Tech

Nadar steps down as NIIT chairman

By : CIOL Bureau

NIIT founder and chairman Shiv Nadar has stepped down as chairman of the company and has passed the baton on to Rajendra Pawar, the vice-chairman and MD. Mr Pawar will now be the executive chairman of NIIT. The change will

Seagate introduces new technology for data protection

By : CIOL Bureau

Seagate Technology Inc. has introduced SeaShell a new packaging technology that can protect disc drives from over 1,000 Gs of shock, shield drives from electrostatic discharge (ESD) and reduce failure caused by handling damage by as much as 70 per

Kale Consultants maiden public offer oversubscribed

By : CIOL Bureau

Pune-based Kale Consultants’ maiden public offering has been oversubscribed more than 50 times, according to initial estimates. Kale offered 31,87,500 equity shares at a premium of Rs 110 per share, aggregating Rs 38.25 crore. The application money was fixed at

Alarming signals to cellular operators

By : CIOL Bureau

The recent market developments cast doubts on the big expectations of cellular operators

‘Vasudhaiva Kutumbakam’: an Internet reality

By : CIOL Bureau

This Indian saying has been realized in the way the Internet has managed to make the world a global village. And, India Internet World 99 is a step to bring India prominently on the map. Being ranked the largest Internet

Satyam Infoway files for ADS offering

By : CIOL Bureau

Satyam Infoway Ltd. has filed a registration statement with the United States Securities and Exchange Commission for a proposed offering of American Depository Shares (ADSs) representing equity shares of the company. The registration statement relates to a proposed offering of

Godrej launches its ‘Y2C’ series of copiers

By : CIOL Bureau

Prima Division of Godrej & Boyce Mfg Co Ltd launched the Y2C series of copiers. The products have been sourced from Rex Rotary owned by NRG International. The product range launched comprises 5 analogue and 7 digital models. These copiers

GE & Spares launches Crestron’s single button control system

By : CIOL Bureau

General Engineering & Spares unveiled a control system by Crestron in India. It is a system specially designed to integrate the audio, video and other environmental systems and can be controlled by a single button. The system is designed and

Ford India launches New Web site

By : CIOL Bureau

Ford India Ltd. has launched an informative, interactive web site, accessible at the address www.indi.ford.com. The new web site, designed on the latest Flash Animation Technology, promises to be a visual treat for net surfers. The site will provide in-depth

Hughes Software Systems announces IPO plans

By : CIOL Bureau

Communication software company, Hughes Software Systems has announced plans for its initial public offering (IPO). The offering will include a public issue of 875,000 new shares and sale by existing holders of 3,500,000 equity shares (jointly referred to as the

Second Linux publisher to go public

By : CIOL Bureau

Trying to ride the tide of investor interest in Linux software company stocks, LinuxOne announced it is planning to go public in the next three to six months. LinuxOne has been selling its version of Linux for less than one

New Walkmans have “memory stick”

By : CIOL Bureau

On the 20th anniversary of the launch of Sony Walkman, the Japanese consumer giant this week unveiled its next-generation Walkman systems, products that will include a so-called "memory stick" that can store MP3-based music that consumers can download from Web

Sun claims half million StarOffice downloads

By : CIOL Bureau

Trying to keep up the hype surrounding its purchase of StarDivision and its StarOffice product line, Sun Microsystems said more than 500,000 people have downloaded the office suite in the past two weeks. Sun chief Scott McNealy said 40,000 copies

Cisco adds Webline to portfolio for $325 million

By : CIOL Bureau

Cisco Systems dished out another $325 million this week for its latest acquisition. This time, Cisco said it had bought closely held Webline Communications, which develops software for advanced e-mail routing, such as allowing companies to track incoming customer e-mails

AMD may produce G4 chips in Dresden

By : CIOL Bureau

Advanced Micro Devices (AMD) may have trouble making money from its Intel-based processors, the company could soon be reaping in a handsome gain from making PowerPC chips. Motorola is reportedly in talks with AMD to use some of its most

Apple stock sinks on G4 PowerPC shortage

By : CIOL Bureau

Apple Computer’s shares took a plunge on Wall Street after the company reported that Motorola has not been able to put the new G4 PowerPC in high-volume production. As a result, Apple is unable to meet the sky-high demand for

3Com has strong quarter

By : CIOL Bureau

3Com put in a strong performance during its just-ended first quarter of fiscal 2000, saying profits rose 38 percent on strong demand for the Palm handheld computers. 3Com said it earned $119.3 million on operations, up from $86.7 million in

IBM to open eight centers

By : CIOL Bureau

International Business Machines Corp (IBM) plans to open eight centers across the globe in the next six months to help companies tie together disparate computer systems, to extend its powerful position in e-business. With the rapid expansion of the Internet,

Xerox buys Tektronix

By : CIOL Bureau

 Xerox has agreed to buy the color printing firm Tektronix for $950 million in cash, making it the No. 2 player in office color printers behind Hewlett-Packard. "This acquisition–the largest of its kind in Xerox history–combines the strength of the

IBM to manufacture computers in India

By : CIOL Bureau

IBM India, whose launch has been formally announced, was looking at setting up assembly and manufacture of business computers in the country. Initially, the company would be doing this out of its distribution facility in Pondicherry, said IBM India &