A Technology Briefing item in the June 28 Business section incorrectly said that an SBC Communications fiber-optic network will debut in mid-2008. Project Lightspeed will debut late this year or early 2006, and SBC plans to reach 18 million homes by mid-2008. (Published 6/29/2005)
Online Poker Firm Opens Strong
Shares of PartyGaming rose 11 percent in their first day of trading on the London Stock Exchange despite concerns over a possible crackdown on Internet gambling in the United States, where it gets about 87 percent of its income. The Gibraltar-based online poker company's common stock opened at $2.12 a share, valuing PartyGaming at $8.46 billion, before closing 23 cents higher at $2.35. PartyGaming acknowledged in its prospectus that it relies on U.S.-based payment processors, and possible U.S. legal action poses a great risk to the stock.
SBC Fiber-Optic Project Delayed
SBC Communications, the nation's second-largest telephone company, has pushed back the target for completing a fiber-optic network by six months.
So-called Project Lightspeed, now scheduled to debut in mid-2008, will allow SBC to compete with cable companies by offering television service to 18 million homes.
A spokesman for the San Antonio company said the slower completion would be more efficient in terms of labor and capital spending.
ChoicePoint to Work With IRS
ChoicePoint, a provider of consumer credit reports, said the Internal Revenue Service has chosen it to deliver and process data files. ChoicePoint said in a statement that the five-year contract has a maximum potential value of $20 million.
Google Adds Video Channel
Google unveiled a video-viewing channel on its search engine. Watching the amateur and professional videos in Google's index requires free software. The software streams Google's videos through Internet Explorer or Firefox.
Compiled from staff and news service reports.