News Schmooze: WorldCom or WorldCon?

Daily Newsletters

Sign up to ZDNet UK's daily newsletter.

NEWS
Now, no one could have seen this coming -- a major technology company, driven by its stock price growth in the dot-com era, revealing an "aggressive accounting" scandal of nearly $4bn (roughly £3bn). It's WorldCom this time, but the indications are that, with Enron-style accounting practices rife in corporate America, the company won't be the last. More jobs will go in the short term, but in the bigger picture, the business community will have to figure out whether the dazzling success of the late 1990s wasn't just a house of cards.
WorldCom shaken by missing $4bn
In other cheerful telecoms news, the KPNQwest saga continued this week with AT&T mooting an offer to buy the entire network -- which carries a quarter of Europe's IP traffic -- and then pulling out at the last minute. With KPNQwest backer Qwest Communications under financial investigation, perhaps AT&T thought KPNQwest looked like a poisoned chalice.
KPNQwest set for break-up as AT&T pulls out You've heard of the refrigerator mountain, now here's the iMac mountain. Reports are that the clever machines are being stacked sky-high in retailers and distributors around the US, while the buyers go off in search of a tan. Unlike a laptop, the desk-lamp-like iMac can't be conveniently carried off on holiday... maybe that's why laptop sales are still growing.
Flat-screen iMacs starting to pile up The boom in laptops and other mobile gadgets may not have ended world hunger, but it has had one noticeable effect: most executives now continue working when on holiday. Why not, when all it takes to get connected to the company LAN is a couple of taps on your shiny new handheld computer? Psychologist Alan Cohen is one of the critics of this way of spending one's leisure time, arguing it leads to burnout and general misery. This cheerful chap's new book is called Why Your Life Sucks.
Gadgets keep execs working on holiday Intel and Microsoft had a bit of a public-relations situation on their hands this week with the introduction of new Pocket PCs running on Intel's XScale chip architecture. Intel, a company that has always emphasised the seductiveness of high clock speeds, found itself saying that users shouldn't attach too much importance to the 400MHz speed of its PXA250, which is nearly double the rate of the earlier StrongARM chip, but which delivers practically no speed imporvement. The new frontier, it seems, is power management.
XScale-Pocket PC marriage lacks oomph Lindows.com also seems to be trying to puncture high hopes for its LindowsOS software, before they get out of hand. When it was announced last year, the operating system's claim to fame was that it would run important Windows software, on a cheap Linux operating system. Nowadays, though, it's emphasising how easy it is to download and install LindowsOS applications, with nary a mention of Windows to be seen. It is, we are told, "the first broadband OS", which might turn out to be a problem for the majority of us who are still tethered to the phone line.
LindowsOS licences herald cheaper PCs It looks pretty nifty at first glance -- a crystal-ball shaped display that projects 3D colour images into real space before your eyes. The Perspecta display from a US start-up lets you walk around the image and see every detail up close. But there's something distinctly retro about Perspecta. Maybe it's the Robbie the Robot 1950s design, or the fact that the concept dates from the 1960s, or the presence of a spinning screen in the middle of the sphere. The company's first customer is the US military, but one thinks Dr Evil might also be interested.
Start-up gazes into crystal ball for 3D display Reports of a surge of interest in the controversial artificial insemination Web site for lesbians, Mannotincluded.com, were not altogether a surprise, as they followed a storming publicity campaign by conservative critics earlier this week. The critics' efforts have backfired, however, and the site reported a climactic response as the surfers just kept coming. The proprietors insisted this has never happened before
Man Not Included The News Schmooze is ZDNet UK's irreverent take on the week's news. Send your tip-offs to: mailroomuk@zdnet.com.
Have your say instantly, and see what others have said. Go to the ZDNet news forum. Let the editors know what you think in the Mailroom.

Post your comment

In order to post a comment you need to be registered and logged in.

You can also log in with Facebook. Log in or create your ZDNet UK account below

  • Login

Will not be displayed with your comment

By signing up for this service, you indicate that you agree to our Terms and Conditions and have read and understood our Privacy Policy. Questions about membership? Find the answers in the Community FAQ

Get ZDNet UK's daily newsletter

Enter your email address to sign up

ZDNet UK Live

Freebies202

Duplicate comments are not made intentionally. Its very good to know that now you are keeping check on this problem because sometimes a commenter...

