Archive

Talisma closes $5 million fourth round of funding

By : CIOL Bureau

Talisma has announced that it has raised $5 m in its fourth round of financing. It said that the money would be used to bolster its operations in Europe and expand operations in North America and Asia Pacific.

Trend Micro announces PC-cillin 2002

By : CIOL Bureau

Trend Micro Inc. has introduced PC-cillin 2002, a comprehensive antivirus (AV) solution that offers integrated personal firewall, wireless device protection and advanced detection and eradication for viruses and other malicious code threats.

Sierra Optima renamed Sierra Atlantic Software Services

By : CIOL Bureau

Sierra Optima Ltd. has changed its name to Sierra Atlantic Software Services Ltd., which would be a wholly owned subsidiary of Sierra Atlantic Inc., USA. The renaming is a result of restructuring of equity capital in the company.

Digital revenue up by 40%

By : CIOL Bureau

Digital GlobalSoft has registered a revenue of Rs.101.6 Crore in Q1 2002-03 with a net profit of Rs 27.6 Crore. The company’s chief contributor remains Hewlett-Packard with a 74% billing for the quarter.

Lucent posts 9th straight qtly loss, cuts more jobs

By : CIOL Bureau

Lucent Technologies has announced a consecutive loss in Q3. The company says it would cut another 7,000 jobs to reduce its work force by 15 % by the end of the year.

Europe handheld PC market shrinks in Q2

By : CIOL Bureau

European PDA shipments, around a quarter of total global shipments, have
been falling in line with declines in other key geographic areas such as the United States and Japan.

SAP turns to small businesses in China

By : CIOL Bureau

SAP AG has announced its decision to concentrate on its SME customers in its home country, China. With this, the company hopes crack a wider market for business software.

Alopa raises $ 12.5 m in series C funding

By : CIOL Bureau

Alopa Networks raises $12.5 m as its C
series funding. It says that funds would be used to accelerate Alopa’s growth plans and 
expand sales and marketing operations.

Indian VC opens US office

By : CIOL Bureau

Venture Capital company, Jumpstart has setup operations in the US to outsource cross border investments. It says that entry into the U.S market would help the company capitalize on the presence of a large number of budding hi-tech startups.

IT consulting turnover rates declining

By : CIOL Bureau

Slowdown in the demand for IT consultancy has a direct effect on the attrition rates, which had fallen down by 10 percentage points last year. Only an upturn will revive the trend in seeking greener pastures more aggressively, which was so popular during 1999 and 2000. How do IT consulting companies prepare for such a situation?

InfoTech Enterprises Q1 net jumps 65%

By : CIOL Bureau

InfoTech enterprises has reported an increase of 65% in its net profits in Q1.
It says that the growth has been achieved mainly through increasing efficiencies
and optimum utilization of resources

VXL to focus on the global thin client market

By : CIOL Bureau

In the coming months, VXL Instruments would concentrate on the global thin client market. Through its initiatives, the company is expecting an improvement in its global market share in
thin clients to 5% in the next three years.

StorageTek Q2 profit up 55%

By : CIOL Bureau

Cost cutting and financial discipline has led to a 55% rise in net profit of Storage Technology Corp.

Hical expands operations

By : CIOL Bureau

Bangalore-based Hical is geared up to expand its operations in India as well as China. It is also planning to create a Chinese manufacturing facility that would increase capacities to improve logistics for its customers in North America.

HP ends alliance as Dell enters printer business

By : CIOL Bureau

HP has announced to quit selling its products to Dell Computers as the latter is planning to launch its own products.

Genesys Q1 net profit up by 117%

By : CIOL Bureau

Genesys has reported a net profit of Rs 2.26 Crore in Q1. It says that effective cost controls and a redefined business focus have led to improvement of margins.

DCM Tech to increase revenue from licensing IP

By : CIOL Bureau

DCM Technologies has announced to license its Intellectual Property to 30% for an increase in the revenues. The company is cashing on opportunities in designing analog-integrated IC and RF integrated ICs.

AOL rethinks on instant messaging compatibility

By : CIOL Bureau

AOL has announced its decision to put a hold on its instant messaging compatibility service. The company said it would focus on alternative ways of achieving interoperability, instead.

Amazon reports narrower Q2 loss

By : CIOL Bureau

Amazon.com is looking at expensing its options by early 2003 after reporting a narrower Q2 loss. It says improved profit margins and accelerated growth from its electronics and kitchen segment would help it reach profitability on a pro forma net basis in 2002.

Alcatel to launch its Omni Series in India

By : CIOL Bureau

After launching its Omni Series in Singapore, Europe and US, Alcatel has announced to launch the product series in India next month. The company primarily aims at targeting the call center market with its new products.