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Hyundai Motors posts 45.3 percent growth in June
2008-07-01 08:34:00
India's second-largest passenger car manufacturer Hyundai Motors India Ltd (HMIL) has sold 40,182 units during June this year -- up 45.3 percent over the corresponding period last year.Of the total sales, the domestic market accounted for 21,881 units, compared to 16,335 units for the same month last year. The exports totalled 18,301 units in June this year against 11,318 units of June last year.For the period Jan-June 2008, the company closed 234,145 units (domestic 136,194 units, exports 97,951 units) as against 161,296 units (domestic 100,925 units, exports 60,371 units) sold during the corresponding period in 2007.Commenting on the June, 2008 sales, Arvind Saxena, Sr. vice president - Marketing and Sales, said: "Our sales throughout the first half have grown steadily and in the overseas market the newly launched i10 sold well over 100,000 units in less than six months since its launch."The segment-wise cumulative sales in June, 2008 are: A2 Segment (Santro, i10 and Getz): 33,859 un ...

OPEC crude price passes $136 mark
2008-07-01 08:31:00
The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) continued to climb to a new record level above $136, figures released by OPEC Tuesday showed.One barrel (159 litres) of OPEC-produced crude stood at $136.03 Monday, $0.72 higher compared with $135.31 dollars the previous day.Oil production in OPEC countries rose to 32.57 barrels per day in June, Vienna-based analysts JBC estimated.This increase of 230,000 barrels from May was partly due to higher output in Saudi Arabia, which pumped 200,000 barrels more in June than in the previous month.OPEC calculates an average basket price based on 13 important brands produced by cartel members. ...

ArcelorMittal to buy 60 percent stake in Dubai firm
2008-07-01 08:21:00
L.N. Mittal-led ArcelorMittal, the world's largest steel maker, is expanding its presence in the Middle East by acquiring a 60 percent stake in a Dubai-based steel distributor.In a statement issued at its Luxembourg headquarters, ArcelorMittal said it intended to acquire 60 percent of the entire issued share capital of Dubai Steel Trading Co (DSTC) FZCO, a newly incorporated company located in the Dubai's Jebel Ali Free Zone."This is an important partnership that will spearhead our distribution network in the Middle East Area," Philippe Darmayan, chief executive of ArcelorMittal steel solutions and services unit, said in the statement.The steel major said that, through this acquisition, it was widening its offering in the Middle Eastern area."DSTC FZCO will acquire the main business of a steel distributor in the United Arab Emirates (UAE), Dubai Steel Trading Company LLC (DSTC LLC)," the statement said.Founded in 1986, DSTC LLC sells principally to the construction market, which repres ...

Cambridge Technology Enterprises Limited (CTE) Posts 286 % Growth in Revenue and 206 % Growth in Profit Y-on-Y
2008-07-01 07:42:00
Cambridge Technology Enterprises Limited (CTE), a global IT services provider a leading provider of SOA based solutions and Enterprise Transformation applications to mid size enterprises and mid size business units of Global 2000 enterprises, today announced its audited results for the fiscal year 2007-2008, 12 months period ending 31st March, 2008.CTE revenues surged from Rs 23.40 Crores (USD 5.85 Million) in FY 2007, to Rs 90.27 Crores (USD 22.58 Million) (TTM) revenue in a span of one year. The Q4 FY 08 revenue was Rs 44.59 Crores (USD 11.16 Million) which has taken the company to an annualized run rate of over Rs 178 Crores (USD 44.53 Million), enabling it to break the small cap barrier to enter the mid-cap segment successfully. The revenue growth recorded is 286% and profit growth is 206% over previous fiscal.Cambridge Technology Enterprises Limited (CTE) witnessed this phenomenal growth while maintaining good margins by meticulously implementing the four-pronged strategy it had o ...

