IN THE PAPERS
In the papers 10 July
10-07-2007
by Sylvia Leatham
VMware could be worth USD10bn after IPO | Oracle to unveil new database software
The Irish Times says that mobile operator O2 has announced a mobile broadband service. Read the full story as reported by ENN on Monday.
The same paper reports that ComReg has called for greater clarity on the introduction of Next Generation Networks to ensure it does not hinder local loop unbundling. Read more on this story on ENN.
The Irish Independent says that researchers at Trinity College Dublin hope to bring cheaper mobile calls to the masses with an Enterprise Ireland-funded mobile Wi-Fi project. Read the full story on ENN.
According to the Financial Times, software maker VMware could be worth nearly USD10 billion after its flotation, according to filings with US regulators. The company, which is controlled by data storage giant EMC, said in a filing with the US Securities and Exchange Commission that it expected to sell up to 37.95 million shares at USD23 to USD25 apiece in its initial public offering. VMware also announced that chipmaker Intel had agreed to buy 9.5 million shares at USD23 apiece, for a total investment of USD218.5 million.
The paper also says that Spanish telco Telefonica has made a EUR3 billion-plus offer to Portugal Telecom to secure exclusive control of Vivo, Brazil's largest mobile operator. Telefonica has told Portugal Telecom, which jointly controls Vivo with the Madrid-based group, to respond to the offer by August. Telefonica has telecoms businesses in 13 Latin American countries.
The Wall Street Journal says that Cisco Systems, Microsoft and EMC are set to announce an alliance to help government agencies share information more securely. The effort, called the Secure Information Sharing Architecture (SISA), is a response to problems agencies have in exchanging data because of different security systems. SISA is designed to build on existing software applications, networked storage and networking technologies, including Microsoft's digital-rights-management technology.
The same paper says that Oracle plans to unveil a new version of its core software on Wednesday, for the first time in four years. Oracle is launching a version of its database management system software, dubbed version 11g, that lets companies retrieve and make sense of their digital data. However, some companies plan to delay switching to the new release, because it typically takes at least several months for a company to fully shift to a new version of Oracle's database software.
Caped Koala Studios has built a virtual world for kids, combining education and social networking 