Stories by Nancy Weil

Report: Yahoo to pay $1.4 billion for stake in Alibaba

Yahoo is poised to pay US$1 billion (NZ$1.4 billion) to buy a 35% stake in and hand its Chinese operations over to the e-commerce vendor, the Dow Jones Newswire is reporting, citing "a person familiar with the deal".

IDC: IT spending will rebound, unless war drags on

Unless the war in Iraq drags on, global IT spending will rebound this year, growing 2.3 percent over last year, market researcher IDC said Thursday, in a downward revision of a previous forecast that saw growth of 3.7 percent. The revised forecast, offered in the company's latest Worldwide Black Book analysis, was made because of the war and uncertainty about the stability of some economic regions.

2002 in quotes

In a year awash with scandal and a steady stream of layoffs as the economy continued to stagger, we could take comfort in the certainty that fellows like Oracle chief Larry Ellison and Sun Microsystems' Scott McNealy would amuse us with their comments. We scribbled down what they, and various others, had to say and offer this quote retrospective:

Invasive technologies don't fight terrorism

After last year's September 11 terrorist attacks people have been willing to accept invasive technological measures because they help us feel safer even though they won't thwart terrorism, says author and lawyer Jeffrey Rosen.

Judge rules against Microsoft motion to dismiss

A US District Court judge yesterday denied Microsoft's motion that she dismiss the antitrust case of nine states and the District of Columbia against the software maker, ruling that the company has no legal basis to seek the dismissal.

Tool used to create Anna worm enhanced

The tool used to write the Anna Kournikova worm has been enhanced by its creator and packs a potentially stronger wallop than when it emerged last month because it is capable of sending hidden .exe files and turning those loose on a user's PC, according to lab analysis by software security vendors.

Google acquires Usenet archive from

Privately held Google Inc has announced its purchase of the Usenet Discussion Service from for an undisclosed amount. The search-engine company has already taken over Usenet, which appears at

Zollar says no restructuring news forthcoming

In what qualifies as an odd twist, Lotus Development Corp. Chief Executive Officer and President Al Zollar opened the first news conference of the Lotusphere user show Monday with a non-announcement. He said there wouldn't be any announcement made here this week about the company's restructuring, adding he wasn't sure where the information originated that suggested an reorganization was in the offing. Then, Zollar hurriedly left the room, taking no questions.

Lotusphere:Restructuring likely to steal the show

For the second consecutive year, the top executive at Lotus Development Corp. pre-empted the software maker's annual U.S. trade show here with news that is certain to dim the spotlight on whatever product announcements the company has planned. Collaboration, groupware, messaging -- all will play understudy to details of the company's planned restructuring due to be outlined Tuesday by President and Chief Executive Officer (CEO) Al Zollar.

Lotus announces it will restructure

Lotus Development is being restructured, with the bulk of the reorganisation due to occur this quarter, a company official confirmed last week.