Thursday, February 13, 2003

Business digest

Intel to unveil Net chip for cell phones

SAN JOSE, Calif. - Intel Corp. plans to introduce a microchip today that supercharges the power of cell phones to access the Internet, display digital photos, play music and perform other complicated tasks.

The Santa Clara, Calif.-based chip giant bills the PXA800F processor, which could appear in consumers' cell phones starting in the third quarter, as the company's first "highly integrated" cellular chip.

Intel previously bundled as many as five chips to perform the same array of functions, requiring more battery power and manufacturing headaches than if cell phone makers could install a single piece of silicon.

Democrats praise Greenspan stance

WASHINGTON - Democrats praised Federal Reserve Chairman Alan Greenspan on Wednesday for criticizing President Bush's new round of $1.3 trillion in tax cuts as too expensive in light of soaring budget deficits. The White House, meanwhile, was pushing ahead with efforts to build support in Congress.

"The chairman has long believed, as have most economists, that while deficits are not instant death, they are over the long term a negative for the economy," said Rep. Barney Frank, D-Mass. "I very much appreciate the chairman's consistency in reaffirming that in the face of very strong political praying that he would go the other way."

17 are charged with hacking satellite TV

LOS ANGELES - A federal grand jury has indicted 17 people who authorities say hacked into satellite television transmissions, causing millions of dollars in losses to DirecTV and Dish Network, the U.S. Attorney's office said.

Six of the defendants were charged with violating the anti-encryption provisions of the Digital Millennium Copyright Act. The other charges involved conspiracy or manufacturing a device for the purpose of stealing satellite signals. All three counts carry a maximum prison sentence of five years.

The indictments were returned last month and unsealed Tuesday.

Get ready for gas prices to jump more
Delta asking pilots to redo union contract
Web sites target boomers, and their money
Retirees losing health benefits
Omnicare profits boom for 4th quarter and 2002
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