Technology Briefs / WSJ

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4690 Postings, 7743 Tage proxicomiTechnology Briefs / WSJ

April 30, 2001

              Technology Briefs

              Interfase Provides Financing to Stan Lee

              Interfase Capital LP, an Austin-based
              venture-capital firm, said it will provide
              debtor-in-possession financing to Stan Lee Media
              Inc. for operations during reorganization. Stan Lee
              Media filed for Chapter 11 bankruptcy protection
              in February. Interfase said it plans to form a
              limited partnership that will acquire a substantial
              equity position in the reorganized company and
              facilitate long-term relationships between Stan
              Lee Media and other Interfase Capital portfolio

              Quokka Sports Seeks Bankruptcy Protection

              Quokka Sports Inc., saying it has filed for
              bankruptcy protection, is the latest casualty of a
              slumping advertising market among sports-related
              Web sites. Alan Ramadan, Quokka's chairman, said
              attorneys filed documents with U.S. bankruptcy
              court late Friday. Mr. Ramadan did not provide
              information about the San Francisco company's
              plans, but people close to the company recently
              said the company would shut down. On Thursday,
              the Nasdaq Stock Market halted trading in Quokka
              shares, then valued at 23 cents each. Other
              Quokka representatives couldn't be reached for
              comment. Quokka had forged a pact with General
              Electric Co.'s NBC-television unit and received
              capital from Santa Clara, Calif., chip maker Intel
              Corp. But as advertising fell, Quokka and other
              sports sites cut back. Closely held Broadband
              Sports Inc., Santa Monica, Calif., announced plans
              to shut down; Inc., Fort
              Lauderdale, Fla., said it would lay off employees.

              SK Telecom Plans Share Buyback

              South Korea's SK Telecom Co. will buy back about
              788.1 billion won ($593.6 million) worth of its
              shares on the stock market between May 2 and
              June 28, SK Telecom spokesman Hur Jai-yung
              said Monday. SK Telecom, one of South Korea
              largest wireless carriers, told the Korea Stock
              Exchange Friday the company will buy back 3% of
              its shares on the market to boost its stock price.

              Yahoo! to Begin Move Into Its New

              Yahoo! Inc. will begin moving into its new
              headquarters this weekend, a move that will
              reduce costs and consolidate the company's work
              force. The Internet company, which provides
              content and services over the Web such as
              financial news and shopping, will transfer its
              employees and their equipment such as personal
              computers to its new Sunnyvale, Calif.,
              headquarters over the next two months, a
              spokeswoman said. The company, which had been
              leasing office space in Santa Clara, Calif., will
              move into its three new office buildings at 701
              First Avenue in Sunnyvale, Calif., near the
              intersection of Highways 101 and 237.

              AT&T Wireless Names McCabe CFO

              AT&T Wireless Group, Redmond, Wash., said
              Friday it named Joseph McCabe Jr. chief financial
              officer. Mr. McCabe has held the title of interim
              CFO since the mobile phone-service provider held
              its initial public offering last year. Mr. McCabe, who
              will also hold the title of executive vice president,
              previously was the chief financial officer of AT&T
              Wireless's mobility business.


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