Patrick Thibodeau

Former top WorldCom Inc. officials caught up in the still-unfolding accounting scandal refused to testify today before a U.S. House Committee, and in doing so left unanswered questions of why the telecommunications giant misled investors and customers about its financial health.

Software bugs are costing the U.S. economy an estimated US$59.5 billion each year, with more than half of the cost borne by end users and the remainder by developers and vendors, according to a new federal study.

In courtroom arguments punctuated by blunt attacks and harsh criticisms, the two sides in the Microsoft Corp. antitrust case made their closing arguments before a federal judge, who gave little hint of what remedy she has in store for the software giant.

In courtroom arguments punctuated by blunt attacks and harsh criticisms, the two sides in the Microsoft Corp. antitrust case made their closing arguments before a federal judge, who gave little hint of what remedy she has in store for the software giant.

A Bush administration official said today that reform efforts by the organization charged with managing the Web's Domain Name System, the Internet Corporation for Assigned Name and Numbers (ICANN), has shown "great promise," but she warned that the private group's future is far from assured.

Efforts by financial services firms to get European authorities to recognize U.S. financial privacy rules as being on par with Europe

Continued economic uncertainty is bringing IT managers some welcome benefits, including lower prices from technology vendors and more success in filling critical positions on their staffs.

These are tough times for technology vendors in general, but particularly for startups seeking a foothold in corporate environments. Some IT managers who were already wary of such companies said at Gartner Inc.'s Symposium/ITxpo 2002 conference here that they're being even more cautious now.