Topic: Corporate News
The new items published under this topic are as follows.
August 4 2003 /Wi-Fi Technology News/- Around 4,000 of Bolton Metropolitan Borough Council?s staff regularly use IT systems to enable them to provide essential services to over 261,000 local residents. In order to focus on its core business, Bolton MBC has outsourced its desktop, server and mid-range infrastructure along with email, network support, internet access, applications and helpdesks used by the council employees to Fujitsu Services, in a contract worth ?13 million over the next seven years.
Eur 1 billion in cost reductions, 2,300 jobs to be cut
August 4 2003 /Wi-Fi Technology News/-
Given the sustained weakness of the market, Siemens mobile, the mobile communications arm of Siemens AG, intends to take steps to increase its productivity. These steps call for an additional ? 1 billion in cost reductions throughout the entire group by year-end 2004. The intended adjustments to its resources also include a reduction in force. Some 2,300 jobs, including 500 in Germany, are slated to be cut by the end of the coming fiscal year. Details are currently being discussed with the appropriate committees and other bodies. At the same time, the group intends to expand its market share in mobile communication networks through further investments in UMTS. ?The world market for mobile communication networks had already declined by 15 percent last year.
Revenues of $31.0 million; Company Achieves Breakeven Operating Cash Flow
Tel ? Aviv, Israel, July 30, 2003 ? Alvarion Ltd. (NASDAQ: ALVR), a leading provider of Wireless Broadband solutions for carriers and service providers, today announced financial results for the second quarter and six months ended June 30, 2003.
U.S. District Court Issues $4.26 Billion Judgment Against Uzan Family of Turkey for Perpetrating Massive Global Fraud
Landmark Decision Supports Motorola Claim That Defendants ?Perpetrated a Huge Fraud?
Motorola To Continue Pursuing All Actions Necessary To Stop Uzans
From Further Perpetrating Global Fraud
Schaumburg, Ill., July 31, 2003 ? Motorola, Inc. (NYSE:MOT) today announced that the Honorable Jed S. Rakoff of the United States District Court, Southern District of New York issued a $4.26 billion judgment against the Uzan family of Turkey for perpetrating a massive fraud against Motorola. Further, Judge Rakoff found the defendants in contempt of court and ordered that: ?unless and until defendants purge their contempts, the individual defendants, if found within the jurisdiction of the United States, will be immediately arrested and held in confinement until such time as they comply with the directives of the Court?s? prior orders.
Purchase Enhances TI's RF Capabilities for Multi-band 802.11 Products
DALLAS (July 30, 2003) - Texas Instruments Incorporated (TI) (NYSE: TXN) today announced that it has acquired Radia Communications, Inc. Based in Sunnyvale, California, Radia is a fabless semiconductor company specializing in the development of radio frequency (RF) semiconductor, subsystem, signal processing and networking technologies for 802.11 wireless local area networking (WLAN) multi-band/multi-mode radios. TI's customers now have a single source for their WLAN media access controller (MAC), baseband and RF, reducing their time to market for 802.11a/b/g products and for broadband, wireless and consumer devices that include 802.11.
EVERETT, Wash., July 29, 2003 ? Leading supermarket retailer Tesco has announced it is to purchase nearly 10,000 of Intermec?s market leading handheld computer device, the 700 Series Color, for use throughout its UK store network. A powerful, reliable and easy-to-use handheld computer, the Intermec 700 Series Color offers exceptional flexibility and functionality designed for supplying real-time information across businesses.
Monday, July 28, 2003 /LANSING, MICHIGAN , US - G.E.E! Communications, Inc. announced today that it has been certified as a Gold BusinessPartner by Avaya (NYSE:AV), a leading global provider of communication networks and services to businesses. G.E.E! Communications sells Avaya communications systems, in addition to Avaya's network design and implementation services, to businesses nationally.
SAMSUNG Named the Fastest Growing Global Brand Second year in a Row by Interbrand
- SAMSUNG Brand Value More Than Doubles in Three Years - Leading Growth Among Top 100 Global Brands
- SAMSUNG Brand Value is US $10.8 Billion, a 31 Percent Increase From 2002
SEOUL, KOREA - July 25, 2003- Interbrand, the world?s leading brand consultant, has ranked SAMSUNG?s brand the ?fastest growing? in the world for the second year in a row. In only three years time, SAMSUNG?s brand value has more than doubled from $5.2 billion in 2001 to its current $10.8 billion. Interbrand?s annual survey of the top 100 global brands ranks SAMSUNG as the world?s 25th largest brand, up from 34th place in 2002 and from 42nd place in 2001. SAMSUNG is part of an elite group of multinationals whose brands comprise premium mind share with consumers, thought leaders and retailers worldwide.
Net Revenues Up 24 Percent
Comparable Store Sales Grow 8 Percent
Net Earnings Increase 23 Percent
Company Sets Aggressive Targets for Fiscal Year 2004
Starbucks Corporation (Nasdaq:SBUX) today announced revenues and earnings for its fiscal third quarter ended June 29, 2003.
For the 13 weeks ended June 29, 2003, consolidated net revenues increased 24 percent to $1.0 billion from $835 million for the same period in fiscal 2002. Net earnings for the 13-week period ended June 29, 2003 increased 23 percent to $68.4 million from $55.7 million for the same period in fiscal 2002. Diluted earnings per share were $0.17 for the 13-week period ended June 29, 2003, compared to $0.14 for the comparable period in fiscal 2002.
Leverages 65-year History in Two-Way Communications to Bring Service Differentiating Feature to Cellular Operators
DUBAI, United Arab Emirates ? Jul. 24, 2003 ? Motorola (NYSE: MOT) Global Telecom Solutions Sector (GTSS) has signed an agreement with Fastlink to be the first in the Europe, Middle East and Africa (EMEA) region to pilot Motorola?s General Radio Packet Service (GPRS) Push-To-Talk (PTT) solution. Point-to-point PTT calls to individuals and PTT group calls have been demonstrated successfully at Fastlink?s facility in Amman.