Archive

Microsoft, SEC in talks to settle accounting case

By : CIOL Bureau

The Securities and Exchange Commission has been probing the
Microsoft for allegedly smoothing its financial results by setting aside
reserves for lean quarters. Microsoft is in talks with securities regulators to
settle charges but hopes to avoid fines.

IBM global services cut 2,000 jobs, union says

By : CIOL Bureau

IBM has cut about 2,000 jobs from its services division,
according to a union spokesman. The union said IBM cut 1,009 jobs in its
large computer division, 700 jobs in software and 95 positions in its
global financing division.

Apex wins South Korean insurance giant as customer

By : CIOL Bureau

Apex Technologies has won an order for its insurance solution,
e-LIFE, from South Korean SK Life. The solution will provide scalability,
performance, flexibility and faster time to market, for both traditional and
non-traditional life insurance products.

HCL Comnet bags VSAT based rural telephony project

By : CIOL Bureau

HCL Comnet has installed solar powered VSATs, enabling rural
telephony, in Andhra Pradesh. The project is based on Gilat DialAway technology
and is the first of its kind in India. DialAway is a low cost rural telephony
solution that provides on demand voice, fax and data services to and from remote
locations via satellite.

VSNL investment in Tata Tele wrong, says Mahajan

By : CIOL Bureau

VSNL’s investment of Rs 12 billion in Tata Teleservices is wrong,
said IT minister Pramod Mahajan. He said that the diversion of the funds to Tata
Tele would benefit the latter rather than VSNL.

MRO-Tek’s initiatives to better revenue

By : CIOL Bureau

MRO-Tek has posted a Rs 81.27 crore revenue for the financial year
2001-02 as against Rs 125.43 crore for the previous year. The company has also
chalked out plans to tie up with firms in Malaysia and Maldives and has
strengthened its ties with Isreal’s RAD Communications by setting up a R&D
center.

HMA STARware posts 38% growth in revenue

By : CIOL Bureau

HMA STARware, a Chennai-based retail banking software solutions
company, has posted a turnover of Rs 11.87 crore, a 38% increase from the
previous year’s. The company’s open architecture based Switch product IST/Switch
has generated a turnover of Rs 6.78 crore.

Wilco acquires German financial software-services provider

By : CIOL Bureau

Wilco International has acquired, ISAM GmbH, a German financial
software and services provider. Wilco is a subsidiary of Automatic Data
Processing.

Xalted to launch telecommunications software products

By : CIOL Bureau

Xalted Information Systems will unveil a new series of
telecommunications products through a collaboration agreement with Xalted
Networks USA. The firm has also unveiled telecommunications product, 7X, to
facilitate broadband.

Net4India to cut ISD rates by 40%

By : CIOL Bureau

Net4India plans to offer ISD calls in India at 40% lower than the
existing rates and also plans to be a complete IP infrastructure and services
company. Net4India plans to invest Rs 200 crores over a period of two years in
the infrastructure and the ILD services.

Significance of Sun’s StarOffice pricing

By : CIOL Bureau

What makes StarOffice pricing different and distinct from Microsoft’s is that it is based on users and not per device. With Sun’s pricing policy and technical improvements, time is ripe for StarOffice to take market share from Microsoft with organizations upgrading older Office suites. Overall, Giga suggests co-existence with Microsoft Office environments rather than a complete replacement.

Knowledge Management: Tools and techniques

By : CIOL Bureau

Knowledge Management tools run the gamut from standard, off-the-shelf e-mail packages to sophisticated collaboration tools designed specifically to support community building and identity. There are many methods and tools available in the knowledge management industry. Here are some of the tools adopted for various functions.

Knowledge assets: know how to manage information

By : CIOL Bureau

Though knowledge management is necessary for enterprises, all available data cannot be classified as knowledge-based assets. These assets are broadly defined as explicit and tacit. Explicit knowledge pertains to patents, business plans and market research, while tacit knowledge is regarding information each individual can contribute that may help in the growth of the company.

Knowledge management: Leverage enterprise resource

By : CIOL Bureau

Enterprises are realizing how important is the information that get scattered randomly in the organization and be able to make maximum use of that knowledge. According to a white paper, knowledge assets are the info or knowledge regarding markets, products, technologies and organizations that a business owns or needs to own and which enable its business processes to generate profits, add value, etc. Here are some tips on the need for knowledge management and what to look for…

Dell sees his bonus cut by 80%

By : CIOL Bureau

Michael Dell has decided to settle for discounted stock options
instead of his full yearly bonus. Michael Dell settled for $347,236 in bonus for
2001, compared to $1.6 million he was paid a year earlier, the result of company’s
failure to meet internal sales and profit objectives.

Nortel to fire another 3,500, to sell off unit

By : CIOL Bureau

Nortel Networks plans to lay off another 3,500 workers in order to
break even on current quarterly revenue levels. The troubled networking firm
also plans to sell its fiber optic networking operations and expects the
overhaul to result in charges of $600 million.

HP, Sun to shut down for a week to save costs

By : CIOL Bureau

HP and Sun will close down for the week of July 4 in their
continued bid to save costs. The trend is a reprise of an extend cost-saving
holiday declared in the Silicon Valley last year.

Signs of chip recovery, DRAM still in trouble

By : CIOL Bureau

More signs emerged this week that a modest recovery in chip demand is underway. DRAM memory chips though remain troublesome due to a large influx of output from Hynix in the aftermath of a failed merger attempt with Micron.

Active handset market to grow to $100 bn by 2006

By : CIOL Bureau

The delay in the arrival of new handsets is expected to push the
global revenues to reach $100 billion in 2006 from an expected $60.9 billion
this year, says a study. Cell phone sales were plagued last year by
overproduction.

IBM cuts undisclosed number of global services jobs

By : CIOL Bureau

IBM has trimmed the ranks in its computer services division but
declined to disclose numbers. The cuts come one week after IBM confirmed it had
cut jobs in its large computer division and in operations.