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As the threat to far north Queensland posed by Tropical Cyclone Yasi eases, telecommunications companies have begun accounting for the damage to their network infrastructure.
Domain name and hosting specialist Melbourne IT today unveiled plans to embark on a year-long major technology refresh project, targeting everything from its accounting, billing and provisioning systems to its storage network and data centre.
The Department of Defence announced that upgrades to its financial management system are underway with the Resource and Output Management and Accounting Network going live on Wednesday.
Due to accounting errors, Network Associates is restating portions of its financial results from 1998 through 2000. The computer security provider is already the focus of an SEC probe.
Qwest Communications International said Thursday that it has signed a multiyear agreement to provide eBay with Web hosting services. The deal is part of eBay's "continuing strategy to diversify its Web hosting functions," Qwest said in a statement Thursday. In late March, eBay signed an agreement with Intel for similar services and has listed Exodus and Sprint as other hosting providers. eBay will use a Qwest CyberCenter in Sunnyvale, Calif., to provide the hosting for the auction site's network of some 46 million registered members. Diversification is critical considering the plight of other telecom companies like WorldCom, which is having a difficult time keeping the faith of analysts and investors after the departure of Chief Executive Bernard Ebbers. Qwest has been under investigation by the Securities and Exchange Commission for its accounting practices. --Tiffany Kary, Special to ZDNet News
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Network Associates is being investigated by the Securities and Exchange Commission, the company said Tuesday. The SEC is looking at the security software company's accounting for 2000, the company said, adding that it believes the investigation relates to issues that predate the current management team's arrival in 2001. Network Associates said it has reviewed its books for 2000 with its outside auditors and "continues to believe that the accounting was proper." The company did not specify what specifically was being investigated. CEO George Samenuk took over at Network Associates in January 2001, replacing William Larsen. --Margaret Kane, Special to ZDNet News
Troubled security vendor Network Associates (NAI) has agreed to a settlement over its protracted lawsuit with its shareholders over accounting irregularities.
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The accounting change should give investors--and competitors--a much clearer picture of Intel's success in network and communications technologies. the business.
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