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 Page Update * Stock Market Earnings $/Share Revenue $ Billions Source FirstCall TopLine HeadLines Friday October 29 6:52 PM ET Trend Micro To Launch Defense For Y2K Attacks SAN FRANCISCO (Reuters) - Trend Micro Inc (Nasdaq:TMIC - news). will launch a new product next week to provide Y2K protection against a possible outbreak of computer intruders that could hit at the end of this year, officials said. While many companies have prepared for the possible failure of computers to read the ``00'' of the new year, the so-called ''Y2K Bug,'' Trend Micro said many users are not protected against attacks from malicious code writers trying to damage computer systems over the same time period. ``We expect hoaxes and misinformation to be coming around the new year, causing lots of problems,'' said Dan Schrader, vice president of new technology for Trend. ``We're already seeing signs of this happening.'' He cited industry studies showing that viruses and other computer intrusions have cost companies $7.6 billion in the first half of this year and, ``we're expecting a further run-up at Y2K.'' Malicious virus writers tend to exploit computer systems at vulnerable periods like the Y2K changeover. The company launched its new product, called Interscan 2000, to, ``defend against viruses, malicious codes, hoaxes and other Y2K content security threats during the Millennium crunch.'' The new product is aimed at large users like corporations and government agencies and sells in a package for $1,085 for up to 25 users, including a complete anti-virus scanning package and coverage from the company's 24 hour customer help service. It will be available from Monday. |
| Business Headlines |
Wednesday December 8 1:08 AM ET Yahoo Surges Ahead of Joining S&P 500 PALO ALTO, Calif. (Reuters) - Yahoo! Inc. (NasdaqNM:YHOO - news) shares surged 24 percent on Tuesday as investors scooped up the stock, one day before the No. 1 Internet portal becomes a part of the Standard & Poor's 500 Index. The stock rose 67-3/16 to 348 in trading of about 60 million shares, making it the most heavily traded stock on the Nasdaq. It has more than doubled this year and tacked on more than 80 points since its inclusion in the S&P 500 was announced a week ago. Stocks often rise when they join the S&P because index-based mutual funds, which seek to mimic the performance of the widely followed S&P 500, must buy the stock to match the returns of that index. Yahoo joins American Online Inc. (NYSE:AOL - news), the only other Internet company to be added to the S&P 500. Founded by two Stanford University computer science graduate students, Yahoo is among the first and longest-lasting success stories among Internet companies. While its profits are slim, it does at last earn money, unlike most of its 'Net brethren. The Internet media giant said on Oct. 6 that operating income grew more than five-fold while sales more than doubled. The company said its pro forma third-quarter operating income was $40.4 million, or 14 cents a share, up from $6.9 million, or 2 cents, a year ago. Most analysts had predicted a pro forma operating profit of 9 cents. Santa Clara, Calif.-based Yahoo ended the day with a stock market value of $103.1 billion. It first sold shares to the public in 1996. Even so, implied volatility in options on shares of Yahoo was inflated Tuesday as investors braced for a possible retreat in the stock following its addition to the Standard & Poor's 500 index after the market closes. Investors fear the stock price could fall back once demand from index fund managers dries up after Yahoo! joins the index, said Paul Foster, investment strategist at 1010WallStreet.com. ``The company doesn't have any new products. The company doesn't have any new strategies. The appreciation in Yahoo over the past few days is strictly on index managers having to insert Yahoo into their portfolios,'' said Foster. |
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