Consumers in Seattle will be the first in the United States to have access to next-generation wireless services that enable them to take calls or read e-mail without turning off their Internet connection, Cingular announced Monday. Cingular’s Wireless Internet Express includes a new data transmission technology, known as general packet radio service or GPRS, that lets consumers receive information at about four times faster than the current rate. Because the Internet connection is “always on,” the company will charge customers for the data they send and receive, and not for the time they spend connected.
Handheld computer maker Palm Inc. said Monday it named David Nagel, the chief technology officer of AT&T Corp. and president of AT&T Labs, as chief executive of its new Palm operating system subsidiary. Nagel, already a board member of Palm, heads a company committee formed to oversee the establishment of the subsidiary.
Microsoft Corp. made the latest version of its dominant Internet Explorer browser available for free download Monday, providing users with a sneak peek of what’s to come in Windows XP. The free version of Internet Explorer 6.0 is virtually the same browser users will find in Windows XP, the forthcoming version of the company’s desktop operating system, spokesman Jim Cullinan said. The company is touting such user-friendly features as the ability to easily download and print pictures off Web pages and play music and videos. The browser also will have added security.
Several local financial experts will discuss the state of the stock market on “Getting Your Dough to Rise,” the monthly personal finance show that airs at 4:30 p.m. today on KSER 90.7 FM, Snohomish County’s public radio station. Guests include: Brad Lawson, a senior research analyst at the Frank Russell Co. in Tacoma; Michael Murphy, editor of the California Technology Stock Letter; and Bob Toomey, managing director at Dain Rauscher of Seattle.
The Treasury Department sold three-month bills at a discount rate of 3.35 percent, up from 3.33 percent last week. Six-month bills traded at a rate of 3.29 percent, unchanged from last week. The new discount rates understate the actual return – 3.426 percent for three-month bills with a $10,000 bill selling for $9,915.30 and 3.392 percent for a six-month bill selling for $9,833.70. The Federal Reserve said Monday that the average yield for one-year constant maturity Treasury bills, the most popular index for changing adjustable rate mortgages, edged up to 3.45 percent last week from 3.44 percent the previous week.
From Herald news services
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