Philips Electronics NV is still looking for ways to make its Compact Disk-interactive players a hit, and the latest is a modem to enable users to get onto the Internet via the box and their television: the CD-i user can also send and receive electronic mail anywhere in the Int ernet world through an easy […]
Philips Electronics NV is still looking for ways to make its Compact Disk-interactive players a hit, and the latest is a modem to enable users to get onto the Internet via the box and their television: the CD-i user can also send and receive electronic mail anywhere in the Int ernet world through an easy to connect soft keyboard on the TV screen, Philips Media said; the modem will be introduced on the UK market at ú100 in October and other European markets soon after; the Internet browser on the system was developed by Philips and it will also be the access provider.
Hutchison Telecommunications UK Ltd, operater of the Orange Personal Communications Network, says it hopes to wean itself off project financing from founder shareholders Hutchison Whampoa Ltd and British Aerospace Plc – which has about 31.5% – with a long-term debt financing deal by the end of the year: the company told Reuters the company is starting to talk to banks to put together a debt package but denied reports that it is considering any share flotation at such an early stage in its development; Orange now has over 230,000 subscribers and the network currently reaches 80% of the UK population.
French media group Havas SA says it has been invited by Turner Broadcasting System Inc chairman Ted Turner to join it in a bid for CBS Inc, and that it is considering its response – the New York Times believes that Havas is willing to invest more than $1,000m in Turner Broadcasting to help it trump the Westinghouse Electric Corp bid for CBS, which is valued at $5,400m; Turner declined to comment on the Times story (real Times, not MS-Times) and would not comment either on an Atlanta Constitution report that it was close to winning an investment of at least $1,000m from Microsoft Corp for its war chest.
IBM Corp was just teasing when it held out for the best possible terms for pre-loading Microsoft Corp’s Windows95: it announced just as Microsoft was announcing the thing that it would pre-load it on its Aptiva, PC 300 and 700 Series and ThinkPad mobile computers, but the time it has taken to reach a deal means users will have to wait until next month if they must have an IBM machine to run Windows95.
Acer Group Ltd, Taipei reported a 73% rise in first half net profit to the equivalent of $150m on turnover that rose 76% to $2,390m.
Microsoft Corp has shipped between 8m and 10m copies of Windows95 into retail channels, Mike Kwatinez, a Paine Webber Inc analyst, reported, adding that he had originally estimated that Microsoft would ship 6m.
The UK Office of Telecommunications has ordered British Telecommunications Plc to explain its per-second pricing more clearly, and make public the full cost implications for all consumers: Telecommunications Director General Don Cruickshank wants full comparison of before and after tariffs and the frequency of calls by length of call, he said; a key issue is that the firm has not been explicit enough that the miniumum charge is fivepence per call.
Gossip that Sega Enterprises Ltd may be negotiating to buy all or some of 3DO Co pushed 3DO shares up $1.1875 to $13.125 but analysts say they have heard no substantiation and Sega of America is denying it.
IBM Corp last year shipped 228,000 copies of OS/2 to the server market, almost twice the number of copies of Windows NT’s server version shipped by Microsoft Corp, but International Data Corp forecasts that the gap will narrow this year as NT Server ships 235,000 copies, and that next year NT will come close to catching up OS/2 Server, even last year, sales of database software to run under NT soared 282% last year, while sales of OS/2 versions of the programs fell 12% in a market that grew 56%, says the Framingham, Massachusetts company.
There are still about another 10 that are pending, but Oakbrook Terrace, Illinois-based Platinum Technology Inc has completed two of its many proposed acquisitions, Altai Inc for about 1.1m shares worth $23m, and Trinzic Corp for a rather more substantial $150
m in shares.
Milpitas, California disk controller specialist Adaptec Inc has completed its acquisition of Incat Systems Software USA Inc, Campbell, California developer and marketer of application and input-output software for recordable Compact Disks: Adaptec paid 385,078 new shares of Adaptec worth $16.6m, plus future payments if pre-set performance criteria are achieved.
An undersea cable principally funded by Telefonica de Espana SA is to start carrying commercial traffic on September 10 between the UK, Spain, Belgium and the Netherlands.
