Archive

AMD to buy 10 % of Israel’s Saifun

By : CIOL Bureau

Advanced Micro Devices has announced its plans to invest $50 m for a 10% stake in Israel’s Saifun Semiconductor.

Agilent to pay $7 m in civil fraud case

By : CIOL Bureau

Denying allegations of fraud, Agilent Technologies Inc said would pay $7 m to settle a lawsuit in which the government alleged it had sold faulty medical devices. However, the company maintained that the settlement would not affect its operations.

Tech Pacific may stop Intel distribution in India

By : CIOL Bureau

Mumbai-based Tech Pacific would soon be discontinuing its distribution of Intel products in India. However, the company says talks are on with AMD to take up the distribution of its CPUs in India.

Three Icon to have software center in New Zealand

By : CIOL Bureau

Three Icon Tech Solutions has announced its plans to set up a development centre in New Zealand. The company said its expertise on application software for Health care would find greater scope in countries like New Zealand.

Oracle ramp up Indian operations

By : CIOL Bureau

Business software giant Oracle said
it plans to nearly double its staff in India in the next four years and has
started hiring for a unit that will provide back-office services for its global
operations.

NIIT reports 15% jump in PAT for Q3

By : CIOL Bureau

NIIT Limited has reported a 15% jump in its revenues in Q3 with a Profit After Tax of Rs 2.3 crore. NIIT Ltd and its subsidiaries have reported an increase of 100 percent year-on-year in Global Operating Profit at Rs 18.5 crore.

Microsoft shifts licensing plan

By : CIOL Bureau

Microsoft has shifted its complex volume licensing plans. Under the new scheme, software buyers must decide whether to pay regular installments for the rights to upgrade to the latest software at any time, or simply pay full price for a full-version software license later.

China will overtake Japan in PC sales: Intel

By : CIOL Bureau

Intel predicts that China may over take Japan as the world’s second biggest PC market this year.

IBM India offers data-recovery solution

By : CIOL Bureau

IBM India has introduced its new data recovery solution called the ‘Rapid Restore PC’ on all its desktop systems. The new solution enables quick recovery from viruses and operating system crashes.

Epson confiscates fake cartridges worth Rs 7 lakh

By : CIOL Bureau

829 counterfeit ink cartridges of Epson worth Rs 7.7 lakh were seized in a raid conducted in certain areas of Mumbai. Epson India is now taking active steps in educating customers of the ill effects and disadvantages of using fake cartridges

Bharti posts $14 million Q1 net loss

By : CIOL Bureau

Despite growing revenues, Bharti Tele-ventures has posted a net loss of $14 m. The widening of the loss could be attributed to the rising expenditure on expansion and increasing operational costs.

India brand is about skilled human resources

By : CIOL Bureau

Besides the known factors of availability of an educated, English-speaking
class and low-cost advantages, India has a far bigger advantage in taking an
early leadership in the global ITeS industry – that of a large base of loyal and
satisfied customers around the world built by her IT services players.

Intel targets business managers with YES campaign

By : CIOL Bureau

The biggest ever YES campaign from Intel, targeted at the senior managers was launched in India last week. The campaign includes advertising, events and seminars, collateral and merchandising material and press campaigns spread across the coming years.

Internet-scam sweep targets 19 online fraudsters

By : CIOL Bureau

Action has been taken against 19 Internet-based companies that have robbed the consumers in scams like work-at home schemes, auction fraud and deceptive use of junk e-mail. The state law enforcement authorities say that several cases have been settled by awarding punishments and closure of the websites.

IBM to acquire PwC Consulting

By : CIOL Bureau

In a definitive agreement signed between IBM and PricewaterhouseCoopers, IBM would acquire the latter’s global business consulting and technology services unit. The acquisition is looked at creating a powerful, unmatched capability to help clients solve their business issues, exploiting world-class technology for improved business performance.

Web Services architecture

By : CIOL Bureau

Web Service Architecture is a layered architecture and various standards are used in different layers to achieve interoperability between its three prime operations: publish, find and bind. This article will discuss the W3C Web Service stack and give an overview about various underlying technologies used such as SOAP, WSDL and UDDI.

WorldCom names chief restructuring, finance officers

By : CIOL Bureau

Worldcom has announced the appointment of Gregory Rayburn as chief restructuring officer, and John Dubel as chief financial officer. The executives are roped in to oversee the company’s restructuring operations.

i2 Tech to launch strategic sourcing solution in India

By : CIOL Bureau

i2 Technologies has announced to launch of its Supplier Relationship Management
Solutions series by this year end. The company hopes to win lot of Indian
customers for this solution and is in talks with many of them.

VSNL net dips 28.5% in Q1

By : CIOL Bureau

VSNL has posted a considerable drop in its net earnings with an income of Rs 1,424 crore in Q1. The net profit also fell from Rs 365 crore to Rs 261 Crore this year.

divine India on an expansion mode

By : CIOL Bureau

The Indian subsidiary of divine Inc has announced its plans to expand operations in India as well as the Middle East region. As of now, the Indian operation of the company has a work force of 150 people based in Hyderabad and as the company expands, this will be increased to more than 350 software professionals.