A gold rush from software reinvigorates Silicon Valley

Article Abstract:

Silicon Valley is enjoying dramatic economic growth as the result of the rise of the Internet and the proliferation of jobs in software development. In 1996, the area gained 50,000 jobs and an increase in average real wages of 5.1%, over five times the national average. The 30 largest computer networking companies doubled the number of their employees from 1991 to 1996. The most significant increases have been in software companies, such as Netscape and Oracle. Experts say that the economic shift to software companies may make the Silicon Valley economy more stable because, unlike hardware companies, they do not depend on capital-spending cycles. Because of the growth in the software business, wages have risen to an average of $43,510 in the area and $78,400 among software companies. The boom has also increased rental costs and decreased available housing.

Management, Forecasts and trends, Market trend/market analysis, Silicon Valley, Corporate growth, Industry growth

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Oracle will ship new data base software

Article Abstract:

Oracle has announced the shipment of a new version of its Oracle 7.0 data base software program as well as the demonstration of its Network Computer (NC), a $500 bare-bones computer for connecting to the Internet. The NC machine will have no disk drive since most of the data and software will be accessed from data bases via a network. The machine has been designed by Oracle, but will be manufactured via license arrangements by other computer makers. Industry analysts suspect that Oracle is introducing its software and hardware due to pressure from Informix, a data base software competitor. Both companies call their newest data base programs universal servers. Oracle claims that its emphasis on the Internet further builds upon previous technological goals, such as the interactive television.

Database Mgmt Software Pkgs (Micro), Microcomputers, Planning, Product development, Product information, Database management systems, DBMS software, Oracle Corp., ORCL, Company product planning, DBMS, RISC based computers, RISC-based system, Oracle7 (DBMS), Oracle Network Computer (Network computer)

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Security flaws in software are reported; Microsoft and Compaq admit vulnerabilities

Article Abstract:

Microsoft and Compaq Computer admit vulnerabilities that would allow hackers to damage the data of millions of computers that run Windows operating systems and Internet Explorer browser. The security flaws are invisible to antivirus problems. Hewlett-Packard would not confirm but is also a company thought to be vulnerable. Microsoft claims that it is creating a fix for the security breaches. The company may again come under fire for tightly integrating its Web browsing software with its computer operating system, thus making it almost impossible to assure that Windows was secure; and, thus giving intruders access.

United States, Product standards, safety, & recalls, Computer software industry, Software industry, Safety and security measures, Product defects and recalls, Compaq Computer Corp., CPQ, Microsoft Corp., Hewlett-Packard Co., HWP, Product bug fix/bug patch/maintenance upgrade

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