26th October 2006 Archive

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IE7 spoofing bug pops up

Phisherman's friend

Security researchers have identified a pop-up address bar spoofing weakness in Microsoft's newly released Internet Explorer 7 browser. The flaw, first reported by security notification firm Secunia, might lend itself to phishing attacks and remains currently unpatched. The security bug creates a means for hackers to display a …

Software & Security 26 Oct 2006, 10:57
CapGemini waves $1.25bn at Kanbay

Expanding in the US and India

Services firm CapGemini has made a $1.25bn bid for Kanbay, the US-based IT consultants, in a bid to expand its footprint into the US and Indian markets. The offer of $29 per share, represents a 16 per cent premium on Kanbay's closing price, yesterday. The firm said the deal was part of its growth strategy, and that once …

IT Channel 26 Oct 2006, 13:24
Bell to boost reselling

And redo its accounts

Bell Micro Products wants to double its reselling business to £1bn in two years, said the firm's president on the announcement of its third quarter results. Acquisitions were in the offing, said John Bell. But the firm has been tangled up in some accounting problems with its last batch of acquisitions - and it may have to …

IT Channel 26 Oct 2006, 13:52
ID thieves pumped then dumped on brokerage houses

$22m losses

US-based online brokerage houses have been hit by losses of $22m after an attack by a sophisticated gang of identity thieves. Rather than using key loggers to snatch the bank account credentials of prospective marks, fraudsters targeted account holders of online brokerage accounts. Using hijacked accounts (or fraudulently …

Software & Security 26 Oct 2006, 14:06
Ellison's venomous tongue devastates Red Hat shares

Thanks a lot, Larry

Investors seem to be taking Oracle chief Larry Ellison as seriously as he takes himself. They've crippled Red Hat shares today simply because Oracle rolled out discounted support for Red Hat's server operating system. Shares of Red Hat were down 26 per cent, at the time of this report, to $14.35. That's a hell of a drubbing, …

Enterprise 26 Oct 2006, 17:30
HP's services chief outsources himself

Resignation week continues

It's resignation week at HP where the company has lost another executive to the scourge that is "personal reasons." HP's short-time services chief Steve Smith is out. He worked as SVP and GM of HP services since July of 2005, and joined HP in January of 2005 to head up its managed services (aka outsourcing) operations. Before …

IT Channel 26 Oct 2006, 20:32
Assault by battery: Sony's profits go up in flames

Sets aside $432m to pay for recall

Sony's quarterly profits plunged 94 per cent following fall-out from its exploding battery woes. The consumer electronic giant's predicament is there for all to see as it posted net profits of just 1.7bn yen ($14.3m €11.3m) for its second financial quarter on Thursday. Sony also reported an operating loss of 20.8bn yen ($175. …

IT Channel 26 Oct 2006, 22:14
Microsoft steamrollers through Q1

License to print money

Who needs new product when you knock out results like this: Microsoft may be late with Windows Vista and late with Office 2007, the upgrades for its two biggest revenue spinners - but it still produced a stellar September quarter. Revenue in its fiscal Q1, ended September 30, was $10.8bn, 11 per cent up on same time last year …

PC Builder 26 Oct 2006, 22:37