Thursday 25 November: Roundup of the IT news from the national and international press.
The Daily Telegraph reports that Vodafone chief executive, Chris Gent, yesterday revealed his fears that his own company could become a takeover target if its bid for Mannesmann is rejected. In an interview with a German weekly Gent said if the companies did not join up, they could be both swallowed by US companies.
Eidos has revealed losses of £37.9 million, citing low sales and heavy investment in new titles as the cause, writes The Guardian. The computer games company said it hopes better technology in games consoles will help it attract new groups of consumers.
USA Today reports that most Americans are increasingly less concerned about potential Y2K computer glitches. Around 38 per cent of a USA Today/National Science Foundation poll said they thought financial services could be troubled and only a third expected problems with air traffic control. However the poll did reveal that the number of people taking precautions has risen in the past few months.
The Financial Times writes that US companies Cisco, Oracle, Sun Microsystems and Exodus have announced a £5 million scheme providing computer hardware and software support to UK Internet start-ups. vnunet.com first reported this on 14 September. see story
UK bank Robert Fleming Holdings has said it is to raise $60 million for a Russian microprocessor designer, Boris Babaian, to produce a new chip that could rival products by Intel, reports The Wall Street Journal. Babaian and his company, Elbrus International, are looking for investors to help finance the design of a chip based on E2K microprocessor technology.
Internet company Freeservewill raise its stake in US based Internet telephony company Telepost to 57 per cent, writes the Financial Times. The company added a further $19 million to the $10 million invested in June. Telepost provides Freeserve users a service called Telserve enabling conference calls with up to six callers.
Microsoft receives a 30 per cent cut of all purchases on the Xbox digital store
Credit card thieves used Apple ID accounts to buy and sell virtual currency for Clash of Clans and Clash Royale and Marvel Contest of Champions
$5.1bn fine further evidence that the EU is anti-US, claims Trump
New cable will connect Virginia to France