Chinese street traders are making a mockery of Government claims that it has stamped out software piracy in the region, the South China Morning Post has reported.
Shops are again openly selling cheap pirated software in computer arcades in areas of South China and Hong Kong, with copies of Microsoft Office 2000, Windows ME and other applications on offer for HK$40 or less (about £3.50), according to the region's Business Software Alliance (BSA) office.
The BSA also predicted that Microsoft's forthcoming Windows XP operating system would become available through the Hong Kong pirates almost immediately after its official release.
Local Government officials recently declared that a series of raids had removed 98 per cent of pirated software from the streets.
Amazon shares surge as losses narrow
Shares in Amazon rose by 34 per cent to $11.18 yesterday after the online retailer said losses would be 25 per cent lower than was expected by analysts.
Amazon said that its net loss for the first three months of the year is expected to be less than $255m. The figures compare to a similar loss of $90.4m for the last three months of 2000. In January, the company said it would cut 1300 jobs in an attempt to become profitable by the end of this year.
Vignette beats expectations
Ecommerce software company Vignette said yesterday that its first-quarter results would beat Wall Street forecasts by $7m, triggering an eight per cent rise in the firm's share price.
Following a string of warnings from rival firms, Vignette's report that it would make a slight loss on revenues of $90m for the three months to the end of March is being greeted as a small victory. Vignette said it had spotted the slow down earlier than most and began to cut costs in January.
Psion suffers on Symbian whispers
Shares in Psion yesterday reached a three-year low of around 85p over reports, denied by the company, that its planned flotation of its Symbian software venture would be severely delayed. No date has been set for the float, but it is expected early in 2002.
Boris the robot outed as man in rented robot suit
Mission will provide vital data about the performance of rocket, spacecraft, autonomous docking system and the landing system
The flight will take off from California's Mojave Air and Space Port and could happen as soon as 13th December
Earth was showered with heavy particles called muons, which could have caused mutations and cancer in animals