Accenture dragged down
IT services provider Accenture saw its net income drop substantially in its second fiscal quarter due to investment losses. Net income fell to $US10.6 million, down from pro forma net income of $80.9 million in the same fiscal quarter last year. The drop is due primarily to a charge of $212 million the company took in the second quarter in investment losses. Accenture last month announced plans to sell most its venture and investment portfolio to reduce future earnings volatility. Revenue rose 1 per cent to $2.91 billion in 2002's second fiscal quarter.iSeries users chew the fatMore than 3,000 users of IBM's venerable iSeries mid-range systems formerly known as the AS/400 gathered in Nashville last week for the biannual Common trade show. Key areas of interest were server consolidation, Web-enabling of existing applications, support for Unix on iSeries servers and the upcoming release of a new version of the OS/400 operating system. "Judging from the number of sessions on [logical partitioning], server consolidation is clearly one of the main interest areas," said Charlie Massoglia, president of Common, the user group of IBM's mid-range systems. "The payback in terms of savings on cost and management" is driving much of that interest, he said.
Giants push security spec
IBM, Microsoft and VeriSign have published a Web services security specification they hope will fill what has become the most glaring hole in the nascent technology. Making the announcement at Microsoft's annual Tech Ed conference, the three companies said the specification, called WS-Security, outlines how to integrate disparate security systems such as Kerberos or public-key infrastructure using a set of extensions to the Simple Object Access Protocol. In essence, WS-Security will let Web services pass secure and signed messages, a process that today requires a patchwork of proprietary technology.