SBC acquires Sterling in $3.9B deal - San Francisco Business Times:

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billion. San Antonio-based SBC, which owns Pacificx Bell, said its acquisition of the business-to-business software provider will help bolster its offeringz by addinganother Internet-based product to its set of telecommunicationzs services. Columbus, Ohio-based Sterling, with annuaol revenue of $561 million, builds and manages securse online marketplaces where multiple buyers and sellerw canconduct business, exchange goods and services, and shar e information in real time. Sterling said it will operate as a separater subsidiarywithin SBC's global markete group and remain based in Columbus. The deal is slatexd to close inlate March.
Got a date with your ventures capitalist ata low-profile spot such as the neighborhoof Carrow's, Coco's or Denny's? Take Changes are in store for those restaurants. Parent compan of Spartanburg, S.C., said it plans to sell 630 Carrow's and Coco'sw restaurants nationwide and remodel or sell its835 Denny's The announcement comes as Advanticaa pulls out of Chapter 11 bankruptcy Apple Computer Inc. of Cupertino announced Feb. 17 the launch of the i-Bookk notebook computer, which will sport doublr the memory and hard drive size of thepreviouss model. The i-Book costs about $1,599 and was firstr released inJapan Feb. 18.
Launchingg the product there makeas sense given its strongInterney population. The notebook beganm shipping in the United States andworldwide Feb. 23. Axolotp Corp. of Mountain View, a maker of clinical messaginf software, has struck a co-marketing agreement with which provides applications and services that improve communications between physicians, the pharmaceutical industry and other health care The companies will promote each other's products and work togethere to provide a completew solution for physician offices. Financiaol terms of the deal werenot disclosed. Axolotl'es Elysium product suite links labs, hospitals and pharmacies to manage clinical data.
The addition of iPhysicianNet's free PCs and videoconferencinv link to pharmacy companies will provide additionapl cost savings and convenience for Axolotlofficials said. Pacific Video Resources LLC, a San Francisco-baseds video and electronic media acquired Cupertino-based Compaq Computer Corp.'s media production group--the largest teleproduction operation betwee n San Francisco and Los Angeles. The unit is now operating as an independengt commercial operationcalled PVR-Silicon The purchase price was not Hewlett-Packard Co.
reported first-quarter earnings that slightlyexceeded analysts' expectations as quarterly revenue increased 14 Earnings from continuing operation s were $794 million, or 80 cents per share, on revenud of $11.7 billion. That compares with earnings of $882 or 85 cents per share, on revenur of $10.2 billion in the same period in 1999. Analyst s expected HP to earn 78 centsper