Posts From CIOL Bureau

Ivega Corp. secures first round VC infusion

By : CIOL Bureau

Bangalore-based Ivega Corporation, an IT solutions and consulting company, has secured the first round of venture capital investment from Sivan Securities Ltd.

Syscom launches set-top boxes

By : CIOL Bureau

Syscom has launched dial-up set-top boxes in two product categories: 33.6 Kbps and 56 Kbps priced at Rs 13,000 and Rs 15,000 respectively.

Asianet to offer Net access through cable from April

By : CIOL Bureau

Asianet Satellite Communications Ltd. will begin offering Internet access through cable modems from the first week of April in the two cities of Thiruvananthapuram and Cochin.

Booming chip market sets of stock-buying frenzie

By : CIOL Bureau

Reports that worldwide semiconductor sales may grow much faster than previously projected during 2000 and next year sent investors scrambling to buy shares of many semiconductor and chip manufacturing tool companies.

AOL, Time-Warner executives plead merger case in DC

By : CIOL Bureau

Concerned that federal regulators may seek to block their planned merger, AOL and Time Warner announced they would allow other ISPs access to their cable TV networks so consumers will have a choice of online service providers.

Lucent sells its stake in Lucent-Finolex JV

By : CIOL Bureau

Lucent Technologies has sold its 51%stake in the Lucent-Finolex Fiber Optical Cable joint venture to Finolex Machines Private Ltd. for an undisclosed amount.

Tenet launches M-Bank

By : CIOL Bureau

Tenet India Pvt. Ltd., a Bangalore-based communication software solutions provider, has developed M-Bank, a WAP (Wireless Application Protocol) based solution for Mobile Banking application.

Tata and Birla in a cellular merger

By : CIOL Bureau

Two of the country’s largest business houses have joined in a cellular deal. Tata and Birla have signed a MOU to merge their cellular telephony businesses into a single entity with enterprise value estimated at $1 billion.

IBM India exodus continues: Pawan Kumar quits

By : CIOL Bureau

Looks like the Year 2000 has started out as a year of exits for IBM. IBM Global Services president Pawan Kumar is the latest one to leave the company.

Convergent Software opens development center

By : CIOL Bureau

Convergent Software Ltd. has launched its global software development center in Bangalore.

IBM to launch new e-beam chip tools

By : CIOL Bureau

IBM is expected to launch a new “Prevail” electron beam-based lithography technology to produce next-generation circuits with ever smaller geometries.

Bush says he is against breaking Microsoft

By : CIOL Bureau

Presidential candidate George W. Bush, campaigning just 15 miles from Microsoft’s headquarters, said he would not have sued Microsoft on antitrust grounds and as president, would not support breaking up the company.

STM, Rise team up on embedded Pentium

By : CIOL Bureau

STMicroelectronics and Rise Technology of Santa Clara announced they are joining forces to create a Pentium-compatible processor for embedded applications in a new generation of portable information appliances.

VA Linux sales explode, losses grow

By : CIOL Bureau

VA Linux Systems has announced that its sales are soaring, as are its expenses, resulting in an $11.6 million loss compared to $1.8 million a year ago.

Middle of the road approach, say corporate big wigs

By : CIOL Bureau

The corporate big-wigs had mixed reaction towards the budget. Here are some of the immediate reactions to the first budget of the new millennium.

Silence on ESOP takes the sheen out of budget

By : CIOL Bureau

There were mixed reactions from the software industry and the venture capitalists towards the Budget.

Cellular companies welcome budget

By : CIOL Bureau

The telecom industry has generally welcomed the Union budget.

Minimal Impact For IT

By : CIOL Bureau

Like every year, the budget has its share of admirers and cynics. The same has been the case in the IT industry.

Almost nothing for communications!

By : CIOL Bureau

The only noteworthy thing for the communications industry is a sharp reduction in cellphone import duties.

Push for dotcoms

By : CIOL Bureau

The Union Budget presented by the Finance Minister has certainly given an impetus for the dot.com companies.