Stories by Michael Drexler

  • Cook serves up Intuit a la Internet

    When Intuit and its market-leading Quicken accounting software finally stumbled onto the Internet just under two years ago, many observers said that the company Scott Cook led and co-founded had already missed a golden opportunity. But after a host of acquisitions and strong moves toward new Internet-related product lines like electronic tax filing, Intuit and the Internet seem to be cooking at last. Intuit's latest earnings report shows that the company posted $US125.3 million in revenues from its online business in fiscal 1999, which ended on July 31, up 157 per cent from 1998, making Intuit one of the world's top Internet companies. Cook, who last year moved from chief executive officer to chairman, talked to IDG's Michael Drexler about how his company will build financial products that blend Intuit's accounting-software prowess with the real-time connectivity of the Internet

  • Linux part of PlayStation 2 console

    Pooh-poohing recent rumours that Sony's much-anticipated PlayStation 2 would run on the open-source Linux operating system, a spokeswoman at Sony last week said Linux is only being used in the development of the company's new gaming console.

  • Compaq to pay Capellas $850,000

    Compaq Computer's new president and CEO, Michael Capellas, will earn $US850,000 in annual base pay and receive a host of performance incentives, according to a quarterly report the company filed with the US Security and Exchange Commission (SEC) last week.

  • NEC spotlights near-photo-quality TFT LCD

    NEC has taken the wraps off a high-resolution TFT LCD (thin-film transistor liquid-crystal display) which the company says can generate a picture that approaches the quality of photographic prints.

  • Compaq to pay Capellas $850,000 salary, incentives

    Compaq Computer's new president and CEO Michael Capellas will earn $US850,000 in annual base pay and receive a host of performance incentives, according to a quarterly report the company filed with the US Security and Exchange Commission (SEC) late Friday.

  • Linux part of 'fastest gaming console ever'

    Pooh-poohing recent rumours that Sony's much-anticipated PlayStation 2 would run on the open-source Linux operating system, a spokeswoman at Sony yesterday said Linux is only being used in the development of the company's new gaming console.

  • Worldwide chip market up 11.8 per cent: SIA

    Driven by resurgent demand in the Asia-Pacific region, worldwide semiconductor sales leaped 11.8 per cent year on year in May, to hit $US11.28 billion, according to a recent report by the Semiconductor Industry Association (SIA).

  • Sega to build networks for online games

    Sega Enterprises last week unveiled plans to start building their own networks for online gaming and videoconferencing starting with cabling projects in the US, Europe and Japan. The network will run over the Internet and will let users play games, such as auto racing and fighting games, via Sega's new Dreamcast video game consoles, said Hiroyuki Mori, a spokesman at the Tokyo-based company.

  • Sony, Hewlett-Packard push rewritable DVD format

    Sony and Hewlett-Packard, in a bid to set a standard for rewritable storage systems, last week claimed they will begin selling the world's first DVD+RW (digital versatile disk + rewritable) drives in the US as early as next month. The companies will ship DVD+RW 3GB internal drives for between $US600 and $700 later this year, Sony and HP spokesmen said here.

  • Mitsubishi posts net loss for second year running

    Mitsubishi Electric remained in the red for the second year in a row, posting a slightly higher-than-expected net loss of 44.5 billion yen ($US364 million) for its fiscal 1999, ended March 31 1999, the company announced last week.

  • Hitachi records first postwar loss

    Slack sales of mainstay products and a stubbornly weak domestic economy led Japanese computer vendor Hitachi to post a net loss of 339 billion yen ($US2.8 billion) for its fiscal 1998, which ended on March 31.

  • Matsushita releases electronic pet

    Matsushita Electric Industrial announced its entry into the "pet" robot market here this week with Tama, a robotic cat designed to be a conversation partner for elderly people.