Warren Buffett's Berkshire Hathaway will acquire $100 million of the 10-year convertible notes. Longleaf Partners Funds is acquiring $300 million of the notes. Legg Mason is buying the remaining $100 million. The notes pay 9 percent cash interest and can be converted into common stock for a $3.41 per-share fee. The investment is unusual for Buffett, the Berkshire Hathaway chairman who has long eschewed investments in technology stocks. Be respectful, keep it civil and stay on topic. We delete comments that violate our policy, which we encourage you to read. Discussion threads can be closed at any time at our discretion.
CNET también está disponible en español, Don't show this again, Meanwhile, WorldCom said it has received notice that it defaulted with some of its creditors, Lenders for its $2.65 billion and $1.6 billion senior unsecured credit facilities may begin asking for immediate payment, the love mei powerful iphone 7 plus protective case - black company said, When trading of the stock resumed this week, WorldCom shares fell 92.4 percent, or 77 cents, In the chipsIntel's upcoming Itanium 2 processor will come out at 900MHz and 1GHz and cost about the same as existing Itanium chips, In all, Intel will release three versions of the 64-bit chip for high-end servers next week: a 1GHz version containing 3MB of level-three cache memory, a 1GHz version containing 1.5MB of cache, and a 900MHz version containing 1.5MB of cache..
Prices will range from about $1,300 for the 900MHz version to $4,200 for the 1GHz version with the 3MB cache. Current Itanium processors sell for between $1,177 and $4,227. Intel was dealt a setback when Dell Computer, the largest PC maker in the world, said that it had no definite plans for Itanium 2 servers and would not be on hand when Intel unveils the chip next week. "At this point, we are in a bit of a wait-and-see mode with Itanium 2," a Dell representative said. Dell's reluctance comes down to demand. The company is still in the process of gauging how popular the chip will be with customers. Unlike other Intel chips, the Itanium family requires completely new software, and the software is just now being developed.
Apple also began shipping its Xserve rack-mounted server, which runs Unix-based Mac OS X, Apple says that it has received a healthy crop of early Xserve orders--more than 4,000, Each unit can support up to four 120GB hard drives; the PowerPC processors come with 2MB of level-three cache memory for throughput of up to 4GB per second; memory is expandable to 2GB; and the software package includes the Apache Web Server and QuickTime Streaming Server, Apple is singing a new love mei powerful iphone 7 plus protective case - black tune with the acquisition of Emagic, which makes production software for professional musicians, Emagic's most popular product, an application called Logic, is used by more than 200,000 musicians worldwide..
Apple has significantly beefed up its stable of software for creating multimedia and movie special effects for its Macintosh technology. Last month, the company acquired video graphics software from Prismo Graphics. Earlier in June, it bought digital effects software from Silicon Grail. Also of noteIn a move that could bring Microsoft and the Justice Department closer to an approved settlement deal, a federal judge said that both parties had complied with laws governing antitrust settlements..Gateway refreshed its line of business desktops, adopting a new platinum design scheme introduced in April..Sun Microsystems is preparing a new release of its Java software for cell phones that it hopes will prevent a splintering of the Java market and stave off rivals such as Microsoft..Listen.com announced that it has won rights to distribute music owned by Vivendi Universal's Universal Music Group, the last big label to sign on to its Rhapsody service..Approximately 1 billion PCs have been shipped worldwide since the mid-1970s..A software development project aimed at getting the Linux operating system to run on Microsoft's Xbox is offering a larger incentive for would-be developers--to the tune of $200,000.