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Intrinsyc Software International's Q1 loss nearly doubles to $2.7 million (Canadian Press via Yahoo! News) - VANCOUVER (CP) - Intrinsyc Software International Inc. (TSX:ICS) lost $2.7 million in its first financial quarter, nearly double its $1.4-million loss a year earlier.

U.S. software companies face European demand (Centre Daily Times) - NEW YORK - Unfriendly foreign-exchange rates and weak European markets could have combined to dampen the effect of the usual end-of-year budget flush for U.S. software companies, resulting in solid, if unspectacular, fourth-quarter earnings.

Symantec Denies It Uses Rootkit In Software (CRN) - Symantec disputed a claim by researchers who said the security software vendor was using a rootkit to hide files from users.

Software start-ups feel the pinch (ZDNet) - Small fish in the shrinking software sea are embracing open-source software as a service to get an edge over their larger rivals.

Getting the most from tax software (Bankrate.com via Yahoo! Finance) - Filling out your return on your computer can be quick and easy as long as you get a software program that fits your tax needs.

Symantec, Kaspersky criticized for cloaking software (InfoWorld) - ( InfoWorld ) - The Windows operating system expert who exposed Sony BMG Music Entertainment use of "rootkit" cloaking techniques last year is now criticizing security vendors Symantec and Kaspersky Lab for shipping software that works in a similar manner. Mark Russinovich, chief software architect with systems software company Winternals Software, says that the techniques used by

Kana Software warns of lower revenue (San Francisco Business Times) - Kana Software Inc. said Thursday its fourth quarter revenue will be between $10.7 million and $10.9 million, below expectations and less than last year.

Sierra Ventures invests $10M in Virginia software company (San Francisco Business Times) - Sierra Ventures has invested $10 million in Razorsight Corp., a financial management software company.

Burt's Bees, Stock, Patriot fined for using unlicensed software (Triangle Business Journal) - Three Triangle businesses have joined a growing list of companies across the country that have been busted for installing unlicensed software programs on workplace computers.

FreeStar Technology Corp.'s Rahaxi Processing Oy. Enables Computer Program Unit Oy.'s Payment System Software Achieve (CommsDesign) - DUBLIN, Ireland, Jan. 11 /PRNewswire-FirstCall/ -- FreeStar Technology Corp. , an international card payments processor and technology company, today announced that its subsidiary Rahaxi Processing Oy., based in Helsinki, has provided the EMV-compliant platform to enable Computer Program Unit Oy. (CPU) to achieve EMV-certification for its Finnish-based terminals and payment processing software.