Radvision Signs Pact with Microsoft
Israel based video and telecommunications company Radvision said that it has signed a deal with Microsoft to provide video conferencing systems, sending its shares up by as much as 8%. Radvision will offer a combination of hardware and software products, which will be integrated with Microsoft Lync, the latters instant messaging product, which was previously known as Microsoft Office Communicator. The terms of the agreement has not been disclosed yet.
MTNL Invites Bids for 3G Roaming
Mahanagar Telephone Nigam (MTNL) has invited bids from the operators, who could not get 3G spectrum in Delhi and Mumbai circles in the auction held in June, to provide roaming facility for their subscribers on its network. The company has kept the minimum floor price at `140 crore per year for each circle. The bidding started on October 8, the last day for submitting response being November 8. The bidder, however, shall have to submit a security amount of `70 lakh.
MTNL had borrowed `7,000 crore from the financial institutions to pay for the 3G licenses, a major step taken by the telco to generate revenue from the 3G services and service the debt. Only Bharti Airtel, Vodafone, and Reliance Communications could win 3G license in the Delhi and Mumbai circles.
Satyam Posts `124.6 crore Net Loss in FY10
Fraud hit Satyam Computer Services, which was renamed Mahindra Satyam following the take over of Tech Mahindra, announced its financial results for the first time after the fraud came to light. For FY10, it repo1rted a net loss of `124.60 crore on sales of `5,481 crore. For the previous financial year (FY09), the loss stood at `8176.8 crore on a revenue of `8,372 crore.
Worldwide PC Shipments Grew 7.6% in Q3
Worldwide PC shipments surpassed 88.3 mn units in Q3 of 2010, a 7.6% increase from Q3 of 2009, according to preliminary results by Gartner. These Q3 results were below Gartners earlier market outlook. Gartner had expected third quarter PC shipments to grow 12.7%.
Ramco Maintains Momentum in The Middle East
Ramco Systems announced that it has signed an agreement with Gulf Precast Concrete Company LLC (Gulf Precast) to offer its full-suite of on-premise ERP-Ramco Enterprise Series 5.0. As per the agreement, Ramco will implement its end-to-end ERP including supply chain management, HCM & payroll, manufacturing, business intelligence, enterprise asset management, fleet management and a document management system. Gulf Precast is a leader in the UAE precast concrete industry, with six factories in Abu Dhabi and Dubai, and is experiencing a rapid growth.
Mahindra Satyam Signs Deal with Commonwealth of Kentucky
Mahindra Satyam announced that it has signed a large contract with the Commonwealth of Kentucky, USA for design and delivery of a document management system for a child support system. The project will be implemented over twenty months. Mahindra Satyam will work collaboratively with the Commonwealth of Kentucky, Cabinet of Health and Family Services (CHFS). It will be based on the Microsoft SharePoint technology and imaging solution from Knowledgelake. The SharePoint based portal will provide for a policy framework along with a repository for forms and documents.
IBM Offers Power7 and Storage Migration
IBM announced a new financing program to help current credit-qualified Oracle-Sun and HP customers in India migrate to upgradeable systems of IBMs new power family of workload optimized servers and storage offerings. This new program, provided by IBM Global Financing, helps clients easily and affordably acquire new mid-range and high-end IBM power systems and storage offerings. It also includes IBM cash-back for new or used equipments, attractive lease terms and no payments until early 2011 for credit-qualified clients.
HP Unveils First ProLiant MicroServer
HP introduced its first HP ProLiant MicroServer designed to enable small companies to confidently grow their businesses while taking advantage of the reliability, performance and security of a server. Its compact, quiet and sleek design is about half the size and 50% quieter than most entry-level servers. It also offers lower power consumption for energy conscious businesses.