Last updated:Wednesday, March 26, 1997, 8:30 a.m.
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Cisco buys Telesend, maker of technology that allows phone companies to sell high-speed Net access. It's a stock swap deal.

It's a world of hurt for Compuserve, which is now being sued by a pension fund for misrepresenting itself and the market for its now-defunct Wow! online service.

He talking to you: Reed Hundt, chairman of the Federal Communications Commission, wants the computer industry to use its clout to get Net access into schools.

Laptops for everybody: If you're in the seventh grade in Kent, Conn., you're finding out what support for schools really means, as the town has purhased $1,855 laptops for all 36 students.

Graduates might want to to west to join the LAPD of the future, where cops are expected to have laptops (mounted next to those high-powered guns, no doubt).

Net worth: Pacific Bell, the telephone company for one of the most-wired regions of the world, claims that Internet traffic from residential phone lines will cost it a half-billion dollars over the next decade. Skeptics say Pac Bell is just trying to make consumers pay again for the firm's failure to upgrade its own networks. A fuller version is available at the New York Times site, but you know the drill: if you're in the U.S., you have to register (it's free). If you're out of the U.S., you've got to register and pay.

How to take over the world, version 4.0: A Microsoft store is the latest idea.

Intellectual property as capital is catching on, as investment bankers eye high-tech ideas as a source of financing.

A Technicolor factory is gearing up to produce DVDs, more than five million a year. The plant already makes CD-ROMs and videocassettes.

Motorola is expected to announce today that it has won a contract to set up a digital cellular network in Japan which is potentially worth billions.

Hewlett-Packard is getting into the web world with its OpenView management software. New tools will bring those UNIX-based network administrators into the brave new world.

You will be carded: Netscape plans to boost security on its server software with hardware that allows administrators to check the identity of users.

Now it's getting serious: The Year 2000 problem isn't going to be a headache just for sys ads. It's likely to come down to re-programming your VCR, microwave ovens, fax machines, lawn sprinklers, and elevators.

The next Windows 95 upgrade is likely to cost $90, the same price as the original application, the Seattle Times reports. One thing's for sure: Freebies are out.

The job market in technology fields is (choose one) a. terrific for jobseekers, b. horrible for employers. For example, medium and large companies in the U.S. have 191,000 IT openings, according to the latest report we've seen. Promo warning: There's a job fair going on in Silicon Valley today and tomorrow, sponsored by Mercury Center's TalentScout.

Is anyone surprised that two-thirds of the ISPs in the U.S. pull in less than $1 million annual revenue? It's all related to the pricing juggle that ISPs and online services are doing.

Software sellers on the web might do well to resist those buyout offers. It's the smaller firms that do some of the best business.

Internet advertising spending reached $267 million in 1996.

Oops: Deadline's here. See you tomorrow.