Aug 14--PRNewswire/AsiaNetMERGER WINDFALL... PURCHASE: PepsiCo today said cost-savings and revenue increases from its merger with The Quaker Oats Company would amount to $US 400 million. Earnings per share would grow annually by 13-14 per cent and operating cash flow would reach $US 4 billion, the company said.CHINESE E-COLLEGE... SAN DIEGO: An e-college will be established in China to deliver advanced IT training and online education, following a deal struck between Beijing University of Aeronautics and Astronautics and Sybase Software Ltd, the two parties said today.PHARMACEUTICAL COLLABORATION... CAMBRIDGE: Millenium Pharmaceuticals and Aventis Pharmaceuticals will jointly develop a further 11 projects, commercialising small molecule drugs treating inflammatory diseases such as asthma, pulmonary disease, rheumatoid arthritis, bowel disease and multiple sclerosis, a media release has stated.CHINESE RESOURCES DEAL... BEIJING: China's dominant producer of offshore natural gas and oil, CNOOC Ltd, has signed a memo of understanding with Chevron Australia to consider an equity stake in the Gorgon Area, offshore Australia and coastal China's gas market, the company said today.CHINESE GOVERNMENT AWARDS... SAN DIEGO: Chinese Ministry of Information Industry has named Sybase Software Ltd, Best Customer Service provider in its 2001 China IT Products Customer Service Survey, the company announced today.VOICE NETWORK SOLUTION... FREMONT: BayPackets Inc today launched its Rapid Service Introduction system, which would enable service providers to introduce, manage and bill the latest voice-tailored network services, according to a company news release. GLOBAL DAIRY NAME... PALMERSTON NORTH: The word 'cooperative' will be included in the Global Dairy Company's name when it is announced in the next six weeks, chairman Mr John Roadley said at the Ravensdown Agribusiness 2001 conference today.SUBSIDIARY SHARE ISSUE... TOKYO: Internet Initiative Japan (IIJ) will issue 11,000 of its subsidiary NetCare Inc's common stocks to strengthen the company's network and systems management business, IIJ said today.GOLF WIN... CARLSBAD: Callaway Golf Company has announced that its Rule 35 ball had contributed to another championship win, with Wendy Ward's record-setting 54-hole victory at the Wendy's Championship for Children yesterday.FINANCIAL RESULTS: HONG KONG: PacificNet.com Inc, the Asian IT consulting company, today reported second quarter revenues of $US 1.8 million - up 67 per cent on last year. (AsiaNet is a consortium of leading news agencies distributing unedited, translated press releases for worldwide clients. Contact: www.asianet.com.au for full-text versions).