Archive

i-flex, Fujitsu announce marketing partnership

By : CIOL Bureau

i-flex Solutions in an alliance with Fujitsu, Thailand, will launch
a broad range of financial solutions targeting the Asia Pacific region. This
marketing partnership will offer FLEXCUBE series to the market.

Microsoft and the domination saga

By : CIOL Bureau

Will Microsoft agree to the absolute minimum the US government sees
as required to reign in the software giant’s monopolistic power abuses? The
company, even when driven to the corner never seems to budge. Judge Colleen
Kollar-Kotelly in pursuit of a settlement?

For IT industry it’s not the calm after storm

By : CIOL Bureau

The "perfect storm" that sank earnings for Compaq in the
past quarter will hit chipmakers Intel and AMD with a lag, say analysts.
"The question isn’t if Intel is going to lower numbers, but it’s by how
much," said Lehman Brothers analyst.

Compaq cuts outlook, takes $500 m charge

By : CIOL Bureau

Compaq Computers expects a Q3 operating loss and a
lower-than-expected sales saying it was hurt by the typhoon as well as the
aerial attacks. The merger with competitor Hewlett Packard has in itself caused
‘both customers and employees to pause’, said the CFO of the company.

BEA, EDS alliance to counter IBM

By : CIOL Bureau

BEA Systems entered into alliance with EDS in a bid to defend its
turf in the server market from IBM. The companies will develop an integrated
package, BEA’s WebLogic platform, and EDS’ e-business infrastructure, according
to the alliance.

Compaq Q3 shortfall beats up HP merger

By : CIOL Bureau

Compaq Computer Corp.’s third-quarter shortfall gives shareholders
yet another reason to dislike its already unpopular plan to merge with
competitor Hewlett-Packard Co. Since Hewlett announced its plans to buy Compaq
on Sept. 4, unhappy investors have shed Hewlett shares, pushing the value of the
deal down to $16.4 billion from $25 billion.

Compaq Q3 shortfall beats up HP merger

By : CIOL Bureau

Compaq Computer Corp.’s third-quarter shortfall gives shareholders
yet another reason to dislike its already unpopular plan to merge with
competitor Hewlett-Packard Co. Since Hewlett announced its plans to buy Compaq
on Sept. 4, unhappy investors have shed Hewlett shares, pushing the value of the
deal down to $16.4 billion from $25 billion.

SCI Systems acquires IBM operation in Japan

By : CIOL Bureau

SCI will acquire IBM’s ‘s computer design and manufacturing
operations in Japan. The company will perform product engineering, testing and
manufacturing services for products from IBM’s storage and PC divisions at the
Japanese facility.

Wipro Net partners Trend Micro for virus-free ISP

By : CIOL Bureau

Wipro Net in an alliance with Trend Micro will deliver content
security services that will protect subscribers from viruses and spam. Trend
Micro will also extend mission-critical support services to Wipro Net.

HP sets new focus for printer unit

By : CIOL Bureau

HP is now focusing its deals on its printer division, the company’s
most profitable operation. HP sells about half the world’s desktop printers and
is now depending on its printer business for profits while dealing with the
integration of Compaq’s computer and services with its own.

BSE to stop trade in Pentamedia Graphics

By : CIOL Bureau

The Bombay stock Exchange will suspend trading in shares of
Pentamedia Graphics from October 4. The authorities said irregularities found in
the preferential allotment of one million equity shares issued by the animation
software company was the reason for the suspension.

Indian software sector downgraded to neutral

By : CIOL Bureau

HSBC Securities and Capital Markets downgraded India’s software
sector to neutral from overweight, amid uncertainty following attacks on its
main market- the US. It also said that it was too early though to estimate the
precise impact on the revenue and profit of the software companies.

STL launches fonemail in Rajasthan

By : CIOL Bureau

Shyam Telelink has launched fonemail for its basic telephone
subscribers in Rajasthan. Fonemail is a unified messaging platform wherein all
the messages can be sent and received by phone including emails and voicemails.

Cap Gemini Ernst & Young, Siebel form global alliance

By : CIOL Bureau

Cap Gemini Ernst & Young and Siebel Systems have announced a
global alliance to develop next generation CRM services for the world market.
The partnership will also expand their program of jointly implementing
innovative eBusiness solutions.

Analog Devices sets up Chair for DSP in IIT-Madras

By : CIOL Bureau

Analog Devices has established Chair for DSP at the IIT-Madras at a
cost of $140,000. Positioned in the electrical engineering department at the
Institute, it will provide assistance in all phases concerning to DSP.

IBM woos Valtech, attacks BEA

By : CIOL Bureau

IBM in a bid to steal business from its rival and to end the
leadership position of BEA has forged a relationship with Valtech. The Paris
based information technology consultant group will now be IBM’s recommended
expert for the latter’s WebSphere application server.

CEOs vote Indian economy recovery post 2002

By : CIOL Bureau

A snap poll conducted by the CII at its National
Council and Associations Council meeting recently has taken the expectation of a
economic recovery beyond 2002. CEOs from various industry sectors were
responding to a snap poll on three basic factors: foreign direct investment,
foreign institutional investments and trade.

Experience the best of two worlds

By : CIOL Bureau

CIOL Travel and Holidays is the latest offering in the field of
travel sites. The travel site has been launched in partnership with Hammock
Leisure Holidays. The site caters to the needs of the business establishments
offering office picnics, board meetings and dealer meets.

Caltiger restricts free service to 5 cities

By : CIOL Bureau

Caltiger, India’s only free Internet service provider will now
restrict it to 5 cities, a result of poor market conditions. Caltiger.com Gold,
a premium service will however be introduced in the other cities.