Posts From CIOL Bureau

Insignia’s Jeode platform selected by Quantum

By : CIOL Bureau

BANGALORE: Quantum Corporation and Insignia Solutions jointly announced that Quantum will license Insignia’s Jeode Embedded Java-compatible software technology for future development of embedded intelligence in storage devices and systems. Under the terms of the agreement between the companies, Quantum will

Online business booms at America.com

By : CIOL Bureau

Online retail sales in the United States are expected to grow to $20.2 billion this year, according to market researchers at Forrester Research. As many as 70 percent of Internet users are planning to do some or all of their

MTNL declares 30% dividend

By : CIOL Bureau

BANGALORE: Mahanagar Telephone Nigam Ltd. (MTNL) has declared 30 per cent dividend on a paid-up share capital of Rs 630 crore for the year ended 1998-99. The company registered Rs 1,297 crore as profit after tax during 1998-99, which is

Microsoft to spend $3.8 b. on R&D

By : CIOL Bureau

Microsoft already spends more on research and development than the rest of the windows software industry combined. Now the company announced it is boosting R&D investments by a whopping 28 per cent to $3.8 billion, up from $2.97 billion during

Intel and NEC in major Internet pact

By : CIOL Bureau

Intel Corp. and NEC this week have signed a major pact to jointly provide Internet services. In the late 1980s, Intel and Japan’s NEC were embroiled in one of the most bitter court battles with Intel accusing NEC of illegally

TiE Bangalore chapter to open

By : CIOL Bureau

BANGALORE: The first Indian chapter of The IndUS Entrepreneurs (TiE) has been informally started in Bangalore. TiE chapters in India will aim to replicate the success of the original model in the US, which has inspired and nurtured many a

IBS, Atraxis to set up a joint venture

By : CIOL Bureau

BANGALORE : The International Business Services (IBS) group, specializing in software services to the global air transportation industry, and the Zurich-based Atraxis AG have signed an agreement to set up a joint venture for taking up offshore software development services.

IBM and Dell in another $6 b. deal

By : CIOL Bureau

IBM won another multi-billion service contract from Dell Computer, which will pay IBM $6 billion over the next seven years to service high-end PC and server systems and networks Dell sells to customers in the United States and elsewhere. Dell

Polaris Software gets listed on BSE

By : CIOL Bureau

BANGALORE: Polaris Software Ltd. was listed on the Bombay Stock Exchange at a premium of Rs 378 per cent to its issue price of Rs 210. The company’s shares opened at Rs 588 and after having traded between Rs 560

IBM’S Java chief to head Sun’s software operations

By : CIOL Bureau

Patricia Sueltz, the former head of IBM’s Java software business was appointed this week as the new president of Sun Microsystems’ software group which includes the Java and Solaris operating systems. Sueltz is taking over from long-time Sun executive Alan

HP selected by Holy Cross Health System for IT Service Management

By : CIOL Bureau

BANGALORE: Hewlett-Packard Company has announced that Holy Cross Health System Corporation (HCHSC) has deployed the HP OpenView suite of enterprise-management solutions to manage its IT service-management operations. HP OpenView solutions, significant portion of which is developed at Hewlett-Packard India Software

Compaq rolls out first commercial desktop PC integrated in India

By : CIOL Bureau

BANGALORE: Compaq India delivered the first commercial desktop personal computer, the Compaq DeskPro EP, integrated in India. The first Compaq DeskPro was formally delivered to M/s Titan Industries Ltd. and the system with serial number 1 was received by Titan

CIA sets up VC fund to develop information and spy technologies

By : CIOL Bureau

Silicon Valley, James Bond, the Central Intelligence Agency (CIA). In what would seem like something that could only be dreamed up in a Hollywood spy movie, America’s top spy agency has set up a venture capital shop on Sand Hill

Blue Star infotech spin-off delayed

By : CIOL Bureau

Blue Star’s proposal to demerge its international software division into a separate company, Blue Star Infotech Ltd, has been delayed due to a lengthy legal process yet to be completed. Blue Star Ltd. Chairman and Chief Executive Ashok M. Advani

AOL working out cable access pact with AT&T, Excite@Home

By : CIOL Bureau

After spending $10 billion to acquire Netscape, AOL is in negotiations with Internet portal Excite@Home. AT&T, the largest shareholder of Excite@Home is reportedly involved in the deal that could include provisions to let AOL offer its services over AT&T cable

Amazon offers cyber shelf space to small merchants

By : CIOL Bureau

BANGALORE: Online retailer Amazon.com Inc said it will open its cyber-storefront to small merchants as one of several new services intended to speed customer payments to small businesses and speed the search for goods sold on the World Wide Web.

Wipro bags award

By : CIOL Bureau

BANGALORE: Wipro Ltd. has been selected for the 1999 Alexander Hamilton Award for excellence in Treasury Management under the investors relations category. The award is being given for creating shareholder value by restructuring Wipro Corporation, merging Wipro Infotech Ltd. and

Nortel aims to make Web traffic jams obsolete

By : CIOL Bureau

BANGALORE: Nortel Networks Corp. said it was developing a speedy networking product that aims to make many Web traffic jams obsolete. Nortel, the makers of communications gear will bundle five products into a new package, will be available late next

Nasscom demands ease in policy for overseas acquisitions

By : CIOL Bureau

BANGALORE: National Association of Software and Service Companies (Nasscom) has demanded further liberalization in Government policies on acquiring software companies overseas. In a release, Nasscom President Dewang Mehta said, “We have requested Ministry of Finance to liberalize its policies and

Intel sets up Internet data center

By : CIOL Bureau

BANGALORE: Intel Corp. has said that its first data centre providing Internet hosting services for corporate customers is up and running. It also announced partnerships as part of its new foray into the fast-growing Web hosting business. Intel is investing