Verizon, Yahoo Join for Cheaper DSL
Verizon Communications will team with Yahoo to offer a lower-priced fast Internet service to win subscribers from cable providers. Verizon will offer Web access over a digital subscriber line as fast as 768 kilobits per second for $14.95 a month (with a one-year contract) in 28 states. The offer matches a similar service from Yahoo and SBC Communications, and is less than the introductory $19.95 price of Comcast.
Suzuki to Offer XM on Two Models
Suzuki will offer receivers from District-based XM Satellite Radio on its 2006 Grand Vitara and XL-7 vehicles as a $399 option, plus installation. In addition to Suzuki, XM has exclusive installation agreements with Honda, Hyundai, General Motors and Toyota. Its rival, Sirius, has deals with Ford, DaimlerChrysler and BMW. Both satellite radio companies charge $12.95 per month for service.
Intel Announces New Chip for PCs
Intel unveiled a personal-computer chip that combines elements of processors for desktop and notebook machines, seeking to mirror the success of its Centrino notebook chips. Intel expects to ship the new chips in next year's second half, chief executive Paul S. Otellini, left, said in a speech at a company-sponsored conference in San Francisco.
Otellini said the company took designs from Centrino to cut power consumption in one new chip design by a factor of 10.
Gateway Names Goldsberry CFO
Gateway named John Goldsberry, 51, as chief financial officer, succeeding Rod Sherwood, 52, who announced his retirement in June. Goldsberry was CFO of eMachines, which Gateway bought in February 2004.
Also, Gateway, which ceased U.S. manufacturing in 2003 when it closed its South Dakota and Virginia factories to cut costs as demand fell, announced it will build a new plant, probably on the East Coast.
Compiled from staff and news service reports.