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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| March 01, 2002 | COPYRIGHT 2002 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TECHNOLOGY

CIOs see slow IT spending growth

Firms' IT budgets will rise just 3.2% over the next 12 months, chief information officers said in the Feb. CIO Magazine Tech Poll. That's down from 3.8% in Jan. and 11% in Feb. '01. Weak profits continue to hurt tech capital spending. CIOs see a pickup in the 2nd half, later than they expected at the end of '01. Spending on security, storage and computer hardware remain solid.

Microsoft, U.S. refine settlement

Microsoft and the Justice Dept. will broaden some technical definitions and redefine terms in their antitrust settlement to address claims that it has loopholes. The software titan struck the deal in Nov. to end the nearly 4-year-old case by, among other things, giving PC makers more freedom to feature rival software on their computers.

Microsoft Chairman Bill Gates filed to sell another 1 mil shares, the fifth straight day he filed to sell 1 mil shares. He owned 650 mil shares at the start of Feb.

Genesis Micro dives on outlook

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