ROUNDUPS
For the record 22 April
22-04-2002
by Paula Mythen
Worldcom shares plummet on earnings warning | Nokia and IBM sign WLAN agreement
WorldCom Inc. has issued revised lower figures for its full-year 2002 guidance. The company now expects full-year 2002 revenues of USD21 billion to USD21.5 billion, almost USD1 billion lower than previous guidance. EBITDA (earnings before interest, taxes, depreciation and amortisation) should come in at USD7 billion to USD7.5 billion and capital expenditures will be approximately USD4.5 billion. The reduced revenue and EBITDA outlook stems primarily from volume reductions associated with current economic conditions, the company said, including lower voice volumes and Internet and data network reductions by enterprise customers. Shares in New York were down over 33 percent in early trading on Monday.
Nokia and IBM have signed an agreement to join forces in the public wireless LAN business. IBM Global Services will act as a system integrator of Nokia's wireless LAN infrastructure products in order to provide public wireless LAN solutions worldwide. At the same time, Nokia will continue sales of its operator wireless LAN solution through its existing sales channels.
Am-Beo on Monday launched rate-rec 3.0, the latest version of its rating and revenue chain management solution. The solution is targeted at all providers of services across broadband networks, including mobile content providers, mobile operators, cable/DSL operators, and other members of the content and services value chain.
Hotwire PR, the European technology public relations consultancy, announced on Monday that Plumtree Software has appointed it as its PR consultancy. Hotwire will work with Plumtree focusing on France, Germany and the UK, and also reaching out to other countries such as Switzerland.
China has taken second place in the race for the world's largest at-home Internet population, according to Nielsen//NetRatings. The survey found that 56.6 million live in houses with Internet connectivity, making China the country with the largest Internet population in the Asia Pacific region, and the second largest worldwide after the US.
Ernst & Young LLP and Computer Associates International have entered into a strategic alliance to offer clients a portfolio of security resources designed to extend e-business systems to suppliers, agents, partners and customers. The alliance will be led by Ernst & Young's security & technology solutions practice and will use the security technologies currently marketed under CA's eTrust brand, combined with Ernst & Young's recently launched Advanced Security Centers throughout North America.
Caped Koala Studios has built a virtual world for kids, combining education and social networking 