Wednesday 29 September: VNU Newswire's roundup of the IT news from the national and international press.
Deutsche Telekom has joined up with UK operator Iaxis in a $50 million (£30 million) deal, writes The Daily Telegraph. Iaxis will provide a European wide transmission network for high speed voice and data services to Deutsche. The companies plan a $300 million flotation in both the UK and US next year.
The Financial Times reports that the Financial Services Authority will update its regulations after admitting that its rules were out of date to handle Internet and ecommerce issues. The FSA will keep the same principles, such as consumer protection, but will look at changing the rules so they are compatible with the Internet.
Sega will offer Dreamcast users the ability to trade stocks online, writes the Financial Times. A joint venture between Sega Enterprises and Normura Securities will for the first time allow an online trading service to be available through a video games console. The service will be launched next month to Dreamcast users in Japan.
The Institute of Directors has said that half of British directors are technophobes, writes The Guardian. A survey of senior managers revealed that 50 per cent of the directors had not or did not intend to attend a technology meeting. In a venture with Oracle and Cisco, the IoD has started a campaign among British firms urging them to change their strategies. The campaign will outline the importance of the Internet and ecommerce.
Alaska Airlines is to offer an Internet check in system at airports reports The New York Times. The company is currently testing a new online check in system and is expected to offer the system in October to travellers who have bought tickets on its Web site and are flying on its domestic routes. Alaska Airlines plans that eventually all travellers who have purchased electronic tickets and who are flying anywhere on the airline's route system will be able to check in on line.
Ebay, the online auctioneer, has changed the terms of its user agreement to prevent anyone from collecting information about auctions without its permission, reports the San Jose Mercury. Ebay made the move to block copy cat auction services from using its data but has earned criticism from freedom of speech advocates.
The Wall Street Journal writes that Bill Gates's stake in Microsoft has fallen from 22 per cent to 15.3 per cent this year following donations to charity. According to documents at the U.S. Securities and Exchange Commission, Gates now holds just over 787 million shares of Microsoft, compared to the 1.03 billion shares he held last year. Earlier this month the Gates Foundation announced it would provide $1 billion to fund college scholarships for minority students.
The New York Times writes this week that the US Central Intelligence Agency has established a venture capital company to nurture high tech companies. Called In-Q-It in reference to the famous Bond character Q, the non profit unit will look for new ideas in the fields of data mining, privacy and security, the paper reports.
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