HCC Bags Rs.340 crore BOT Project of NHAI for Badarpur Elevated Highway
2008-07-01 07:38:00
HCC, India's leading construction and infrastructure development Company, has bagged the prestigious order from National Highway Authority of India (NHAI) to construct the 4.4 km elevated highway at Badarpur on National Highway 2 (Mathura Road) near Delhi on BOT basis.The contract envisages design, construction, development, finance, operation and maintenance of 4.4 kms of six lane elevated road. The cost of the project is estimated at about Rs 340 crores. The company has received the letter of award from NHAI for this project with concession period of 20 years including the construction period of 24 months.The elevated highway is expected to provide a much desired relief to inter-state movement on Mathura Road. It will provide a smooth and non-stop drive to motorists in Delhi and Faridabad, Haryana. It will start close to NTPC near Badarpur in Delhi and will end at Sector 37 in Faridabad. It will provide a smooth drive over five important traffic junctions including NTPC, Mehrauli, Ja ...

Castrol to Become an Official Sponsor of FIFA World Cup
2008-06-30 08:37:00
Castrol has strengthened its position in football by signing a prestigious six-year deal as a FIFA World Cup Sponsor until 2014.The agreement awards the global lubricants company worldwide rights for the 2010 FIFA World CupT in South Africa, the 2014 FIFA World CupT in Brazil and the two FIFA Confederations Cups which fall within the 2007-2014 period.The news comes following the company's successful sponsorship of the recent European championships - the UEFA EURO2008 - which saw Castrol develop the Castrol Performance Index, a new tool which helps football fans to objectively analyse individual player and team performances."Our investment in football has proved a tremendous success and allowed Castrol to develop new opportunities in a way that has added value to our business partners; excited and rewarded our fans; and motivated our staff," said Senior Vice President for Lubricants, Mike Johnson.Commenting on the announcement, FIFA President Joseph S. Blatter, said "With Castrol, we ar ...

Frost & Sullivan Expects the Engineering Services Outsourcing Market (ESO) to Touch US $40 Billion by 2015
2008-06-30 07:56:00
India holds a relatively strong position in the global Engineering Services Outsourcing (ESO) market, with a potential of US $40 billion by 2015. India's strengths lie in the automotive, aerospace and hi-tech telecom sectors accompanied by a large talent pool and experience in this field. The growth in engineering services signifies the need for global companies to expand their R&D centers beyond their home countries.Another attractive factor for these global manufacturers is low labor cost along with quality, one of the main reasons that makes India a major outsourcing destination.Indian engineering service providers are technically proficient and have a fervent eye for detail ensuring that service levels remain better than competing countries. Most of the Indian engineering services providers are at par with competition and offer an array of services, which include computer aided design (CAD), computer aided manufacturing (CAM), computer aided engineering (CAE) while vertical specifi ...

Global Real Estate Transparency Increasing in Nearly Half of Countries Rated According to Jones Lang LaSalle Index
2008-06-30 07:51:00
Emerging markets have significantly improved their levels of real estate transparency, according to the latest Global Real Estate Transparency Index ('Index') from Jones Lang LaSalle, a professional services firm specialising in real estate, and LaSalle Investment Management, its global real estate investment management subsidiary.In some countries, particularly in emerging markets, notable differences can be observed in transparency not only between cities, but within cities as well.Anuj Puri, Chairman and Country Head India, Jones Lang LaSalle Meghraj says,, "In India, the issue of real estate transparency at a sub-national city level is gaining importance as real estate investors and corporate occupiers extend into new regions in their search for higher returns or cost-effective locations. International investors and occupiers are moving into secondary and tertiary cities that have not been traditional targets of the real estate community."The Index, which provides a rigorous framew ...

