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News in brief

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CIOL Bureau
New Update

Caltiger.com launches Web TV



KOLKATA: Caltiger.com, a private ISP, has introduced Web TV in India. Web TV is
a revolutionary medium for TV channels to target customers on the Internet. Web

TV combines the visual effects of TV with the interactivity of Internet, making

it one of the most interesting and exciting applications on net. The key

features of the Web TV are its screen size, video-audio quality which is of the

highest possible standard and interactivity meaning that surfers would be able

to interact with advertisements and post their views. Windows Media player will

be used to serve the channels to our users. Web TV can be accessed from the

buttons available on the Caltiger adbar that would be hot-linked to a particular

web property of the channel partner The movies would be replicated in all the

servers across the country. The display size for screening of these movies is

240X180 pixels. -CNS

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Cognizant to invest Rs 75 cr in Kolkata



KOLKATA: The e-business and applications company Cognizant Technology Solutions
(CTS) will be investing around Rs 75 crore to expand its development center at

Kolkata as one of their major centers in India. "Major portion of the

investment would be in infrastructure creation and building construction.

Considering the positive working environment that the city offers like good

entry-level people, low infrastructure cost and satisfactory power situation we

want to develop the center into one of its prime centers in the country,"

said Cognizant Technologies vice president operations, Siddhartha Mukherjee. CTS

is setting up its own intelligent building in the electronics complex of Kolkata

that would cover an area of 3.5 acres. —CNS

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NIIT completes 500th course for NETg



NEW DELHI: NIIT, the $ 270 million IT Solutions and Training company, has
just completed a significant milestone of developing the 500th course for NETg,

a leader in technology based learning programs. NIIT has been creating NETg's

SkillBuilder products for the past 6 years," said senior vice president and

head of NIIT's Knowledge Solutions business, Ashish Basu. "The strength of

this relationship will be leveraged further to provide world class knowledge

products to customers," he added. NIIT, which has been distributing NETg's

technology based training, has as part of portfolio review de-emphasized 'high

revenue-low margin' System Integration & Product Distribution business. —CNS



Adobe ships acrobat software for Palm OS



SAN JOSE: Publishing software maker Adobe Systems Inc. on Tuesday said it had
begun shipping its popular Acrobat Reader document-sharing software for Palm OS

hand-held computers. The release comes as business and leisure users of

so-called personal digital assistants, or PDAs, are demanding content that is

easy to read on the devices' smaller screens. "Corporations are

experiencing rapid growth in the use of PDAs in the enterprise, both for

personal information management and vertical processes, such as sales, service

and marketing," Tim Hickernell, senior program director of the META Group's

Web & Collaboration Strategies Service, said in a statement. San Jose,

California-based Adobe said the software is available free of charge at http://www.adobe.com/products/acrobat/readstep.html.

-Reuters





Islamic firms to set up $50mln tech fund in Bahrain



MANAMA: Two Islamic investment firms said on Tuesday they were setting up a $50
million fund in Bahrain to invest in technology companies. The Islamic

Corporation for the Development of the Private Sector (ICD), a unit of

Jeddah-based Islamic Development Bank, and Bahrain-based Gulf Finance House (GFH)

will each invest $12.5 million in the Injazat Technology Fund, GFH said in a

statement. The remaining $25 million would be offered to investors from Tuesday,

it added. The statement said the fund, which will be set up in Bahrain and

managed from Dubai Internet City in the United Arab Emirates, aims at obtaining

a significant stake in technology firms in the Gulf, Middle East and North

Africa. -Reuters

Compaq funds Surebridge



SAN FRANCISCO: Compaq Computer Corp. joined a $20 million investment in
Surebridge Inc., the application service provider said on Tuesday, adding it now

will use Compaq servers and storage systems for its infrastructure. Lexington,

Massachusetts-based Surebridge, which sells ASP services to mid-market

companies, said Tuesday's funding package included $15 million committed cash

and a $5 million line of credit to expand sales and marketing and to reinforce

operations. Surebridge also said that effectively immediately it would operate

Compaq-brand infrastructure systems for its mid-market customers' enterprise and

hosting services, currently for about 70 clients. Surebridge chief executive

Stephanie Khurana told Reuters that her company's most recent financing, which

brings the total it has raised to $51 million, likely will be its last, and that

the company likely will be profitable within a year. -Reuters

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