Tuesday 26 October: Roundup of the IT news from the national and international press.
The phone revolution is booming in Britain with cell phone growth racing at an 80 per cent annual rate, reports Business Week. The next challenge for European operators will be to sell a host of services from phone banking to video conferencing, the report claims.
USA Today reports that Ron Harris, the international fashion photographer, has launched a website auctioning ovarian eggs for up to $150,000 from some of the sexiest models and actresses. The site is expected to transform the fertility business and has received criticism for supporting unethical human genetic engineering.
A Consumer Reports review of 25 retailers in the US reveals that Internet shopping sites lack information about security, return policies and shipping costs and have poor organisation, writes the San Jose Mercury. Analysts have said the report is fair as the ecommerce industry is still in its early stage, but suggest the Web will soon offer better guidance for individual customers.
Liffe, the futures exchange, has brought forward its move online by four months, writes The Daily Telegraph. The early closure of its short interest rate pit has angered floor traders but is an attempt to speed up the transfer process. Around 60 per cent of short term interest rate products are traded via Connect, the electronic system, although only 30 per cent of the major sterling contract has shifted over.
The Financial Times reports that the Italian government's IPO Enel drew one million subscribers in its first day. The figure is much higher than the government had expected and suggestions are that up to four million people could participate in the offer by Friday.
[email protected] has said it will pay about USD788 million in cash and stock to buy the electronic greetings card company Bluemountain.com, reports The Wall Street Journal. The company has said it will issue 11 million shares of stock valued at about USD438 million and pay USD350 million in cash for the card site of Blue Mountain Arts.
The Financial Times writes that shares in Thus, formerly Scottish Telecom, will be priced between 235p and 285p. The company will be floated in London next month and expects to receive a net GBP315 million from the sale. The sale will be used to repay company loans of GBP236 million to Scottish Power.
Allen died from complications of non-Hodgkin's lymphoma
Stanford researchers made the discovery via data from Greenland
Created via a thin, flexible, and transparent hierarchical nanocomposite film
Rolls Royce will use AI powered by Intel's Xeon Gold processors and SSDs for memory