Palmisano takes over from Gerstner as IBM chief
Outbound IBM chief executive Louis Gerstner, the outsider who shook up the staid company and helped guide it into the Internet age, has turned over the reins to replacement Samuel Palmisano, a consummate insider.

Enterprise integration still a challenge for vendors: IDC
The enterprise integration software (EIS) market grew 88.4 percent from 1999 to 2000, confirming the importance of integration solutions for enterprises.

Sun and allies hawk Java for servers
Sun Microsystems touted the server-based version of its Java software at a press conference last week, just two weeks before Microsoft is set to release rival technology.

Gateway lowers prices on notebooks, servers
Personal computer maker Gateway lowered prices on notebook computers and small server computers as part of a move to focus less on profits and more on market share.

Palm targets corporates with new wireless device
Palm introduced a pocket computer organiser that can surf the Web, grab e-mail and communicate without wires, hoping corporate executives will see the device as a must-have business tool and order lots of them.

HP’s Fiorina gets $13.5 million in stock options
Hewlett-Packard chief executive Carly Fiorina was awarded $13.5 million worth of stock options in 2001 and $1 million in salary, the computer and printer company said.

Oracle cuts price on business-management software
Oracle outlined a plan to slash the price of its business-management software by up to 75 percent as it battles a tough competitive environment.

Korea’s Hynix signals rising chip demand
South Korea’s Hynix Semiconductor said it may limit supplies of memory chips to the open market, citing a rise in demand from contract customers that analysts said could slow its asset sales plans.

Network gear makers hope for revenue boost
Network equipment makers, still staggering after a sharp drop in technology spending by major clients last year, say orders are beginning to trickle in and hope their fortunes will brighten later this year.

AOL Time Warner posts wider net loss
AOL Time Warner, the world’s largest media company, reported a wider net loss for the fourth-quarter because of write-downs to its investment portfolio.