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A: The leading supplier of networked computing products, which stumbled badly for several years after the Internet bubble burst, had $89 million in net income in its first fiscal quarter, which ended Sept. 30.

That marked the first time it recorded four consecutive quarters of profits in more than five years. Cost-cutting, which included significant job cuts, has been paying off. It also is gaining market share in its server and storage businesses.

NORFOLK, Va., Jan. 8, 2008 (PRIME NEWSWIRE) -- Commonwealth Bankshares, Inc. (Nasdaq: CWBS) today announced the groundbreaking of its new Kitty Hawk, North Carolina branch. This branch will be a significant new addition to Bank of the Commonwealth and to the Kitty Hawk business community.

Edward J. Woodard, Jr., CLBB, Chairman of the Board, President and CEO, commented, "Bank of the Commonwealth is embarking on a significant new period of growth on the Outer Banks and throughout Northeastern North Carolina. We currently have branch facilities in Waves on Hatteras Island, and Powells Point in Currituck County. Our Moyock branch is currently under construction with plans to open this spring. We are very pleased to bring our `Come bank with your neighbor' philosophy to Kitty Hawk."

Mr.

For Arik Hesseldahl of Business Week, the most likely new product will be a subnotebook Mac that possibly uses the new low-power Silverthorne chips from Intel. Joining CNBC and others, Hesseldahl surmised that a new MacBook Mini might feature a flash drive instead of a hard disk.

"Already the world's largest consumer of NAND flash memory after SanDisk," he wrote, "Apple is in a better position to popularize solid-state storage in mainstream computing devices than any other vendor."

3G iPhone Coming?

As the iPhone was announced at last January's MacWorld, few observers would be shocked if Apple sought to keep the popular device's momentum going with the announcement at MacWorld of a 3G iPhone.

Jobs and Apple's U.S. partner, AT&T, already have indicated that it is on the drawing board.

ROCHESTER, N.H. -- Sen. Hillary Rodham Clinton (D-N.Y.) unwittingly handed Sen. Barack Obama (D-Ill.) a powerful closing argument for New Hampshire voters when she talked about raising "false hopes" during Saturday's debate. Obama, aiming a verbal arrow at Clinton's heart and soul, rallied his supporters on Monday with a cry, "False hope? There is no such thing!"

Obama is poised to win today's primary and put a nail in Clinton's White House bid, in part because he was able to claim brand ownership of the aspirational notion of "hope" and swat away Clinton's and former Sen. John Edwards' (D-N.C.) claim to change by presenting a sunny optimism.

Analog TVs should come with a specific consumer alert warning you that a converter box will be needed to view over-the-air broadcasts after Feb. 17, 2009. For more information on digital TV, visit http://www.dtv.gov.

- Dan Thanh Dang

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