BRIEFCASE BOEING CO. INVESTS IN ENCRYPTION FIRM.Byline: - Staff and Wire Services SEAL BEACH Seal Beach, city (1990 pop. 25,098), Orange co., S Calif., on the Pacific coast; inc. 1915. It is a beach city with an active art colony. Transportation equipment and concrete are among the city's manufactures. U.S. naval stations are nearby. - The Boeing Co. and TecSec Inc. announced Monday that they have formed a strategic relationship that includes a $10 million equity investment by Boeing. TecSec provides a patented and standards-based encryption The reversible transformation of data from the original (the plaintext) to a difficult-to-interpret format (the ciphertext) as a mechanism for protecting its confidentiality, integrity and sometimes its authenticity. Encryption uses an encryption algorithm and one or more encryption keys. technology called Constructive Key Management or CKM CKM Cabibbo-Kobayashi-Maskawa (quark mixing matrix) CKM Certified Knowledge Manager (trademark of Hudson Associates Consulting, Inc. . It is designed to secure digital information at the object level - anything from a feature-length digital movie to a specific field on a form. For greater efficiency, it allows the same secure data to be shared among large groups of users, each having different levels of access to the data. Through its investment in the privately held information security software and technology company based in Vienna, Va., Boeing acquires a seat on TecSec's board of directors. Hewlett-Packard layoffs may rise PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif. - Hewlett-Packard Co. officials warned employees that more job cuts are possible beyond those previously announced as a result of a planned $16.8 billion merger with Compaq Computer Corp. In an online employee notice that was filed Monday with the Securities and Exchange Commission, officials said more jobs could be cut before the merger as decisions are made on exiting businesses, consolidations and outsourcing. Hewlett-Packard, based in Palo Alto, and Compaq, based in Houston, previously announced that 15,000 jobs, or about 10 percent of the combined work force, would be cut in the first two years after the merger closes. A Hewlett-Packard spokeswoman said the possibility of additional job cuts had previously been announced to employees and in news releases as early as July, and that the filing contained no new information. Westfield rebuys subsidiary's stock LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. - Westfield America Trust has completed the stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. of its Westfield America Inc. subsidiary. With 97.92 percent approval by shareholders, the two firms were merged and outstanding stock was paid back at $16.25 per share in cash. The company, formerly traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , has been delisted since it is no longer public. |
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