NEW YORK -- Major makers of personal computers are uniting with computer chip giant Intel Corp. as they seek to crack the market for business machines that manage heavy-duty computing tasks, such as processing millions of transactions.
Compaq Computer Corp. unveiled a new type of powerful computer Tuesday that uses less-expensive Intel chips and runs on Microsoft Windows operating software. Other makers, such as Dell Computer Corp., Hewlett-Packard Co. and IBM, are expected to follow with similar products.
The new computers take aim in large part at Sun Microsystems Inc., which specializes in selling high-end RISC, or reduced instruction set Unix computers.
Dell profits up in second quarter
AUSTIN, Texas -- Dell Computer Corp. posted a 47 percent increase in second-quarter profits Tuesday, beating Wall Street expectations with strong sales of computers to small businesses, home users and over the Internet.
Dell, the largest seller of computers directly to customers, said it earned $507 million, or 19 cents per share, in the quarter that ended July 30. That was up from a profit of $346 million, or 12 cents a share, in the same period last year. Revenues rose 42 percent to $6.14 billion from $4.33 billion.
Groups want cable merger blocked
WASHINGTON -- Consumer groups are asking federal regulators to block AT&T's bid to buy MediaOne, saying the cable merger would give the company too much control in the markets for cable television and high-speed cable Internet services.
Consumers Union, Consumer Federation of America and Media Access Project joined Tuesday in opposing the deal on grounds that it violates existing antitrust laws and federal rules that restrict the number of cable customers a single company can control. They fear AT&T would be able to increase cable rates.