Online Ad Firm Sues Distributors
An online advertising company, 180Solutions, sued seven of its affiliates which, it claims, used viruses to spread its ad software to thousands of computers without their owners' consent.
The company seeks unspecified damages and a halt to the distribution of its software.
U.S. Urges Delay in '.xxx' Suffix
The U.S. government asked the Internet Corporation for Assigned Names and Numbers to delay approval of an ".xxx" domain suffix for pornography.
The Commerce Department said it has received about 6,000 letters and e-mails opposing the domain.
Gateway Share Price Down 20%
Gateway's stock price fell 20 percent after the personal-computer company cut its 2005 sales and profit forecast, and said it will reduce direct sales to avoid competing with retail outlets. Shares closed at $3.11, down 78 cents. For the year, Gateway stock is down 48 percent.
Hewlett-Packard said fiscal third-quarter earnings fell 88 percent, to $73 million, as the company paid $988 million in taxes and other charges for repatriating $14.5 billion in foreign earnings. Revenue in the quarter ended July 31 rose 10 percent, to $20.76 billion.
Applied Materials, the world's largest manufacturer of semiconductor-production equipment, said its third-quarter profit fell 16 percent, to $369.6 million. Sales declined 27 percent, to $1.63 billion, in the quarter ended July 31.
Compiled from staff and news service reports.