TechnologyAccounting SoftwareIT: News in brief

IT: News in brief

US security experts are divided on whether their networks will suffer from a major cyber terror strike. According to a survey conducted by US-based Chief Security Officer Magazine nearly half of corporate security officers in the US and Canada expect terrorists to launch a major strike through computer networks in the next year.

The poll was carried out between July and August. Some of the respondents had links to intelligence and law enforcement. Those that replied to the CSO survey were divided almost 50/50 on whether the US government and businesses were prepared to respond to cyber attacks.

Sun Microsystems has lowered its forecast for revenues and warned technology spending continues to weaken in some areas. Chief financial officer Steve McGowan told analysts that the company had not seen any improvement in the IT spending environment.

According to Reuters, McGowan said he saw revenues for the first-quarter of the 2003 financial year at about the same level as in the first quarter of 2002, when revenues were $2.86bn. This is at the bottom end of the range he gave in July.

McGowan said the drop in revenue from the fourth quarter would not be significant enough to hit margins, that component pricing was favourable and that discounts made in the fourth quarter of the 2002 financial year would not hit first-quarter results.

Internet companies CMGI, DoubleClick, E*Trade, Yahoo, RealNetworks and WebMD are among the companies that have no women on their boards. And women account for only one in 20 board members of leading internet companies, according to research.

AMC Entertainment, Ameritrade, Clear Channel, CNET Networks, Freemarkets and Knight Trading Group also lack women board members. The exception is eBay, which has a female president and CE, Margaret Whitman. Whitman was the only female CEO among the 757 executives in the study, which was conducted by the University of Pennsylvania’s Annenberg Public Policy Center.

Only 16% of the executives in the largest internet companies were women and Alltel, Fox Entertainment Group, Knight Trading Group, USA Networks and WorldCom have no female executives.

Related Articles

5 key tech innovations helping accountants transform their businesses

Accounting Software 5 key tech innovations helping accountants transform their businesses

3w Heather Darnell, Founder of Ask the BOSS
Finance and the tech foundation: what’s needed to deliver impactful business insights?

Accounting Software Finance and the tech foundation: what’s needed to deliver impactful business insights?

3m Workday | Sponsored
Best accounting software for businesses in the UK

Accounting Software Best accounting software for businesses in the UK

4m Accountancy Age, Reporters
Making sense of enterprise tech concepts for finance teams

Accounting Software Making sense of enterprise tech concepts for finance teams

4m Workday | Sponsored
Open Banking: what you need to know

Accounting Software Open Banking: what you need to know

4m Edward Berks, Xero
Accountancy in the digital age: Flexibility, agility, efficiency

Accounting Software Accountancy in the digital age: Flexibility, agility, efficiency

6m Pegasus Software | Sponsored
Sage purchases Intacct in its largest ever acquisition

Accounting Software Sage purchases Intacct in its largest ever acquisition

10m Alia Shoaib, Reporter
5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

10m Alia Shoaib, Reporter