Feeds

Former Mercury CEO tipped as next C&W boss

Clean hands

  • alert
  • submit to reddit

Intelligent flash storage arrays

ComputerWire logo A sudden decision by Duncan Lewis to step down as a shadow director of bankrupt cable operator NTL Inc has raised speculation that he has been lined up to replace Graham Wallace as chief executive of Cable & Wireless Plc.

Lewis was expected to become a director of a restructured NTL when it emerges from Chapter 11 protection but quit after just four months with the company.

As a former chief executive of C&W's former Mercury fixed-line business, he has a high reputation with a company under pressure from investors to replace Wallace with a figure who can turn around the struggling carrier. He left the company in 1995 so is not associated with recent policy yet has retained contacts with board members.

Wallace's strategy of turning C&W into a major global web hosting operation has left the company deep in the red and the final straw has been the news that it could be forced to put £1.5bn ($2.4bn) of its £2.2bn($3.5bn) cash balance in escrow under a deal it negotiated in 1999 when it sold its 50% stake in wireless operator One2One to Deutsche Telekom AG.

© ComputerWire

Remote control for virtualized desktops

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Choosing a cloud hosting partner with confidence
Download Choosing a Cloud Hosting Provider with Confidence to learn more about cloud computing - the new opportunities and new security challenges.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.