29 IT global news: SONY will cut 650 employees in Welsh

Key words: Downsizing

SONY cuts 650 employees in Welsh

Time: Wednesday June 29, 11:02 am ET

Source: The Associated Press

Sony Corp said on Wednesday, because the production of traditional CRT (cathode ray tube) TV demand fell sharply, the company will be closed at the end of this year, Welsh set up in the production plant, the move will lead to about 650 employees of unemployment.

SONY in January this year, 300 employees were laid off.

Key words: Cooperation

Title 1:T-Mobile will work with Google to strengthen mobile Internet services

Time: Wed Jun 29, 2005 06:50 AM ET

Source: Reuters

Europe's second largest mobile operator T-Mobile said on Wednesday that it will cooperate with the Internet search giant Google, will be a full range of Internet services moved to the phone, in order to promote the use of the internet.

T-Mobile will provide a full range of network connectivity services on its phones. According to T-Mobile director Ulli Gritzuhn, said: "by using the Google website home page, we can provide our users with a wider range of detailed information for the first time."

According to the relevant responsible person T-Mobile said, we need to change the current data service of deadlock, we hope that this cooperation will allow more users to understand the news and information website auction through the mobile phone network, so as to drive the company's revenue growth. The company hopes to end in 2006, the number of users can reach 6 digits.

Title 2, NEC and China Netcom cooperation to provide EAC-1 submarine cable service

Time: 30/06/2005 08:02:59

Source: IDG News Service

NEC announced Wednesday that the company will cooperate with China second fixed line network operators group Chinese Netcom, EAC-1 submarine cable laying 350 km long for it, in order to improve the Chinese Netcom operational capability, in order to meet the Olympic Games in 2008.

According to the content of the cooperation agreement, NEC will provide an extension of the optical fiber cable transponder and transmission system, and the expansion of the system will be upgraded to 1.28T bit / sec.

Key words: new product

Title: IBM launches core system transformation solutions

Time: Wednesday June 29, 11:45 am ET

Source: MARKET WIRE

IBM announced on Wednesday that the company has launched a new core system transformation solution designed to help banks recover Back-Office systems to gain a favorable position in an increasingly competitive market (CST). This will lay the foundation for the flexibility and efficiency of the Back-Office system.

IBM invested $140 million to produce CST solutions. This is a comprehensive transaction processing platform and service products of IBM company, the bank through the use of this solution, which can be moved to the back-office system of modern Internet solutions, and only a very low risk.

According to Mark, general manager of IBM Global Banking Services Division - (Mark Greene), said: the emergence of a new solution, the banking system will open up an important era of technological innovation. We will be able to create a new era of improving back-office application capabilities by combining business process expertise and the company's hardware and software standards and the next generation of applications."

Key words: China concept stocks

Title: UT Starcom stock and cash redemption of convertible subordinated notes

Time: Wednesday June 29, 5:35 PM ET

Source: PRNewswire

UT Starcom announced on Wednesday that the company has received a shareholder proposal, and ultimately determine a secret after the agreed transaction, the upcoming UT Starcom 1 million 482 thousand shares of common stock and approximately $15 million 800 thousand in cash to buy to expire in 2008 did not pay the $38 million convertible subordinated notes.

According to UT Sidakang, chief operating officer and interim chief financial officer Mike - Sophie (Mike Sophie): "we believe that this transaction will provide us debt clearance opportunities, which will help us to strengthen our balance sheet. In addition, we believe that this fully demonstrates the company's commitment to uphold the interests of shareholders."

Key words: litigation dispute

Intel's complaint against AMD

Time: Wednesday June 29, 4:21 PM ET

Source: The Associated Press

Intel said on Wednesday that its rival AMD accused Intel of acting as a means of forcing customers to sell its products on the market, and said it would continue to adopt a strong sales policy.

According to Intel's global president and CEO Paul - (Paul Otellini), said: in the past few years, Intel has been faced with a similar number of cases against the tora. But all of these cases have finally come up with a satisfactory solution. We are dissatisfied with the allegations of AMD and believe that it will be resolved satisfactorily, as in other cases."

In the stock market on Wednesday, Intel shares fell 8 cents to close at $26.25, while AMD shares in the New York stock market fell $33 to close at $17.37.

Keyword: high mobile

Title: Nortel appoints Pearce as non-executive chairman Non-Exec Chairman

Time: Wednesday June 29, 6:26 PM ET

Source: The Associated Press

Nortel Networks announced on Wednesday that the company appointed Harry Pierce (Harry Pearce) as non-executive chairman to replace the Layton - (Lynton Wilson)