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Information Services Industry

BUSINESS
May 24, 2001 | JONATHAN BERR and AMY HELLICKSON, BLOOMBERG NEWS
Lockheed Martin Corp.'s Astrolink venture has raised little more than a third of the $3.7 billion needed to get its satellite Internet service off the ground and is returning to investors for more money. Lockheed Martin, Liberty Media Corp., Telecom Italia and TRW Inc. have promised $1.33 billion for the project, Lockheed said in a Securities and Exchange Commission filing. Astrolink still needs $2.
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BUSINESS
May 23, 2001 | EDMUND SANDERS, TIMES STAFF WRITER
The cost of connecting to the Internet will jump 9% in July for millions of America Online subscribers. The nation's No. 1 Internet provider announced plans Tuesday to hike its monthly rate from $21.95 to $23.90 for unlimited use. The widely expected rate hike, AOL's first in three years, is the latest example of rising prices for Internet users. High-speed Internet providers such as EarthLink and SBC Communications recently raised their monthly rates from about $40 to $50.
BUSINESS
May 19, 2001 | Dave Desmond
Hart High was on the ropes. Ranked as high as No. 2 last month in one national softball poll, the Indians failed to win their fourth consecutive Foothill League title, losing the championship game last week to Valencia and stumbling into Friday's first round of the Southern Section Division II playoffs.
BUSINESS
May 16, 2001 | Reuters
The Internet's governing body approved plans to make two new Internet suffixes available, giving Web site owners an alternative to the crowded ".com" domain space. The Internet Corp. for Assigned Names and Numbers said it had reached agreements to integrate domains ".biz" and ".info" into its addressing system. NeuLevel Inc. of Sterling, Va., will restrict .biz addresses to commercial businesses and Afilias, a consortium of 18 domain registrars, will make .
BUSINESS
May 2, 2001 | LIZ PULLIAM WESTON and MYRON LEVIN, TIMES STAFF WRITERS
Investors are accusing Reed E. Slatkin, a co-founder of the giant Internet service provider EarthLink Inc., of operating a Ponzi scheme that may have resulted in the loss of least $35 million of their funds. Slatkin--a Santa Barbara socialite and venture capitalist--also is under investigation by the Securities and Exchange Commission for his financial activities, which allegedly included a day-trading operation that promised annual returns of up to 60%.
BUSINESS
April 26, 2001 | EDMUND SANDERS, TIMES STAFF WRITER
Former regional Baby Bell phone companies got a cool reception Wednesday as they renewed their assault on a 1996 law they say makes it harder to compete with cable operators in offering high-speed Internet service. The telephone giants, such as SBC Communications Inc. and Verizon Communications Inc.
BUSINESS
April 23, 2001 | JOSEPH MENN, TIMES STAFF WRITER
Web site producer David Pruitt's ride on the technology boom's hot-air balloon is losing altitude quickly. Laid off in early February from his $80,000 job at America Online in Mountain View, Pruitt figures he can afford just three more weeks of looking for work in Silicon Valley. "I didn't think it would turn out this bad," said Pruitt, 26. "I'm going to have to move back to Oklahoma."
NEWS
April 18, 2001 | KAREN KAPLAN, TIMES STAFF WRITER
Struggling to plot a new course after a year of dot-com disasters, Internet bellwether Yahoo Inc. reached deep into traditional Hollywood on Tuesday and plucked the ultimate industry insider to lead the company in its quest to become a media giant. Terry Semel, who led the mammoth Warner Bros. studio for two decades with partner Robert Daly, will become chairman and chief executive of Yahoo on May 1.
BUSINESS
April 2, 2001 | RONALD D. WHITE, TIMES STAFF WRITER
There will be a sharp drop in openings for information technology workers and in the number of IT positions that go unfilled because qualified candidates are unavailable, an industry trade group says. But a report to be released today by the Information Technology Assn. of America also says that IT hiring remains robust and that there will still be a shortage of qualified IT personnel in the months ahead. There are reportedly more than 10 million IT workers in the U.S.
BUSINESS
March 19, 2001 | From Associated Press
Web search engine AltaVista will add an online newsstand to its main index today to make its results more topical and useful to surfers looking for up-to-the-minute information. With the new service, Palo Alto-based AltaVista will automatically produce the top stories related to search requests. Clicking on a news center at the top search page will provide an index of the latest online stories about the requested topic.
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