Nov.13--PRNewswire/AsiaNet
LEADERSHIP RECOGNISED...
BEIJING: A Cisco Systems media release said today the company has been chosen to participate in the APEC Human Capacity Building Promotion Programme "because of its technology leadership, contributions to e-learning and networking education programmes in the region,particularly in countries such as China."
APPROVAL GRANTED...
BEIJING: A Huaneng Power International press statement said the company has obtained China Securities Regulatory Commission's ("CSRC") approval for the issue of 350 million A Shares, and the prospectus will be published in China's newspapers today ( November 13).
INDUSTRIAL FACILITY...
MILWAUKEE: A press statement said Amara Raja Batteries, Ltd., a joint venture company of Johnson Controls, recently celebrated the opening of a new automotive and industrial battery manufacturing facility in Tirupati, Tamil Nadu, India.The operation "employs about 150 people and is located among several other Amara Raja facilities within a 170-acre campus."
INNOVATION AWARD...
SINGAPORE: Seagate Technology announced today that its U Series hard disc drive has been named Innovative Product Of The Year by the Singapore government. The company said the award "grants the highest recognition to organisational achievements in innovation in Singapore, both in the private and public sectors."
In a separate announcement, Seagate Technology said it will be the "founding partner" at Storage Area Networks (SAN) World Asia 2001 in Singapore. The company said this is "Asia's only independent educational platform designed to provide end-users and vendors to effectively understand the impending challenges of deploying new storage technologies in a rapidly evolving IT environment."
ASIAN COMMITMENT...
HONG KONG: Modem Media, an interactive marketing strategy and services firm, today announced that CEO and President, Marc Particelli, is touring Asia "to review the company's growth targets for the coming year and to meet with core clients of the Asian operation."
DELISTING NOTICE...
HONG KONG: PacificNet.com today announced that it has received notification from Nasdaq that it is no longer in compliance with listing requirements. The company has requested a hearing before the Nasdaq Listings Qualifications Panel which has "stayed the delisting (of the company's common stock)."
AIRPORT TRAFFIC...
FRANKFURT: A press statement said Frankfurt Airport's traffic results for October 2001 "continue to be characterised by the effects of the September 11 terrorist attacks.Passenger traffic has dropped noticeably. The daily traffic decline is about 14 per cent. For the entire year 2001, Fraport AG expects passenger traffic to slip slightly by a low single-figure rate."
WORLDWIDE ROLL-OUT...
BALTIMORE: Contact centre company, SITEL Corporation and Context Connect, Inc. (CCI), provider of fixed line and wireless connectivity services, today announced "a teaming agreement which provides for joint marketing of CCI's unique patent pending wireless communication device directory services solution and SITEL's global customer support services."
MOBILE GRAPHICS...
LAS VEGAS: NVIDIA Corporation today introduced a "new-generation mobile graphics processing unit (GPU), code-named NV17M." The company said: "With its stellar power management features, including NVIDIA's PowerMizer Technology; integrated Video Processing Engine (VPE); revolutionary antialiasing technology for superior display quality; and an ultra-efficient memory architecture, NVIDIA's new mobile GPU provides graphics capabilities previously unavailable on a portable platform."
DOMAIN SCENE...
LOS ANGELES: A company release said SRSplus - "the one-stop shop for domain name registration partners around the world" - has announced that it has "made significant strides in attracting domain name resellers to its Partner Programme."
COMPANY ACQUISITION...
GEORGIA: Scientific Atlanta announced today that it has signed agreements to purchase BarcoNet NV, "a leading provider of end-to-end distribution solutions for broadband and broadcast applications throughout Europe and Asia headquartered near Brussels, Belgium."
FINANCIAL RESULTS...
HONG KONG: chinadotcom today announced its third quarter (ending September 30) pro forma cash operating loss was US$10.3 million, a 31% reduction compared to US$14.9 million in Q2. Total cash operating loss, including one time restructuring expenses, was US$15.9 million, a 32% improvement over that of the second quarter.
DUSSELDORF: A company release said sales of the Henkel Group in the first nine months of 2001 increased to 10 billion euros despite a difficult market environment especially in the customer industries. With 679 million euros, operating profit (EBIT) was "slightly below the record figure of the previous year." Net earnings for the first three quarters increased to 365 million euros.
VICE PRESIDENT...
MICHIGAN: Visteon Corporation said today it has named Jonathan Maples to the position of Vice President of Quality and Materials Management. "With extensive experience working in operations and supplier management, Maples brings exceptional talent and knowledge to Visteon."
(AsiaNet is a consortium of leading news agencies distributing unedited, translated press releases for worldwide clients. Contact: www.asianet.aap.com.au for full-text versions)