Archive

Datacraft opens STARtrac, Training Partners in Bangalore

By : CIOL Bureau

Datacraft India has opened STARtrac, a managed networking services
center and Training Partners, a networking and data communications training
subsidiary, in Bangalore with an investment of $2 million. Datacraft has already
bagged a $18 million contract from the State Bank of India.

GDR Media bags $ 5 m order

By : CIOL Bureau

GDR Media a BPO has bagged an order worth $5 million, from an IT Consulting and
ERP Service provider to the US Government. GDR is looking at becoming a
full-service solution provider in the contact center, back-office and BPO areas.

Wipro in NYSE’s tech index

By : CIOL Bureau

Wipro has been included in the NYSE TMT index that is the first
index that provides a tool to track the global TMT market. The index tracks the
top 100 technology, media and telecommunications stocks listed on the NYSE.

Indian VCs to promote ‘Desi’ entrepreneurs in Silicon Valley

By : CIOL Bureau

The Indian Venture Capital Association has formed the Silicon
Valley Chapter with the objective of promoting Silicon Valley-based venture
capital and private equity organizations to invest in Indian entrepreneurs and
companies. The association represents around 40 venture capital and private
equity firms.

Patni to enter new verticals, eyes BPO space

By : CIOL Bureau

Patni Software is planning to venture into three new verticals that
include healthcare, retail and utilities sectors by the next quarter. The
company is evaluating its entry into China and South Korea and is also planing
its foray into the BPO space.

TI unveils Analog Front End signal processor

By : CIOL Bureau

Texas Instruments has unveiled VSP1221, an Analog Front End signal
processor for digital still and video camera applications. The signal processor
is used for signal conditioning and analog-to-digital conversion at the output
of a Charge Coupled Device array.

‘It’s safe to do business with us’

By : CIOL Bureau

The nuke neighbors, India and Pakistan, came to the brink of war
last month, scaring the Indian IT industry’s offshore clients. But now even
with the tensions eased and the warnings lifted, the focus on the region as a
potential hot spot could scare away new business.

Patni to enter new verticals, eyes BPO space

By : CIOL Bureau

Patni Software is planning to venture into three new verticals that
include healthcare, retail and utilities sectors by the next quarter. The
company is evaluating its entry into China and South Korea and is also planing
its foray into the BPO space.

SISL moves into BPO, to spin off new company

By : CIOL Bureau

Siemens Information Systems has decided to spin off a separate
company for business process outsourcing. The company has also freezed plans to
acquire a Chennai-based firm for around Rs 15 crore, in its bid to strengthen
its hold in the banking and financial services market.

STPI contemplating fiber-optic connectivity for first time

By : CIOL Bureau

Cable connectivity is becoming an increasingly attractive option
for the superior quality it provides at lower costs. But satellite connectivity
scores higher on the reliability side and also has the quality of self-healing.

Wipro Infotech launches consulting services

By : CIOL Bureau

Wipro Infotech has announced the launch of IT Consulting Services
that will comprise of business planning, IT strategy articulation and
implementation and business technology consulting. The service will serve
customers in India, APAC and the Middle East.

Sun increases RISC/UNIX server market share

By : CIOL Bureau

Sun Microsystems has increased its market share in the RISC/UNIX
server market in India in Q1 2002, according to IDC. Sun’s RISC/UNIX server
revenue market share in India grew to 48.4% in Q1 of 2002 from the 34.6%
achieved in the full year 2001.

Hooray! Pocket your PC

By : CIOL Bureau

PDAs are not just personal productivity devices. If they are enabled to
handle enterprise apps, PDAs will be used more as corporate connectivity devices
by those on the move. However a reality check has revealed that this market did
not take-off as predicted.

Tata Tele to acquire Hughes Tele.com

By : CIOL Bureau

Tata group plans to acquire a controlling stake of 50.83% in Hughes
Tele.com, in a bid to expand its presence in the telecom industry. Tata
Teleservices will acquire 714.3 million equity shares of Hughes Tele.com. The
transaction also involves restructuring Rs 75 million worth of debt owed to
Hughes Network Systems.

Caldera to enter Linux training market

By : CIOL Bureau

Caldera India plans to offer services to education vendors as well
as support them with education course-ware in Linux. Meanwhile, four Linux
vendors, Caldera, Connectiva, Turbo and Suse have launched an initiative called
Unified Linux Initiative to develop a common core for its Linux products.

Xerox says restatement reduces revenues by $1.9 bn

By : CIOL Bureau

Xerox said revenues for the five-year period ending 2001 have been
reduced by 2% to $91 billion. Meanwhile, Fitch Ratings expects to cut its
ratings on Xerox and its units by at least one notch, following the disclosure
that it would restate five years of results to reclassify more than $6 billion
in revenues.

Motorola to cut 7,000 jobs, take $3.5 billion charges

By : CIOL Bureau

Motorola plans to shed 7,000 more jobs and take charges totaling
about $3.5 billion as it contends with sharply reduced technology spending. The
latest cuts will reduce employment by 7% from the previous target, hitting all
of its businesses and its corporate headquarters.

ICANN leaves ordinary surfer high and dry

By : CIOL Bureau

ICANN, a non-profit organization overseeing the Internet’s name
system, has excluded ordinary Web surfers from its board. Now, the 19-member
board of directors will be drawn from representatives of technical, business,
government and non-profit organizations.

Taiwan tech recovery lifted by US, Japan cost woes

By : CIOL Bureau

Taiwan’s electronics firms are now thriving with increasing orders
from major tech firms in the US and Japan that are all out to lower costs. Major
beneficiaries are the island’s contract manufacturers of computers,
semiconductors and flat-panel monitors, which have increasingly close ties with
Japanese and US counterparts.

Computerized ‘Mr. Potato Head’ system aids police

By : CIOL Bureau

A software by ImageWare Systems called Crime Capture and CrimeWeb,
allows investigators to replaces the paper records with technology in
identifying suspects. Nicknamed Mr. Potato Head, the software allows photos to
be combined with fingerprints, names and other personal information that is
aggregated into a database.