6 hours ago by Freebies202 on Microsoft fixes blog comments, speeds up blogs with open source
kevinmchapman

"the very significant number of users" and "many (most) of us" - you have no evidence for these statements. It is a fact that most users are saying...

14 hours ago by kevinmchapman on A tale of two distros: Ubuntu and Linux Mint
Marg Menzies Harrison

Another grammar faux pas is the improper use of "you". When sitting down down in a restaurant, for example, I get cringe when the waitress...

15 hours ago by Marg Menzies Harrison via Facebook on 10 flagrant grammar mistakes that make you look stupid
zdnetukuser

And NOW, folks, for Canonical's next trick... Kubuntu is late. Here's a pencil. Draw your own conclusions. cf.:...

16 hours ago by zdnetukuser on Linux Minterface
Moley

@kevinmchapman. The discussion here reflects the very significant number of users who really do like the traditional menu system and who wish to...

18 hours ago by Moley on A tale of two distros: Ubuntu and Linux Mint
kevinmchapman

Er, no... It is an efficient means of finding the application/file/setting you need in one place. The icons are a simply a fallback for when you...

19 hours ago by kevinmchapman on A tale of two distros: Ubuntu and Linux Mint
TerryRK

Isn't the provision of a text based search an admission by the developers that the mass of icons approach does not work? I don't need to use a...

21 hours ago by TerryRK on A tale of two distros: Ubuntu and Linux Mint
kevinmchapman

"Unity and GNOME 3 both abandon the old text-based cascading menus in favour of a graphical icon-driven system." Point truly missed. Both use a...

21 hours ago by kevinmchapman on A tale of two distros: Ubuntu and Linux Mint
TerryRK

whs001 - Thank you, I'm glad you liked the article. I absolutely agree with you on your first point. I should perhaps have made it clearer that...

21 hours ago by TerryRK on A tale of two distros: Ubuntu and Linux Mint
Dennis Nilsson

If we allow corporate interest to dictate the way our government circumvents due process against foreign entities then we should accept the same...

22 hours ago by Dennis Nilsson via Facebook on ACTA stumbles in Germany
GHar123

I totally dislike pirating of works, I fear that artists will be deterred from creating works if they think that they are going to get ripped off....

24 hours ago by GHar123 on ACTA stumbles in Germany
JCB33

How dare film makers, artists or anybody that invests in creativity stop us pirating their works for free. I want to be able to walk into my local...

1 day ago by JCB33 on ACTA stumbles in Germany
Moley

@GrueMaster. I prefer horses for courses rather than one size fits all. I, and I suspect most other computer users, do not really wish to have...

1 day ago by Moley on A tale of two distros: Ubuntu and Linux Mint
greycynic

The product that scares me every time I have to use it is the Office 2007 version of Excel. The first bug that I found was applying the median...

1 day ago by greycynic on Ten flawed products that derail productivity
GrueMaster

Nice review and very informative. One thing I'd like to add (in reply to whs001's 1st question), the main reason to have the same interface from...

1 day ago by GrueMaster on A tale of two distros: Ubuntu and Linux Mint
Frederick Wrigley

I'be been using Mint 12 since the RC came out, and I am far more happy with the Cinnamon, the Mate, and, yes (with extensions), theGnome 3...

1 day ago by Frederick Wrigley via Facebook on A tale of two distros: Ubuntu and Linux Mint
bdantas

Excellent article. One small correction, though--although a fresh installation of Linux Mint 12 will, indeed, provide the user with a version of...

1 day ago by bdantas on A tale of two distros: Ubuntu and Linux Mint
Alan Ralph

In related news, the ISPs club together to get the members of the Home Affairs Select Committee (ya goofed on that part, ZDNet UK) copies of "The...

1 day ago by Alan Ralph via Facebook on MPs urge ISPs to take down terrorist material
Alan Ralph

In related news, the ISPs club together to get the members of the Home Affairs Select Committee (ya goofed on that part, ZDNet UK) copies of "The...

1 day ago by Alan Ralph via Facebook on MPs urge ISPs to take down terrorist material
Moley

For Gnome 2 die-hards, it is possible to add icons to the bottom panel (or top top panel, if you prefer) which provide the exact Gnome 2...

2 days ago by Moley on A tale of two distros: Ubuntu and Linux Mint