PSINet came under fire from anti-spam organizations after CNET News.com obtained an electronic unsigned copy of a so-called pink contract between PSINet and Cajunnet, a marketing firm based in Slidell, La., that freely admits its spamming practices.

The Register reports that the Taiwanese motherboard manufacturer is the latest high-profile site to experience a cracker attack in recent days.

From a story at MaximumLinux.com: Microsoft and Texas Instruments today announced plans for the 2.5G smart phone solution, an integrated wireless platform that will support 2.5G GSM/GPRS-enabled wireless handsets and advanced mobile computing devices. This should allow for the consolidation of multiple communications and multimedia features, resulting in the creation of small but intelligent wireless mobile devices.”

The Scots Valley, Calif. software development tool vendor has changed its name back to Borland after two relatively unsuccessful years as Inprise. From a report at TechWeb.

Linux News reports on IBM’s new xSeries 135 Linux appliance server. According to the company’s product description, this is the first server of its kind that can be configured and deployed right out of the box.

Wired News reports that Internet traffic hit a record high as users rushed online to check on election results. ABCNews.com states they received 27.1 million page views yesterday, beating its previous record for the Starr Report by 17 million.

Reuters is predicting that AT&T will sell off its stakes in other cable companies and Time Warner Entertainment in order to slash $16 billion in debt.

ZDNet’s David Coursey comments on Silicon Valley’s latest trend of seeking out experienced leaders: “During the Internet gold rush, venture capital seemed to accept the 1960’s mantra that nobody older than 30 could be “relevant” to the new economy. Now that the gold rush has ended — or at least headed to the islands for a rest — the target age for Silicon Valley execs has raced past 40. And 50 year old CEOs are starting to look very attractive.”

Microsoft wants to give ISPCon attendees a peek at how it plans to win over Internet and application providers to Windows 2000. Part of the plan involves offering hosts free copies of Windows 2000 Advanced Server, a special resource kit, and steep discounts on training and support. The full story is at InfoWorld.com.

Upside Today profiles Red Hat and its finally concluded search for a CFO, who the company plans to introduce at tomorrow morning’s investor meeting.