Dec. 11--PRNewswire/AsiaNet
MINING SHARES...
SYDNEY: Newmont Mining Corporation today announced that it has "increased the value of its off-market bid for Normandy Mining Limited to A$1.90 per Normandy share", a company press release said.According to Wayne W. Murdy, Newmont's President and Chief Executive Officer, the bid is "superior to AngloGold's revised offer" for Normandy shareholders.
INTERNET SERVICES...
HONG KONG: Marconi today announced the signing of "a five-year, US$80 million networking supply agreement with Grande Communications," to provide optical fiber networks for faster Internet, telephone and cable television services, a media release said today. The agreement will enable Marconi to increase the deployment of deep fiber network access to the Austin-San Antonio corridor.
PHARMACEUTICAL ALLIANCE...
TOKYO: Pharmaceutical companies Roche and Chugai have announced they will enter into an alliance to create a "fully functional and internationally active pharmaceutical company based in Japan with access to global markets" according to a press statement issued today. The new enterprise will "rank number 5 in Japan" by sales, the release said.
CHILDREN'S AWARD...
COLUMBUS: The Kellogg's Hannah Neil World of Children Award, an international award for child advocacy, was presented to Dr. Sharadkumar Dicksheet who has "provided free corrective surgery to 54,000 of the poorest children of India since 1968", a press release said. It is the only international award of its kind and was presented by Award Honorary Chair Muhammad Ali along with Kellogg Company Chairman and CEO Carlos Gutierrez (photo available).
ELECTRONIC SECURITY...
LOS GATOS: Samsung Electronics Co., Ltd. today announced it plans to adopt the Hifn company's security systems into its broadband products, a media release said. The deal will lead to the "full incorporation of Hifn's security IP (Intellectual Property) into Samsung's networking chips sets".
SPEED YACHT...
SAN FRANCISCO: Luxury yacht Gentry Eagle is being offered for sale for US$3,950,000, a press release announced today. The yacht has broken numerous speed records including the Transatlantic crossing and has been touted as the "world's fastest mega yacht".
VIDEOCONFERENCING...
SAN JOSE: The China Railway Communication Co., Ltd, has selected RADVISION and VisionNex Technologies to provide a videoconferencing network which will offer voice and video communications services throughout China, it was revealed today. China Railcom presently "has RADVISION equipment installed in the cities of Shenyang, Nanjing, Chendu and Beijing" and "will expand its videoconferencing services throughout all of China in 2002", a press statement said.
INVESTMENT SEMINAR...
HAMILTON: Asset management company W.P. Stewart & Co., Ltd today hosted its annual investment seminar in New York City, which was attended by over 700 international clients. William P. Stewart, Chairman and CEO of the Company, said: "The total earnings power behind client portfolios has continued to increase while Corporate America has seen the largest year-over-year profit decline in decades".
MODEM SOFTWARE...
SAN FRANCISCO: Communication system designers Silicon Wave, Inc today announced the availability of their new Bluetooth radio modems and processors, called Known Good Die (KGD). The new technology is suitable for technology including mobile phones and other mobile handheld devices, a media release said.
CHINA TRADE...
HONG KONG: China joins the World Trade Organisation this month, and "will undertake major changes in import and export rights" according to a media release. These changes include the liberalisation of wholesale and retail distribution services.
(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).