Intel Disputes AMD's Claims
Responding to an antitrust lawsuit filed by rival computer-chip maker Advanced Micro Devices, Intel denied its business practices broke any laws and dismissed the claims as "factually incorrect and contradictory." Intel, whose chips power about 80 percent of the worldwide computer market, said its rival is smaller because of the way it handles its business, not because of any wrongdoing by Intel.
"AMD has made its own business decisions and choices that have determined its position in the marketplace," said Intel General Counsel D. Bruce Sewell. "AMD seeks to instead blame Intel for the many business failures AMD has experienced." An AMD spokesman did not immediately return a call seeking comment. The suit is expected to take years to litigate.
AOL Will Put Reality TV Show Online
America Online said it will start a new reality television show called "The Biz" on Sept. 15, when 20 candidates will compete to run a new Warner Music Group label. The difference, said the Time Warner subsidiary, is that AOL is broadcasting it over the Internet. "The Biz" will be shepherded by Lyor Cohen, the 45-year-old chief executive of Warner Music's record business who previously worked at Universal Music Group's Island Def Jam, where he nurtured the careers of LL Cool J, Public Enemy, Run DMC and other acts.
Google Invites Europeans Into Library
Google is asking European book publishers to submit non-English material to its Internet-leading search engine -- a move that may ease worries about the company's digital library relying too heavily on Anglo-American content. The Mountain View, Calif.-based company has opened its ambitious Google Print book-scanning project to publishers in France, Italy, Germany, Netherlands and Spain. It marks the first time that Google has sought submissions from non-English publishers since it began to scan books into its search engine index last year.
The Google Print undertaking represents a major piece of Google's effort to convert printed material into a digital format so it can be called up from any computing device with an Internet connection. By indexing the material, Google hopes to attract more visitors to its Web site and spawn more searches that generate advertising revenue.
Ciena of Linthicum narrowed it third-quarter loss to $51 million (9 cents a share), compared with a loss of $141.5 million (25 cents) in the comparable quarter a year earlier. Revenue for the quarter ended July 31 increased 46 percent, to $110.5 million. Gary B. Smith, president and chief executive, said in a statement that the improvement reflected the company's transition from a developer of fiber-optic telecommunications equipment to a more diversified "network specialist." Shares fell, closing at $2.15, down 10 cents, or 4.4 percent, after the company said sales of digital subscriber line equipment may disappoint.
Compiled from staff and news service reports.