HP ProCurve Launches Gigabit Solution for SMBs
2008-06-30 07:48:00
HP ProCurve Networking today launched two affordable Gigabit Ethernet switches for small and medium businesses (SMBs) that need increased network performance for large file transfers and high bandwidth applications such as graphical data, video streams, large databases, network backup and data storage. The standards-based ProCurve Switch 2510G Series comprises two fully-managed Layer 2 switches that offer Gigabit Ethernet connectivity.The new plug-and-play switches are easy to deploy, manage and maintain for SMBs which typically do not have a large or specialized IT staff. Backed by ProCurve Lifetime Warranty, the 2510G Series is a cost-effective solution for SMBs whose existing networks are pushing the performance limits and which are seeking an upgrade to Gigabit connectivity to improve efficiency."ProCurve offers a choice of secure and affordable plug-and-play enterprise-grade networking solutions for SMBs that will enable them to expand their networks as their needs grow, said Loui ...

Fidelity Announces New Business Initiative in India
2008-06-30 07:41:00
Fidelity International today announced that it would launch its world-renowned, award winning, online fund platform, FundsNetworkT in India. FundsNetworkT will be an open architecture fund platform that will offer online a range of funds from a number of fund houses. It will help intermediaries to grow their business by allowing them to focus on customer acquisition, advice and relationship management without being concerned about back office and administration issues. India will be the 5th country in the Fidelity Group to launch FundsNetworkT, after the U.S., U.K., Germany and Taiwan. In Phase 1, Fidelity today launched the Fidelity Advisers Institute, Fidelity's centre for excellence, for advisers.Robert Higginbotham, President, Fidelity International, said, "I am delighted that we are bringing our best-in-class online fund platform to India. Backed by our experience in international markets, FundsNetworkT will be a business partner for mutual fund agents (MFAs) by providing them Bus ...

123Greetings application now on Orkut
2008-06-19 08:53:00
In a bid to add expression to emotions and make Social Networking Site 'Orkut' more expressive 123Greetings.com will now provide access to 20,000 free e-cards that are available for over 3,000 special occasions and events. 123greetings.com today announced the launch of a new application for Orkut.com where users will be able to see what cards other people in their network have sent, understand what cards are most popular and review the highest ranked cards by other Orkut users, in addition to sending as many ecards as they like.Speaking on this development Mr. Arvind Kajaria, Founder of 123Greetings.com said "Orkut is catching up fast with Bebo, Facebook and MySpace. Users are looking for better ways to reach out to friends and make new friends. The '123Greetings Cards' application provides a simple-to-use interface that leverages the Web 2.0 features of Orkut.com with the depth and breadth of our massive collection of ecards. Most other applications feature a few hundred or a few thou ...

Warwick and CII forge cutting edge research link
2008-06-18 22:15:00
Warwick Manufacturing Group (WMGG), an international research organisation, is to boost its links with the Confederation of Indian Industry (CII) in order to boost cutting edge research in climate change, high-tech manufacturing and global healthcare, WMG announced Wednesday.The two organisations will explore areas of cooperation and research collaboration in automotives, experiential engineering, robotics, healthcare, e-security, sustainable materials, hybrids, digital manufacturing, rapid manufacturing, advanced manufacturing technologies and advanced materials.Professor Lord Kumar Bhattacharyya, founder and Director of WMG, said: “The governments of the UK and India recognise the importance of close collaboration of both countries in the field of science and technology.“There is exciting potential for joint research in many fields between us and, in particular, between WMG, Indian private and public research institutions and universities and the Indian private sector. WMG has al ...

Sical Logistics posts Rs.502 mn net profit
2008-06-18 22:12:00
Integrated multi modal logistics company Sical Logistics Ltd has closed fiscal 2008 with a turnover of Rs.7.1 billion and a net profit of Rs.502 million as against Rs.10.5 billion turnover and Rs.426.3 million profit posted during fiscal 2007.While the net profit is up during the period under review as compared to FY07, the dip in the net sales is attributed to the demerger of non logistics business.According to company officials, the consolidated net sales of Sical's core logistics business was Rs.6.8 billion, up from 6.7 billion a year ago.Said chairman Ashwin Muthiah: "We successfully executed our strategy of focusing on our core logistics business with the demerger of the non-core business and the separation of the service and infrastructure business. This ensured dedicated management focus and helped us leverage the true potential of each business."Our infrastructure projects are progressing smoothly. Over the next two years, most of the special purpose vehicles (SPVs) will commen ...

