Wednesday
Feb 28 2001
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Intel’s first single-chip ethernet node
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INTEL has unveiled the world’s first single chip Gigabit Ethernet controller, an advanced semiconductor device that helps direct flow of data across networks.
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STAR, others announce hefty subscription hikes
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A CLUTCH of pay channels led by STAR have announced hefty hikes in subscription rates. STAR's bouquet of half a dozen channels, earlier priced at Rs 24 per month per subscriber, will now cost Rs six more at Rs 30 a month from March 1 -- a 25 per cent hike.
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VSNL divestment advisory fee settled at 0.25%
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 ADVISORY fees have hit bottom with investment banks agreeing to settle for 0.25 per cent fees for the Videsh Sanchar Nigam divestment. The government, which is offering 25 per cent of its equity through a strategic sale which could fetch well over Rs 3,000 crore, has indicated that it would pay a 0.25 per cent fee and some investment banks do not seem to mind.
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TIS to set up public Net cafes along with BP
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PETROL pumps will now be home to swanky cyber cafes. Tata Internet Services, a company promoted by Tata Industries, has plans to set up internet cafes in petrol pumps (or petro-outlets) owned by Bharat Petroleum, all over the country.
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Toshiba may buy into AOL Warner
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TOSHIBA Corp is interested in taking an equity stake in AOL Time Warner as part of a broader technology alliance that the companies are discussing, said its president, Tadashi Okamura, according to the Tuesday overseas edition of the Financial Times newspaper.
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Mitsubishi unveils top-of-the-line handset
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MITSUBISHI on Tuesday launched top-of-the-line handset -- Mondo -- in India and re-pricing of its existing models to capture a wider consumer base.
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Intel to talk up new chips despite flagging demand
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INTEL Corp, the world’s largest computer-chipmaker, will do its best to drum up interest this week at a semiannual conference for its newest chips even as slowing worldwide economies have put a sizeable dent in demand for personal computers.
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Mascon to take over Maars Software
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MASCON Global has expressed willingness to acquire Maars Software International. Boards of both the Chennai-based companies are meeting separately on March 2 to consider the merger or amalgamation proposal.
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MTNL signs 6,000 ahead of Mumbai cellular launch
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MAHANAGAR Telephone Nigam Ltd has received 6,000 applications from Mumbai for its cellular phone service, a senior company official said on Tuesday.
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BSNL abolishes duration charges for I-Net
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BHARAT Sanchar Nigam on Tuesday announced the revision of tariffs for its terrestrial public data network, I-Net, abolishing the duration charges and offering access to nearest node on local call charges, with effect from March 1.
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CA to farm out core orders to Indian JV
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THE $7-billion Computer Associates International Inc, the world’s largest business software company, will shortly farm out core product development contracts to Computer Associates-TCG Software Ltd — its 51:49 Indian JV with Purnendu Chatterjee’s The Chatterjee Group.
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Commerce One to launch e-market
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COMMERCE One is planning to launch its e-marketplace Gate2Biz.Net by June, which would be connected to global trading Web.
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Rs 2,000cr needed for upgrading IT education
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OVER Rs 2000 crore investment will be required over the next seven years for upgrading technical education system in the country, the taskforce on human resource development in information technology has said.
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Indian cellphone market promises huge growth
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INDIA could become one of the top markets in Asia for mobile phone companies over the next five years, an official from Mitsubishi Electric Telecom Europe said on Tuesday.
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Sidbi VC sanctions to touch Rs 45cr by April
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SIDBI Venture Capital Fund on Tuesday said its gross sanction for infotech companies would touch Rs 45 crore by the end of the current fiscal.
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Net retailer eToys will file for bankruptcy
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 ETOYS, the beleaguered internet retailer that has seen its stock go from Wall Street darling to the dumps, said Monday it will file for bankruptcy protection within the next five to 10 days.
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Deutsche Tele shareholders sue company chiefs
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SHAREHOLDERS in Deutsche Telekom filed a lawsuit on Tuesday accusing CEO Ron Sommer of misleading investors and threatening to seek damages from Germany's dominant phone company because its shares have plunged.
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Voice portals aim to build new telecom hub
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ADAM Burg used to lug his laptop computer to the mountains on his frequent skiing trips so he could log on to the internet and check the latest weather reports. Now all he needs is his cellphone.
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Vodafone increases stake in Japan Telecom
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GLOBAL mobile giant Vodafone Group on Tuesday announced it was buying an additional 10 per cent stake in Japan Telecom from AT&T for $1.35 billion, lifting its stake in the Japanese carrier to 25 per cent.
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AOL-Time Warner accounts for third of online time
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AOL Time Warner internet sites accounted for nearly one third of all time spent online in January in the US, with most Web users spending more time on AOL properties than Time Warner's properties, according to a report to be released by Jupiter Media Metrix on Tuesday.
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Sun to unveil a sub-$1,000 Unix workstation
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SUN Microsystems will unveil on Tuesday its first Unix workstation priced less than $1,000 as it tries to regain ground lost to competitors.
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Conglomerates dominate S Korea's Net market
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DESPITE months of hunting for people to invest in his online consulting company, Park Nam-shik found no takers. The 35-year-old marketing professional closed up shop on New Year's Eve. He's been out of a job since.
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Vodafone, China Mobile in cooperation pact
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BRITISH Telecommunications giant Vodafone Group and China Mobile's listed company in Hong Kong signed a cooperation agreement, the two companies said on Tuesday.
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