Ted Turner sells shares
Ted Turner, AOL Time Warner Inc.'s vice-chairman and largest individual shareholder, sold nearly $5 million worth of the company's shares last week on top of the 10 million shares he sold late last month, according to a company spokeswoman in New York, reports Reuters. The sales come after a drop in AOL's stock of about 40 per cent since the beginning of the year as the Internet and media giant struggles to revive growth at its online unit. Shares of AOL Time Warner closed down 3.5 percent, or 60 cents, at $16.50 on Thursday, hitting a new three-year low. Turner's most recent sale of 253,908 AOL share sales were part of his programme to sell $5 million worth of AOL stock each month to fulfill his philanthropic obligations and to ensure environmental maintenance of his 2 million acres of land.
Office XP licenses
India has announced that out of a total of 60 million licenses
worldwide, more than 12 million Microsoft Office XP licenses have been
purchased in the Asia Pacific Region since the product was launched in
May 2001. This figure represents a threefold increase in Office XP
licenses compared with the Office 2000 licenses sold in the region
during a comparable time frame. In India, there has been a significant
gain in the enterprise and the government sectors. Some of the
companies that have purchased Office XP include Tata Consultancy
Services, the Government of Gujarat, American Express, National
Informatics Center, HCL Infosystems and the Indian Army, says a
company press note.
Austria's Supreme Court has dismissed electronics giant Sony Corp's claim that it has exclusive rights to the "Walkman" name for portable stereos, reports Reuters. Sony said in Tokyo last Wednesday that the court had ruled that a wholesaler could refer to rivals' portable players as "Walkmans," dealing a blow to its jealously guarded trademarks. Sony filed a suit in Austria in 1994 to bar a wholesaler from using Walkman as a term for other manufacturers' goods. But the court ruled that Walkman had become a common noun for portable stereos, citing among its reasons a definition of "Walkman" in a German dictionary that did not mention Sony.
NASSCOM has assessed the geo-political
risk and the possible impact on the Indian software and service industry
due to the recent tensions between India and Pakistan. It believes the
problem has not led to any loss of business. However, if the standoff
continues for long, it could begin to affect business. Nasscom is
proactively in close communication with customers to allay their fears,
according its press note. It argues the software industry in the past
has withstood uncertainties such as the September 11 attacks in the USA
or the December 13 attack on the Indian Parliament. It has built
adequate processes in terms of disaster management and business
continuity planning to cope with such situations. The business impact if
any, of the present tension might last only for a short-term since India
enjoys strong global brand equity as a cost-effective and quality
outsourcing destination. Also, the industry's fundamentals are robust
with many global corporations already having established significant
presence in India and Indian vendors, too, bagging large multi-year
fixed price long-term contracts.