GMR awards toll project contract to Allied Digital
2008-06-18 22:10:00
Allied Digital Services Ltd (ADSL), an IT infrastructure management services provider, has bagged a Rs.200 million contract for implementation of toll collection and traffic control solution from leading developer GMR Projects Pvt. Ltd.GMR has contract of developing four national highway awarded by the National Highway Authority of India (NHAI) that includes the Ambala-Chandigarh Expressway, Jadcherala Expressway, Pochampally Expressway and GMR Ulundurpet Expressway.ADSL will implement and manage IT infrastructure, intelligent video surveillance, unified communication, automated access traffic controls, and optical scanners for vehicle classification for all the four location, which will be completed by the end of this year."Infrastructure companies are showing great interest in IT players to provide infrastructure solutions for their growing business needs," ADSL chairman and managing director Nitin Shah said. "In India, the toll market plays a significant role in this sector and is e ...

Exide picks up controlling stake in Leadage Alloys India
2008-06-18 22:08:00
Battery manufacturing major Exide Industries Ltd has acquired 51 percent stake in Leadage Alloys India Ltd, a lead smelting company near Bangalore, Karnataka, for Rs.340 million."Our own lead smelting units will not only give us better self-sufficiency in this critical raw material in the long run. It will also help us have better control over recycling of used batteries that we buy back from the market as part of regulatory framework for storage battery manufacture," T.V. Ramanathan, managing director and CEO of Exide Industries, said here Wednesday.This is the second lead smelting unit Exide, which manufactures lead acid storage batteries, has picked up controlling stake in after acquiring 100 percent stake of Tandon Metals Ltd in October 2007.Lead constitutes around 70 percent of the material cost of a battery and its price has remained volatile for the past three years.For the financial year ended March 31, 2008, the turnover of the company stood at Rs.36.06 billion.The firm has re ...

MTNL gets international long distance licence, ISD rates may come down
2008-06-18 22:07:00
State-run telecom company Mahanagar Telecom Nigam Ltd (MTNL) received the much-awaited international long distance (ILD) licence, a development that could further lower ISD rates in the country.The public sector company was issued the licence by the Department of Telecom (DoT) Wednesday.MTNL is currently routing its international call traffic through other ILD licence holders like VSNL.The company is gearing up to carry its own traffic in the near future and with this development MTNL's ISD carriage cost would fall significantly.MTNL, with its operations in Delhi and Mumbai is building an undersea cable project for carrying its own ISD traffic. The project will connect India to Singapore and Malaysia.The licence is issued on non-exclusive basis, initially for a period of 20 years which is extendable by a period of five years. ...

UTV's 'The Happening' rakes in 61.5 mn in three days
2008-06-18 22:01:00
UTV's foray into the mainstream Hollywood with "The Happening", has paid good dividends to the production house by raking in $31.5 million at the US box-office.Written and directed by M. Night Shyamalan, the sci-fi thriller that revolves around a family on the run from a natural crisis that presents a large-scale threat to humanity, was released June 13.Quoting the box-office collection figure from the Hollywood trade magazine "Variety", UTV stated that "The Happening", its first major collaborative venture with 20th Century Fox, has performed well at the world box-office. It has earned a revenue of $31.5 million at the US box-office in the first three days of its release."The Happening" was made on a budget of $55 million.This, despite the fact that the movie did not receive a very favourable review from the US media. In addition, it has garnered $30 million from the rest of the world from 5,600 prints.In Britain, with a collection of $3.4 million from 389 prints in three days, the fi ...

