Indian outsourcer Infosys expands in China

All the week's financial news, 08/03/05
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Network World's Financial News Alert

Indian outsourcer Infosys expands in China, 08/03/05

Infosys Technologies, India's second-largest software and
services outsourcer, Wednesday announced that it has signed a
letter of intent with the Shanghai Zhangjiang Hi-Tech Park to
set up a new software development campus in Shanghai.
<http://www.networkworld.com/nlfinancialnewsa4354>

Sun invests in India as business there booms, exec says,
08/03/05

Sun is to make large investments in India as business for the
company grows quickly in the country, according to the head of
its Indian operation.
<http://www.networkworld.com/news/2005/080305-sun-india.html?nl>

Qwest reports improved Q2, 08/03/05

Qwest this week posted second quarter results that saw improved
revenue and operating income from a year ago.
<http://www.networkworld.com/news/2005/080305-qwest.html>

Time Warner settles shareholder suit, posts loss, 08/03/05

Time Warner has settled a lawsuit filed by shareholders after it
bought AOL, establishing a $3 billion reserve fund for that and
other securities litigation, the company said Wednesday, also
announcing that the settlement fund contributed to a $321
million second-quarter loss.
<http://www.networkworld.com/nlfinancialnewsa4355>

Oracle to buy stake in Indian banking software company, 08/02/05

Oracle Tuesday announced it will buy a majority stake in Indian
banking software vendor i-flex Solutions, the latest in a string
of acquisitions designed to strengthen the U.S. company's
applications business.
<http://www.networkworld.com/nlfinancialnewsa4356>

IBM buys customer data hub maker DWL, 08/02/05

IBM Monday said it will acquire customer data integration
software maker DWL to strengthen IBM's information management
middleware portfolio. Financial terms of the deal were not
disclosed.
<http://www.networkworld.com/news/2005/080205-ibm-dwl.html?nl>

Appeals court denies RIM a rehearing of NTP case, 08/02/05

A U.S. appeals court has denied Research in Motion's (RIM 's)
petition for a rehearing of its long-running patent dispute with
NTP, once again raising the possibility of an injunction ...
<http://www.networkworld.com/news/2005/080205-rim.html?nl>

Novell issues strong answer, counterclaims to SCO suit, 08/01/05

Novell fired back strongly against an amended complaint filed by
The SCO Group in its slander of title lawsuit against Novell ...
<http://www.networkworld.com/nlfinancialnewsa4357>

Telco Systems buys IP convergence provider, 07/27/05

Telco Systems, a provider of transport and access systems for IP
and TDM networks, this week announced the acquisition of
privately-held Integral Access, a developer of IP-based
multi-service access platforms for converged voice and data.
<http://www.networkworld.com/nlfinancialnewsa4358>

Sun to lay off 1,000, 07/27/05

Sun expects to lay off around 1,000 staff at a cost of about
$100 million as part of the company's ongoing cost-cutting
strategy, according to Sun's chief financial officer.
<http://www.networkworld.com/nlfinancialnewsa4359>

Layoffs redux: CA cuts another 5% of staff, 07/27/05

Computer Associates (CA) plans to cut 800 positions worldwide,
around 5%of its workforce, in a restructuring effort aimed at
saving $75 million annually. CA will finish most of the
worldwide layoffs by the end of 2005, the company said.
<http://www.networkworld.com/news/2005/072705-ca-layoffs.html?nl>

The top 5: Today's most-read stories

1. Leaked Cisco slides pulled after legal threats
<http://www.networkworld.com/nlfinancialnewsa4360>

2. Cisco vulnerability posted to Internet
<http://www.networkworld.com/nlfinancialnewsa4361>

3. Router flaw sparks battle
<http://www.networkworld.com/news/2005/080105-blackhat.html>

4. Google now a hacker's tool
<http://www.networkworld.com/nlfinancialnewsa4363>

5. Michael Lynn and Cisco: Stepping in front of the freight
train
<http://www.networkworld.com/columnists/2005/080105backspin.html>
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To contact:

Contact Online News Editor Jeff Caruso at
<mailto:jcaruso@nww.com>
_______________________________________________________________
This newsletter is sponsored by Nokia
Empower Your Mobile Enterprise

Nokia believes that business mobility will fundamentally change
the way work gets done-and for the better. To allow the entire
organization to get the most from this paradigm shift in
productivity, Nokia Enterprise Solutions focuses on delivering
increased efficiency through enhanced mobility. Learn more by
downloading this white paper today!
http://www.fattail.com/redir/redirect.asp?CID=109239
_______________________________________________________________
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