The superstitious say that Microsoft Corp is really tempting fate by choosing a Rolling Stones record to launch Windows95, because for years now, Stones singles have made their highest position on the charts in their week of entry, and then disappeared from the chart within about three weeks – so was the feeding frenzy at the end of last week the zenith for Windows95, sales, presaging a slow fading of sales week by week from here on in?
In an attempt to boost the sagging fiscal fourth quarter figure seen by its personal computer division Digital Equipment Corp cut the price of its Venturis and Celebris GL Pentium desktops by between 6% and 17%: Venturis models will now cost from $1,700 to $2,600 and Celebris GLs will be between $1,900 and $3,100; it also cut 30% off the HiNote and HiNote Ultra notebooks.
Colorado Springs, Colorado-based Ramtron International Corp has had its debt restructuring plans blown off course by a rise in its share price: its official joint creditors committee filed an objection to the approval of its debt restructuring agreement, having approved it in a letter dated July 31; if Ramtron is unable to close the restructuring by August 31 – Thursday – it will be delisted from the Nasdaq system.
Computer 2000 AG has completed its $49.25m equity investment in Santa Ana, California-based AmeriQuest Technologies Inc: the investment consists of an $18m debt conversion and a $31.25m cash infusion, and Computer 2000 co-president Steve DeWindt becomes the new chairman and chief executive of AmeriQuest.
Phonelink Plc says its one-for-eight rights issue at 170 pence raised about ú7m net of expenses; take-up represented 90.9% of the issue; the balance was placed with institutions also at 170p a share.
The company resulting from the merger between Stet SpA’s manufacturing subsidiary Italtel SpA and Siemens Telecomunicazoni SpA will have approximate turnover $1,500m and will be named Telsi Italia SpA.
Move over Cyberia, Germany has its first cybercafe in Berlin: X-Press, a trendy spot in the middle of the city provides its customers with workstations that provide them with access to the World Wide Web.
San Jose-based Bay Networks Inc, developer of computer networking systems, plans to invest $18m in new facilities in Australia: the project, under the government’s fixed-term incentive programme, will create 85 jobs over four years, according to industry, science and technology minister Peter Cook, and is expected to earn some $291m in exports through partnerships with Australian companies; the company said it will set up regional offices to service Australia and the Asia-Pacific region.
And Computer Associates International Inc will invest $40.6m in Australia on Asia-Pacific regional facilities and business partnerships, Australian Industry Minister Peter Cook said: the company will provide export-related activities regional centres for technical support, training and consultancy.
Chicago-based Baby Bell Ameritech Corp plans to expand its presence in the high-growth security monitoring business by buying The National Guardian Corp: the company filed with the District Court of Columbia for an expedited waiver to acquire National Guardian, a wholly owned subsidiary of LEP Group Plc, which had 1994 turnover of $213m.
Palo Alto-based Varian Associates Inc will invest about $10m on extra manufacturing space and capital equipment at its Ion Implant Syste
ms business in Gloucester, Massachusetts: the first phase will fund an additional 20,000 square feet of manufacturing space at the Gloucester facility to house a final assembly and test area; following its scheduled completion by the spring of 1996, Varian Ion Implant’s existing final assembly and test facility will also be upgraded to the same level as the new space; it will add 100 jobs to the 900 there.
Ross Systems Inc is in talksabout potential settlement of securities litigation brought against it in January 1994: the company said it estimated its contribution to any such settlement would be in the range of 400,000 to 500,000 new shares of its common stock, but the firm warns that no accrual for such a settlement has been included in its recent financial statements.
Convex Computer Corp and Hewlett-Packard Co have launched a joint Co-operative Technology Centre, located at Hewlett-Packard’s European headquarters in Bblingen, Germany: Hewlett-Packard said the centre will provide consulting and technical services for customers of Convex’s Exemplar scalable parallel processor systems, based on Hewlett-Packard’s Precision Architecture RISC and compatible with the HP-UX Unix; a 16-processor Convex SPP1000/XA system will be available for benchmarking, software tuning and other pre-sales activities.