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OFT warns wallet-raiding debt collectors over web ads

Debt management companies have been warned over their use of the internet and social networking when promoting themselves or their services to consumers. The Office of Fair Trading (OFT) said the firms risk losing their consumer credit licences if they offer misleading information to consumers through the mediums. The regulator …
OUT-LAW.COM, 27 Mar 2012
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Mary Meeker's top technology trends

In a speech on internet trends for the next year Mary Meeker, partner at blue chip technology venture capital firm Kleiner Perkins Caufield & Byers, predicted strong growth in mobile use but a cash shortfall for companies relying on ad revenue. She also took time to critique Facebook's recent IPO. According to her report, global …
Iain Thomson, 30 May 2012
The Register breaking news

Gartner snips 2012 IT spending forecast – again

The prognosticators at market research firm Gartner are polishing their crystal balls again and have gazed into 2012 to see what the IT spending picture looks like, and it's a bit worse than they expected only a few months ago. And thus they have taken a little more off the top of their IT spending projections for the current …
The Register breaking news

SpinVox puts spin on layoff rumours

SpinVox insiders say the controversial voice-to-text company has made layoffs at its Marlow office today. Brunswick, SpinVox's PR company, told us that SpinVox had an ongoing program of cost-reduction but declined to characterise it as a round of redundancies. SpinVox's debt problems were widely discussed in press reports over …
Andrew Orlowski, 26 Nov 2009
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BestBuy blasts into UK with Carphone Warehouse buy

Carphone Warehouse is selling a 50 per cent stake in its mobile phone retail business to US electronics retailer BestBuy, setting the stage for a heavyweight fight in the UK's retail electronics market. The deal will bring CPW £1.1bn in cash, enough to sort out its debt problems and could leave enough in the till to buy Tiscali …
John Oates, 08 May 2008
The Register breaking news

Russia's first operator-brand mobile

Russia's number one mobile operator MTS last week unveiled Russia's first own-brand cell phone. The sleek S-680, which sports the MTS-GSM logo, was launched at the Svyaz telecoms exhibition. The new mobile phone, which supports GPRS and boasts polyphonic ring tones, will be made in Southeast Asia and retail at a "democratic" $ …
Jan Libbenga, 19 May 2004
The Register breaking news

France Telecom escapes from MobilCom 3G deal

ComputerWire: IT Industry Intelligence France Telecom SA has reached an "amicable" deal with German mobile carrier MobilCom AG that ends its obligation to help the company develop a 3G network. Under the agreement, France Telecom will participate in a plan to shut down the German UMTS business, contributing up to 580m euros …
ComputerWire, 25 Nov 2002
The Register breaking news

France Telecom nears MobilCom victory

ComputerWire: IT Industry Intelligence France Telecom SA was poised for victory in the battle for control of German wireless operator MobilCom AG on Friday when CEO Gerhard Schmid cleared his office at the company's Buedelsdorf headquarters. His departure was a condition for a syndicate of 17 banks offering the company a 4. …
ComputerWire, 24 Jun 2002
The Register breaking news

BT to undershoot sales targets

ComputerWire: IT Industry Intelligence BT Group Plc is this week expected to add to the woes of the IT sector with second-quarter figures that show it is way short of the 6% to 8% growth targets set by new CEO Ben Verwaayen. The London, UK-based company has pioneered the recovery route for European incumbents by abandoning …
ComputerWire, 04 Nov 2002
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BT employee hits lottery jackpot

The Register was delighted to read in the nation's favourite newspaper today that an employee of BT won £2.4 million in the National Lottery. Jane Clark, a business analyst with BT, is delighted with the win and intends to blow the cash on a sports car and pressies for family and friends. Asked whether BT could be counted …
Tim Richardson, 23 Jan 2001
The Register breaking news

NTL preps $1bn rights issue

UK cable company NTL is to raise more than $1 billion through a rights issue in order to cut debt. The company, which operates in the UK and Ireland and only came out of bankruptcy earlier this year, filed papers with US Securities and Exchange Commission (SEC) which confirmed that it was seeking to raise the cash. It had been …
The Register breaking news

MobilCom blames France Telecom row for Q1 disaster

ComputerWire: IT Industry Intelligence German mobile operator MobilCom AG posted disastrous first-quarter results yesterday, and then blamed its performance on its row with France Telecom SA. The tone of MobilCom's strangely blunt and at times almost wilfully negative press release would seem to indicate that peace hasn't …
ComputerWire, 15 May 2002
The Register breaking news

LG, Hyundai get pushed by government to move

The South Korean government is intensifying its efforts to push Hyundai and LG to a quick solution of their semiconductor stalemate. A bevy of senior officials met with the top five chaebols (conglomerates) yesterday in a bid to push through the reforms that the South Korean government had promised the International Monetary …
A staffer, 05 Nov 1998
The Register breaking news

Vodafone makes €12.6bn bid for Cegetel

ComputerWire: IT Industry Intelligence Vodafone Group Plc has confirmed that it has started talking with Vivendi Universal SA and BT Group Plc about acquiring their stakes in Cegetel SA, the French mobile operator. Earlier this week, market watchers were alerted to moves that suggested Vodafone was planning a hostile $8bn bid …
ComputerWire, 06 Sep 2002
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Vodafone 3G phones won't give you video

Vodafone's 3G phones won't provide consumers with one of the main selling points of the next-generation technology - video - because its network will not be able to support the speeds required. In a FT story today, it was revealed Vodafone is only guaranteeing 64Kbps on its 3G phones - not enough for streaming video. As such …
Kieren McCarthy, 07 Sep 2001
The Register breaking news

TechScape: When will things get better?

It's now been something over twenty quarters that technology CEOs, CTOs, VCs, investment bankers, tech analysts, pundits and anyone even slightly associated with the Technology sector has been whistling in the dark, keeping a stiff upper lip and exercising a kind of irrational optimism about the economy turning around. “Next …
Team Register, 13 Nov 2005