Air Canada axes 2,000 jobs, flights to cut costs
2008-06-17 10:56:00
Air Canada Tuesday announced it would axe 2,000 jobs this year to meet the rising fuel costs.Canada's premier airline was also scaling back flights on some long-haul routes as well as autumn and winter services in North America.In a statement, Air Canada president and CEO Montie Brewer said: "The loss of jobs is painful in view of our employees' hard work in bringing the airline back to profitability over the past four years."I regret having to take these actions but they are necessary to remain competitive going forward. Air Canada, like most global airlines, needs to adapt its business and reduce flying that has become unprofitable in the current fuel environment."He warned that if fuel prices remain at current levels, "we can anticipate further capacity reductions."Voted the best airline in North America in the 2007 Skytrax World Airline Awards, Air Canada has been struggling to cut costs as each extra dollar it pays on fuel imposes an additional annual burden of $26 million on it.T ...

Tech Mahindra Enters into Strategic Internet Protocol TV (IPTV) Global Alliance
2008-06-17 04:42:00
Tech Mahindra, India's sixth largest software exporter and largest solution provider focused on global telecom industry, has entered into a strategic global alliance with Microsoft Corp. to address its System Integration (SI) requirements for deployments of the award-winning Microsoft Mediaroom Internet Protocol Television (IPTV) and multi-media software platform. Through the alliance, Tech Mahindra's solution will provide deployment and integration services for new and existing Microsoft Mediaroom broadband service provider customers to deploy IPTV services, which are expected to gain momentum in the coming years.The alliance will further empower Tech Mahindra in its quest to implement best-performing IPTV solutions and support cutting-edge technologies in interactive digital television. It will also help Tech Mahindra strengthen its IPTV SI capabilities and give both companies an opportunity to expand into new markets.The alliance, which builds on Tech Mahindra's leadership in integr ...

Press Release about icontrol: The IPTV
2008-06-15 00:38:00
Read my first post to know more about icontrol.Aksh Optifibre, a public listed company, the second largest company and a large-scale manufacturer of cable and optical fibre. It was incorporated in the year 1986 as a private limited company and was converted into a public limited company on 13th March 1994. Aksh has two plants at Bhiwadi, for manufacturing optical fibre cables and fibre, and another at Reengus, Rajasthan. Aksh has recently developed a new cost-effective concept called “Fibre-to-Home”, through which they expect to revolutionise the IT and telecom industry completely. It’s a concept that would bring wireless Voice, Audio, Video and Internet direct to home. The company is planning a Rs 200-crore expansion for the recent future. The company is betting big in the emerging IPTV (Internet Protocol Television) segment in India.AKSH Optifibre Ltd. is the first company to launch icontrol brand in Delhi and Mumbai on to promote IPTV in Indiauin association with MTNL. Aksh ha ...

MTNL and Aksh launch icontrol in Delhi and Mumbai; Know basics of icontrol
2008-06-15 00:12:00
This morning when i picked up my Delhi Times, There was a fullpage advt talking about some "icontrol", which is a new IPTV service { i think so..} presented by MTNL and Aksh Optifibre. So, I thought, lemme use my Googling skills to find out more about this service as many of my fellow Netizens are trying to find the same. Google Trends tells me that that there is a sharp increase in the number of people searching about iControl on internet from the places like New Delhi.Ok. So Lets try to find out what is really "icontrol" is...Firstly lets talk about IPTV: IPTV (Internet Protocol Television) is a system where a digital television service is delivered using Internet Protocol over a network infrastructure, which may include delivery by a broadband connection. A general definition of IPTV is television content that, instead of being delivered through traditional broadcast and cable formats, is received by the viewer through the technologies used for computer networks.icontrol advt says t ...

