Atari CEO Resigns
Atari chief executive James Caparro resigned from the video-game maker, effective immediately. Chairman Bruno Bonnell will be acting chief executive, the company said.
Lexmark Misses Appeal Deadline
The U.S. Supreme Court won't consider a closely watched copyright lawsuit in which Lexmark International is trying to stop computer-chip maker Static Control Components from selling parts allowing cheaper toner cartridges to be used in Lexmark printers. Lexmark's appeal to the Supreme Court was filed late and rejected, returning the case to a federal district court in the company's hometown of Lexington, Ky. Lexmark contends its intellectual property rights are at stake; Static Control of Sanford, N.C., says the issue is allowing competition.
Qwest to Sell Junk Bonds
Qwest Communications International plans to sell $1.25 billion of debt in the largest offering of junk bonds since General Motors caused a tumble in high-yield bond prices almost three months ago. Qwest has $13.8 billion of junk bonds outstanding.
Cisco Cites Demand for Routers
Cisco Systems said it has seen a surge in demand for its fastest routers, a sign telephone carriers are stepping up spending on networks. Cisco has shipped more than 100 routers costing up to $1 million each since releasing them last year. U.S. phone companies will spend about $49.5 billion on equipment this year, the second year of increases after a three-year slide.
Dell CEO Willing to Have Price War
Dell chief executive Kevin B. Rollins said his company is willing to "sustain" a price war to win printer sales from rivals. "We are in it for the long run," Rollins told investors at a Bear Stearns technology conference.
Compiled from staff and news service reports.