Start-up software company Parallels says it is ready to release a final version of its software that allows Macs to run Microsoft Windows and the Mac OS at the same time. Apple Computer made headlines in April when it said it would offer its own software – Boot Camp – for loading Windows onto Macs. But Boot Camp only permits you to run one OS at a time. Parallels software allows you to run both. Other similar software offerings had to emulate the hardware that’s inside of a PC. But with Parallels (and the fact that both Macs and PCs now use the same Intel-based chips) the emulation is unecessary. Visit Microsoft Windows.

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Professional photographers won’t be disappointed and amateur users won’t be overwhelmed with Corel’s Paint Shop Pro X. According to CRN Magazine, the program is easier to use than it’s competitor (Photoshop), and it has new features to appeal to a variety of customers. It boasts a new graphical workflow, tools to reduce red eye, correct skin color, fix photo defects, lessen blemishes, whiten teeth and even apply a tan. Other features include image flipping and the blending and layering of colors. But the best part? It costs more than 1/5 less than Photoshop. Visit Paint Shop Pro.

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Adobe Systems posted lower second quarter net income due to higher costs related to its Macromedia acquisition, and its shares fell more than 4 percent. Adobe said the demand is a bit weaker for some of its content-creation products, as customers wait for a new version that works with new Apple computers. Despite this, the demand for its Acrobat and video software has continued to rise. Visit Adobe.

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The founder and face of Microsoft for the past three decades is planning to gradually step away from daily work at the company. By July 2008, he will become a part-time employee and chairman. Gates explained that he plans to devote more time to the Bill & Melinda Gates Foundation, founded in 2000 to help reduce inequities in the U.S. and worldwide. What’s next for the company without Gates? Battling competitors like Google and the release of Vista, expected in the second half of 2006. Visit Microsoft.

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“It is an area of great interest to our company,” said Symantec CEO John Thompson. He revealed that Symantec is looking into identity management, encryption and managed services as it continues towards its stated goal of becoming an IT services management company. Despite eight acquisitions (including Veritas) in the last year, the CEO asserted that they might develop the technology in-house as opposed to purchasing an ID management or encryption company. Visit Symantec.

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