HTC P3350 in India now, Price: Rs 18490
2008-06-13 14:51:00
HTC has launched the P3350 phone in the Indian market. The latest HTC phone offers business features packed in a compact, slim shell. Besides, entertainment of the users is ensured through music capabilities.The HTC P3350 features in-built FM radio and is further capable of downloading music and audio-visual content. WLAN access for fast speed downloading is another key feature of the newly released phone.Apart from WLAN, the P3350 features other connectivity options such as quadband, GPRS, EDGE and Bluetooth v2.0. The phone runs on the Windows Mobile 6.0 platform.The P3350 does not only have smart functions but also looks stylish. The first noticeable feature of the phone is its 360-degree scroll wheel and 8-way touch pointer, which is a new innovative interface design.Announcing the availability of the handset, Ajay Sharma, Country Manager, HTC India, said, “The launch of the HTC P3350 is line with our efforts of offering a device that combines and supports data capabilities along ...

Ranbaxy-Daiichi marriage: Implications for Indian pharma
2008-06-11 04:38:00
Japan's second-largest pharma company, Daiichi Sankyo will buy out the entire promoter stake of 35% in Ranbaxy Laboratories at Rs 737 per share. The deal amounts to about USD 2.7-3.7 billion. The Japanese company is eyeing 51% stake in Ranbaxy.What does this deal mean for both Ranbaxy and Daiichi?According to D S Brar, who actually steered the company for 20 years and made it into the first billion dollar company from the Indian pharma space, said, “It is probably great news for Ranbaxy shareholders to have this kind of a premium. Many of them will not have expected this kind of a thing.”Even future upsides are probably factored into this particular deal for Ranbaxy. For Daiichi, it makes sense to have a large research and manufacturing background that Ranbaxy has.Daiichi makes sense for Ranbaxy because it has got 2-3 big research products to club with the Indian pharma major. It will attack the regulated market with a generic play. Also, its R&D pipeline products will make sense ...

A Report on Gaming Industry in India
2008-06-11 00:34:00
Video Games have been a popular pastime across the world since the 1970s. The popularity of video games has grown with the advancements in digital technology, mobile communications and the Internet in the 1990s. Gaming can be classified into PC gaming, Console gaming, Wireless gaming, Multiplayer gaming and Massive Multiplayer Online Role playing Games (MMORPG).In India, mobile gaming and console gaming are the most popular forms of games followed by PC gaming and MMORPG. The Indian gaming market is very small when compared to other developed countries such as the US. This is because the awareness for gaming has been primarily limited to urban areas. This also highlights the vast untapped potential in India. With the increased penetration of mobile phones and personal computers in small towns and cities, industry experts estimate the gaming market to grow in the near future.According to a report by In-Stat/MDR, a market research firm, the market for mobile gaming in India was expected ...

Trikona Capital Announces $150 Million Deal with SachsenFonds
2008-06-06 05:50:00
Trikona Capital Ltd., the leading fund management firm for institutional investment in Indian real estate and infrastructure, announced it has extended its relationship with SachsenFonds Holdings GmbH, a German fund manager with $7.5 billion under management, in a $150 million deal that includes minority stakes of current Trikona assets and investments in new projects.Trikona's divestments earned a return on capital of 115%. Trikona laid the foundation for this partnership last December when it sold assets in the portfolio of Trikona's London Stock Exchange-listed fund Trikona Trinity Capital PLC (LSE: TRC) to SachsenFonds for nearly $65 million, a return of 108% for Trikona."Trikona has a robust business model that allows us to successfully navigate the waters and identify strong investments in India, proven by our ability to generate returns of more than 100%," said Aashish Kalra, Co-Founder and Managing Director, Trikona Capital. "This agreement with SachsenFonds is yet another proo ...

