Archive

News in brief

By : CIOL Bureau

Doubleclick confirms attack by hackers, Epson unveils demo center, Knowledge Park gets grant from DSIR, IIS Infotech renamed Xansa, HP eyeing Scient purchase,

Infotecnics on an acquisition spree

By : CIOL Bureau

Infotecnics, after establishing a strong local presence, now intends to expand its operations in Europe and Australia. As part of the strategy, the firm is planning more joint ventures and acquisitions in Malaysia, Indonesia and Singapore.

ICICI’s software incubation center in Sharjah

By : CIOL Bureau

ICICI’s MoU with SAIF-Zone will enable the firm to set up a software incubation center in Sharjah. Under the terms of the agreement, SAIF-Zone
will be an equity partner in the project, the first of its kind in the Middle
East.

Sorry, no takers for home networking!

By : CIOL Bureau

Though big Internet media firms are gearing up for providing home networking service, the response has been nothing short of lukewarm. Analysts say these services will not really take off until broadband
Internet access becomes a reality.

MSN dependent on ads but sees growth

By : CIOL Bureau

With 90 per cent of the revenue in the Asian region coming from
online ads, MSN says it will depend heavily on ads for the next three to five years. Despite a weak market sentiment and corporate advertising, MSN hopes the spending on advertising will increase.

Dell launches servers for racked environment

By : CIOL Bureau

Dell launches redesigned servers with enterprise technology that can be used in racked environs such as corporate data centers. The PowerEdge 2550 has embedded Gigabit Ethernet, which will deliver the fastest network
performance available in any class server.

Control IT bags contract from UAE

By : CIOL Bureau

Control IT bags a $25 million contract for setting up a Vessel Traffic Management System for the UAE Coast Guard. The firm is in the process of
designing a radar system for better management of vessel traffic and ensuring round-the-clock surveillance in the harbor.

Acer India to focus on SMEs

By : CIOL Bureau

Acer India plans to increase the share of business from SMEs from the present 20% to around 35% through a slew of new initiatives. Acer, along with Microsoft, is now conducting countrywide expositions that will educate SMEs about its products.

Record industry blasts Napster’s filter effort

By : CIOL Bureau

Napster has received yet another round of drubbing from the music industry. This time for its failure to abide by the court order in filtering copyrighted songs. The porous filtering process of Napster still permits the
download of about 675,000 copyrighted songs.

Nortel CEO says downturn continuing

By : CIOL Bureau

John Roth says the economic slowdown, which prompted his company to
warn of a deeper than expected loss, may have ‘rippled into Europe’.
However, there has been some encouraging signs, but again these cannot be called as a trend until they persist for several weeks, says the Nortel CEO.

Pace Soft Silicon ships first VoIP systems

By : CIOL Bureau

Pace Soft Silicon has released its VoIP-based systems in alliance with Parthus Technologies of Dublin. These software solutions will be offered to companies as an alternative to using custom-built Application Specific Integrated Circuits.

Venture capitalists seek moonshots, find lame horses

By : CIOL Bureau

With new Internet and technology companies evaporating as fast as
the New York Post can feature them in its "Dead Dot Com of the
Day" column, venture capitalists are becoming very, very selective in their investments. In a chastened technology sector, the funds are clearly drying up as VCs begin to tighten their purse strings.

CR2 launches channel management in India

By : CIOL Bureau

Net banking and channel management firm CR2 announces the launch of
CardWorld and BankWorld for providing efficient banking services across several
customer-touch points such as Internet, ATMs, wireless devices and payment
cards.

Software industry faces Krishna’s music in silence

By : CIOL Bureau

Remember all that hue and cry raised over Mr Sinha’s proposal to
tax the software industry? In sharp contrast, Karnataka’s move to slap 4% tax on domestic software sales was greeted by stoic silence. Have the strident
votaries of the industry lost their voice now?

AOL to set up 10 B2B exchanges

By : CIOL Bureau

AOL announces the setting up of 10 B2B exchanges to boost its
online sales. Though the move has been initiated to attract smaller business
establishments, analysts warn it may backfire as recent estimates showed that
only 300 of the approximate 1,500 such exchanges were running on profit.

Acer India facility increases capacity

By : CIOL Bureau

Acer India increases the capacity of its Pondicherry facility to
4,200 units of desktops, servers and storage boxes per month. The facility
configures Acer-certified components and helps in building machines according to customer specifications.

Ericsson showcases 3G technologies

By : CIOL Bureau

Ericsson hopes to tap the market for mobile Internet technology by
unveiling its new 3G mobile. With the government permitting private operators to offer limited mobility, Ericsson now hopes to tap the potentially huge market
consisting of network operators, ISPs, hardware and software vendors.

Coke loses fizz to Microsoft in brand-name stakes

By : CIOL Bureau

Microsoft has now overtaken Coca-Cola! And it is not any cola war…but a battle for brand name supremacy. The software giant has toppled the cola giant to the second spot to wear the crown as America’s best known corporate brand.

Wipro 00/01 EPS seen rising 92%

By : CIOL Bureau

Wipro’s earnings per share are expected to rise by 92.3% to $0.60 for the year ending March 2001,says a consensus estimate of 3 Wall Street analyst firms polled by Multex.com. However, Wipro’s earnings growth is expected to slow down to around 53% for the subsequent year.

HP gives ‘shock’ news on defective monitors

By : CIOL Bureau

Hewlett-Packard warns that its defective 17-inch HP 71 monitors,
model D8903A, could give an electric shock to users. The monitors were part of the shipment that were sent to United States, Canada and some Latin American countries.