From Staff Reports SK Telecom (SKM), a SK Group subsidiary, took a cue from the U.S.-based Verizon Communication Inc. (VZ) by lowering rates for calls made from one SK Telecom subscriber to another — providing they agree to a 2,500 won ($2.70) increase in their monthly bill. SK Telecom is the largest mobile carrier in […]
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Technology Article
New York Times Will Offer Content For Free
From Staff Reports In a move that's certain to have a ripple effect on the newspaper sector, the New York Times Co. (NYT) last night (Monday) announced that editorial content previously accessible only via subscription will be available for free, starting tomorrow (Wednesday). Currently, that content is available only through the Times' two-year-old TimesSelect subscription […]
Intel Starts Work on $2.5 Billion China Chip Plant
From Staff Reports Intel Corp. (INTC), the world's largest chipmaker, said Saturday that construction work already has started on its $2.5 billion chip manufacturing plant in China – its first actual manufacturing plant in Asia. Named "Fab 68," the new Intel chip-manufacturing facility will be "an integral part of our global manufacturing network while bringing […]
China Faces Challenges In Both R&D Policy, Information Technology Competitiveness
By Jason Simpkins Staff Writer For all of its repeatedly reported strengths as it continues to flex its global muscles, China faces a very significant obstacle in its bid to become a major international power: A serious short-sightedness when it comes to its information-technology sector. Although China wants to become a global leader in high-technology […]
Argentina's Werthein Family Interested in Boosting Telecom Argentina Holdings
From Staff Reports The Werthein Family, an Argentina family known for its investment holdings, would be interested in increasing its stake in No. 2 telephone company, Telecom Argentina SA, by purchasing the shares of that company that are currently held by Telecom Italia SpA. However, Telecom Italia has not said it wants to sell its […]
Sony Financial Holdings Shaping to be Japan's Biggest IPO of the Year
By Mike Caggeso Staff writer Most of us know Sony Corp. (SNE) as Japan's electronics and videogame juggernaut. But its upcoming IPO will add another public dimension — insurance and financial services juggernaut. Yesterday (Tuesday), the Tokyo Stock Exchange approved the application for the listing of the common shares of Sony Financial Holdings. Sony Corp. […]
Taiwan's Asustek Plans $200-$300 ‘Developing Markets' Notebook PC
From Staff Reports Taiwan-based Asustek Computer, a leading PC maker, will launch its much-awaited cheap computer this month, a laptop computer designed for the developing economies. Developed in partnership with U.S. chip giant Intel Corp. (INTC), the laptop has a seven-inch screen that will come in two versions: One that will sell for about $199 […]
China's Mobile Phone Competition Will Escalate as Business Grows
By Mike Caggeso China Mobile Ltd. (NYSE: CHL), the world’s largest cell phone provider, continues to pummel its competition. Last week, the company posted a stronger-than-expected 25% increase in first-half profits, which rose from $3.87 billion to $4.85 billion. And yesterday (Tuesday), China Mobile announced it added a record 5.6 million customers in July, up […]
VWMare Shares Soar on Day Two Following Big Bang IPO
Newly public software firm VMWare Inc. (NYSE: VMW) saw its shares climb another $6.71 each, or 13.16%, to close at $57.71 yesterday (Wednesday), the day after the company went public.
VMWare Tech Shares Soar 76% in IPO Trading Debut
Shares of VMWare Inc. (NYSE: VMW) soared 76% in their first day of trading yesterday