Online bank targets tech workers

Article Abstract:

VirtualBank is planning to unveil an online banking service that will cater specifically to individuals involved in high technology industries. The company, which intends to enter into partnerships with high-tech firms, will offer a co-branded type of online banking service. VirtualBank hopes to help high tech firms in their efforts to keep talented workers while maintaining access to a customer base that is more likely to use online banking.

author: Solomon, Deborah
Commercial Banking, Services introduction, Commercial Banks, VirtualBank

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3Com drops modem line to focus on Internet

Article Abstract:

3Com Corp announced in Mar 20, 2000 that it will initiate several measures in hopes of boosting its profits. These include selling its analog modem business and abandoning its high-end networking products for Fortune 100 companies. The company also plans to acquire Call Technologies, invest $20 million in CAIS Internet Inc, partner with Cooper Mountain and invest in Atrica, a start-up company selling optical networking products.

author: Solomon, Deborah
Communications Equipment Manufacturing, Communications Equipment, 3Com Corp.

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Hurry up and wait: Net access is sluggish

Article Abstract:

Customers are finding slow Internet connections via cable and telephone lines. This is because growing outages, glitches and sluggish connections characterize the service offered by Internet providers. For instance, days-long outages and slow connections were experienced by customers of ExciteAtHome from Seattle, WA, to Hartford, CT. However, such problems do not discourage people from signing up.

author: Solomon, Deborah
Internet service providers

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