Web Companies Warming to Health Care
The News Review:
- Web Companies Warming to Health Care
- OSC drops case against Atlas Cold Storage CEO
- US Stocks Fall; Alcoa, Qualcomm Decline After China’s Plunge
Web Companies Warming to Health Care
thestreet.com – Feb 27, 2007
“Combined with powerful and mobile hardware, and increasingly available broadband connectivity,” he added, newer technologies can help “bridge the gap between systems so patients and caregivers can access the information they need securely no matter where it is stored. It’s still unclear which of the new applications will work and which won’t. But what is clear is that the new generation of Internet companies dealing with health care is moving toward a simple interface that allows patients to have more visibility on their options and their medical records. There will be the usual speed bumps: the hoary old companies threatened with change — in this case insurance companies and HMOs — will try to strike back. And because health records are the most personal of personal data, privacy safeguards will need to be employed early on. Still, the trend is encouraging not only for patients, but for investors: For a start-up that, like Google and Amazon, organizes a chaotic sea of options, data or pricing into an elegant, simple interface, that would mean a billion-dollar champion is in the making. Whether that champion is ultimately Revolution, WebMD or a profitable new arm of Microsoft’s operations, the opportunity is now there for the winner to take it all.
OSC drops case against Atlas Cold Storage CEO
Globe and Mail – Feb 27, 2007
The OSC had accused former Atlas CEO Patrick Gouveia and three other company executives of manipulating the company’s financial statements for three years from 2001 until the second quarter of 2003. Gouveia was accused of ordering the company’s accounting staff to massage its financial statements to make Atlas appear more profitable. A trial to hear the charges against Mr. Gouveia began in November, but the OSC said in a statement last night that it decided to drop the charges after it reviewed documents from an unidentified “key witness” that were only turned over on Feb.
US Stocks Fall; Alcoa, Qualcomm Decline After China’s Plunge
Bloomberg – Feb 27, 2007
Chief Executive Officer PaulJacobs last year said the company expects a “huge market'' foradvanced devices in China. International Business Machines Corp. ,which owns about an 11 percent stake in China's Lenovo GroupLtd…
surged 47 cents to$9. The largest maker of switches for data-storage networkssaid fiscal first-quarter profit excluding some items was 17cents a share, topping the 13-cent average analyst estimate in aBloomberg survey. The stock was raised to “buy'' from“neutral'' at Goldman, Sachs & Co. and to “outperform'' from“peer perform'' at Bear, Stearns & Co. Durable Goods Orders The Commerce Department said orders placed with U.
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