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January 22, 2002 Tech Center IBM, VeriSign Reach Marketing Pact; VeriSign Will Cut 3% of Employees A WALL STREET JOURNAL ONLINE News Roundup International Business Machines Corp., based in Armonk, N.Y., said it reached a technology and services pact with VeriSign Inc. to jointly sell services for identifying remote computer users. As part of the pact, VeriSign will buy IBM server and software infrastructure to run its future digital security services. VeriSign said it has been primarily a Sun Microsystems Inc. customer. Terms weren't disclosed. VeriSign, Mountain View, Calif., runs digital-authentication services that certify that users are who they claim to be. The company said it will use software from IBM's Tivoli unit to develop "entitlement services" that specify what privileges each user has within a computer system. The two companies will also develop and market services to enable reliable Web services in which computers use the XML language to order or pay for goods without human approval. Last week, IBM reported its fourth-quarter net income fell 13% amid a surprisingly large revenue decline of 11% due to an unexpected slowdown at its huge services operation. The earnings were a penny a share above analysts' forecasts. Separately, VeriSign said it has cut 100 jobs, or 3% of its total work force of 3,000. A company spokeswoman said the cuts, which occurred about two weeks ago, were concentrated in the company's mass-market division that sells security, e-commerce and Web address products to small businesses and individuals. The spokeswoman said VeriSign continues to hire in other divisions. VeriSign has been on a spending spree in recent months, with purchases including Internet-domain registration specialist 1GlobalPlace Inc., cystomer-service product provider H.O. Systems Inc. and .tv Corp., the exclusive global registry for Web addresses ending in .tv. ------------------------------------------------------------------------ URL for this Article: http://interactive.wsj.com/archive/retrieve.cgi?id=SB101165511770615680.djm ------------------------------------------------------------------------ Copyright � 2002 Dow Jones & Company, Inc. All Rights Reserved. Printing, distribution, and use of this material is governed by your Subscription Agreement and copyright laws. For information about subscribing, go to http://wsj.com Close Window -- ----------------- R. A. Hettinga <mailto: [EMAIL PROTECTED]> The Internet Bearer Underwriting Corporation <http://www.ibuc.com/> 44 Farquhar Street, Boston, MA 02131 USA "... however it may deserve respect for its usefulness and antiquity, [predicting the end of the world] has not been found agreeable to experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire' --------------------------------------------------------------------- The Cryptography Mailing List Unsubscribe by sending "unsubscribe cryptography" to [EMAIL PROTECTED]