Wipro's Customer Forum Goes Green
2008-06-05 01:03:00
Wipro Technologies, the global IT services division of Wipro Limited (NYSE:WIT) hosted the first ever Carbon Neutral event by an Indian IT company at Florida recently. Wipro as a responsible and an ecologically conscious organization made Mandala 2008, an annual customer forum event, completely carbon neutral."Mandala, Wipro's customer forum, was the right platform for us to look at all aspects of an event through a green lens and embrace climate friendly alternatives wherever possible. Making this event carbon neutral by strictly following ISO 14064 guidelines for Green House Gases accounting, strengthens our commitment for climate mitigation" said Jessie Paul, Chief Marketing Officer, Wipro Technologies. Mandala is a global customer forum where Wipro's customers, thought leaders and senior management meet to debate, exchange ideas and share best practices in key areas that will shape the future of the global industry. Wipro also plans on extending its carbon neutral initiatives to ot ...

Who is the winner amongst BigFlix, Movie Mart and Seventymm?
2008-06-04 22:19:00
Indian webspace is getting flooded with movie rental websites these days. With the entry of Reliance sponsored BigFlix in the market the competetion is going to be really tough for other two contenders. There are also rumors that R-ADAG is planning to buy out Banglore based Seventymm, which is the biggest movie rentals website in India.The Buzz due to the entry of BigFlix can be clearly seen. Alexa the web information website which provides the website statistics shows that nowadays Bigflix is getting most traffic in the three movie rental sites in India. Alexa graph shows the clear winner of internet traffic from Movie Mart, SeventyMM and BigFlix.Now know about these sites as their websites state about them.Movie Mart: MovieMart is India’s first subscriptions based DVD movie rental service. For our monthly and yearly plan members,there are no late fee and there are no due dates for DVDs return . A MovieMart customer can keep movies as long as he wishes for provided he remains a memb ...

New Google Fevicon Released
2008-06-03 22:21:00
This morning i started Firefox and saw a new Google favicon.A favicon is a small image that is generally used to reflect the identity of a web site. You can find it in the address bar, in your browser's tabs, in the list of bookmarks or in some feed readers like Bloglines.Google's favicon is hosted at google.com/favicon.ico and it's a 16x16 pixels image, a standard size for favicons. Google replaced the upper-case "G" in blue border, green and red borders with a lower-case purple "g" in a rounded corner rectangle. ...

Adobe Unveils Acrobat 9 Software
2008-06-03 04:56:00
Adobe Systems Incorporated (Nasdaq:ADBE) today introduced Adobe® Acrobat® 9 software, a significant upgrade that will transform the process of creating and sharing electronic documents. Acrobat 9 delivers native support for Adobe Flash® technology, the ability to unify a wide range of content in rich PDF Portfolios, and access to real-time capabilities for co-navigating a PDF document with colleagues."The expectations organizations and individuals have for communicating and collaborating in the workplace continues to grow significantly," said Sandeep Mehrotra, Director Sales, Adobe Systems. "The ability to break through and communicate a message in a compelling way has never been at a greater premium. Acrobat 9 is a response to this environment and is poised to fundamentally change how professionals communicate and collaborate using electronic documents."For the first time, Acrobat 9 provides deep support for Adobe Flash technology, enabling users to include Adobe Flash Player compa ...

HP ProCurve Growth Accelerates at Nearly Four Times Industry Rate
2008-06-02 02:47:00
HP ProCurve experienced year-over-year port growth for the first calendar quarter of 2008 at nearly four times the growth rate of the networking industry, according to data from a quarterly report by market research firm Dell'Oro Group.(1)According to the analyst firm's data, ProCurve, the world's second largest enterprise LAN networking vendor, grew worldwide port shipments by 28.4 percent in the first calendar quarter of 2008 compared to the same period in 2007. The industry growth rate for this same period was 7.82 percent."In the face of a challenging global economy, ProCurve's impressive growth is based on the ability to provide customers with choice to handle their most difficult deployments, from small offices to global enterprises," said Mark Thompson, HP ProCurve global director of sales and marketing. "This growth reflects a dramatic increase in the number of customers who are reconsidering their alternatives and looking to ProCurve for flexibility to quickly meet the changin ...