materials Inc.

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Intel chip allows home PC netwok

Article Abstract:

Intel intends to make a computer chip that will make it easy to create home-based computer networks. The chip, which is expected to become available in early 1999, will enable families with multiple PCs, to share printers, files, computer games and access the Internet using only one account. Intel's home network package, which is expected to add not more than $100 to the regular price of home PCs, is expected to cater to the nearly 18 million homes in the US with multiple PCs, a sector that is said to be only 10%-networked.

Comment:

Intends to make a computer chip that will make it easy to create home-based computer networks

Product development, Microprocessor Chips, CPUs (Central processing units), Intel Corp.

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