Archive

High-tech spending in China seen soaring

By : CIOL Bureau

Small and mid-size firms in China will spend a record $12 billion
on high technology products and services this year, according to reports.
According to analysts, this surge in spending will offer huge sales
opportunities to foreign firms.

MosChip to raise $2.16 m from stake sales

By : CIOL Bureau

MosChip Semiconductors is raising $2.16 million through stake
sales, according to company officials. The firm last week received permission
from its shareholders and the government to sell a 9.16% stake to US firm ESS
Technology and a 4.58% stake to a subsidiary of Singapore-based Flextronics.

Satyam nominated for eOscar `02

By : CIOL Bureau

Satyam Computers has been nominated for eOscar 2002 in the best B2B
solution category by intershop, an e-commerce solutions provider. Satyam was
nominated for its implementation of TRW Automotive Aftermarket.

NIIT acquires Osprey for $3 m

By : CIOL Bureau

NIIT has acquired US-based Osprey Systems, a SAP solutions
provider, for $3 million in all cash deal. Osprey will become the SAP
solution-focused business division of NIIT in the US. Osprey Systems is
headquartered in Charlotte, North Carolina.

Infosys FY results on April 10

By : CIOL Bureau

Infosys Technologies is scheduled to meet on April 10, to
consider the audited financial results for the quarter ended March 31 and
for the financial year ended March 31, 2002.

Surana, Grand Atlantic team up for VoIP service

By : CIOL Bureau

Surana Telecom, a Hyderabad-based a telecom equipment manufacturer,
has tied up with Grand Atlantic to facilitate net telephony within Hyderabad.
The company also plans to launch Internet telephony service, which it claims is
India’s first.

Japan’s 3G market heats with KDDI entry

By : CIOL Bureau

The quiet 3G launch for Japan’s number two mobile operator
contrasts with the fanfare surrounding the launch of the 3G network NTT DoCoMo,
which drew attention from around the globe. KDDI’s new ‘CDMA2000 1x’ services
began quietly, although it is expecting seven million users to shift to its 3G
phones by March 2003.

Logitech’s MouseMan Traveler for notebooks

By : CIOL Bureau

Logitech has announced MouseMan Traveler, an ultra-slim profile
optimized for business travelers who depend on a notebook computer. MouseMan
Traveler uses either a PS/2 interface and is compatible with Windows 95 or
later, as well as Macintosh 8.6.

Hughes announces video, audio streaming for 3G networks

By : CIOL Bureau

Hughes Software’s 3G SGSN is targeted at OEMs and is a bid to
reduce time to deploy 3G SGSN and enter 3G markets with improved return on
investment models. The company in a partnership with Interphase, also plans to
develop commercial off-the-shelf products.

Record management solutions now available in India

By : CIOL Bureau

IDC expects heavy investment by government agencies in technologies
that support intelligence work in the wake of the Enron debacle. Impact Systems
plans to take advantage of the need for record management system and approach
the Indian market with its flagship software solution eRecordsManager.

High-tech spending in China seen soaring

By : CIOL Bureau

Small and mid-size firms in China will spend a record $12 billion
on high technology products and services this year, according to reports.
According to analysts, this surge in spending will offer huge sales
opportunities to foreign firms.

Private players to enter ILD arena

By : CIOL Bureau

The government ended decades-long monopoly held by VSNL over the
international long distance business, paving the way for private players to
enter the near $1.3 billion-a-year market. This is expected to bring down the
ILD call rates by 40-50%.

NTT to post biggest ever loss in Japan

By : CIOL Bureau

Nippon Telegraph and Telephone is likely to post a net loss of $7.5
billion in its just-ended business year as a result of massive write-downs on
overseas investments and restructuring costs, according to analysts. DoCoMo is
also facing write-down stemming from KPN Mobile of $1.14 billion.

Walter Hewlett goes to court to block the merger

By : CIOL Bureau

Walter Hewlett has gone to court in his bid to block the merger
claiming that the HP management coerced votes and misled Deutsche Bank to seal
the largest merger in computer industry history. The official count of the vote
is not expected for weeks, but Hewlett calculates that management won by less
than 1% of the vote that roughly equal the 17 million plus shares Deutsche Bank
allegedly changed.

Palm close to gaining VSIP access from MS

By : CIOL Bureau

Microsoft has refused Palm access to the software development tool,
VSIP, and had set one-sided conditions for allowing Palm handhelds to work on
.NET, according to a Palm executive who testified in the antirust case. The
handheld maker also said that the process to get access to VSIP was very
disturbing.

Lucent in $2 bn manufacturing deal with Solectron

By : CIOL Bureau

Lucent Technologies will sell equipment and inventory at its
manufacturing operations in Massachusetts, to Solectron for $125 million. The
struggling telecommunications giant also said that it chose Solectron to
manufacture optical gear used in moving data over the Internet in a deal worth
$2 billion.

Network Associates renews contested bid for McAfee

By : CIOL Bureau

Network Associates renewed its bid to buy rest of McAfee.com for
$210 million. The Computer security provider’s bid was rejected by anti-virus
software maker saying it was too low. Network Associates spun McAfee.com off
three years ago but continues to own about 75% of the company.

Motorola posts loss for first time in 71 years

By : CIOL Bureau

Motorola posted a loss before one-time items for the first time in
71 years reflecting the slowdown in consumer spending. The company has also
canceled the chairman’s bonus and frozen his pay last year because of the
company’s ‘unsatisfactory financial performance’.

Get Net access

By : CIOL Bureau

Looking for an Internet account? You’ll find more than 10 ISPs operational
in your city. Getting online is not a big deal anymore. But netting a good
service provider still is. We take a look at your options and give you the
listings you need to find the package made-in-ISP heaven.

IBM signs $71 m deal with UK post office

By : CIOL Bureau

IBM has signed a $71 million agreement to provide the UK post
office with technology and services that will enable customers to bank at its
postal branches. IBM will design and manage the system for the bank that has
17,500 branches in the United Kingdom.