investment in news
Google digs deep for geothermal energy
News Google is putting $6.25m into AltaRock Energy, part of a larger $26.5m second round of investment. Google is investing $10m in "enhanced" geothermal systems - essentially technology for tapping underground heat - which it says is one of most... [20 Aug 2008]
IBM sends $300m to the cloud
News The investment also constitutes the biggest investment IBM has ever made in this area, according to Brian Reagan, who directs the company's Global Strategy and Portfolio Management group. IBM is investing $300m in cloud computing. [20 Aug 2008]
Turquoise trading platform begins to settle
News Investment-bank-owned share trading platform Turquoise, which went live last week, is expected to complete the first clearing and settlement of trades in the UK and Germany in the next two days. The cash equity trading platform aims to offer... [19 Aug 2008]
Gates: Software innovation poses privacy challenge
News Explaining the company's focus on software research and development (R&D), he said its $7bn investment in that direction is necessary to push innovation in a market that is "increasingly software-driven". [14 Aug 2008]
Femtocells to save mobile operators over $5bn?
News If existing network infrastructure is unable to handle this third, investment expenditure would need to be even higher - at $13.8bn. Mobile operators could make "significant savings" on network infrastructure costs by deploying femtocells. [13 Aug 2008]
Europe's art needs cash to land at digital fingertips
News The Commission wants both public and private investment to go into the project, in order to speed up the pace of digitisation, with just one per cent of national libraries' contents now digitised. European Commission plans to put Europe's works of... [12 Aug 2008]
European satellite services are green for launch
News However, these satellite services depend on substantial investment and therefore need simple and swift procedures as well as long-term legal certainty. Companies that offer satellite-based services including mobile data, mobile TV, disaster relief... [11 Aug 2008]
Google downbeat on AOL stake
News Google has said in a filing with the Securities and Exchange Commission that its $1bn investment for a five per cent stake in AOL "may be impaired" and that it may have to take a charge in the future. [08 Aug 2008]
Tech job market beats off credit crunch
News But the big winners could be those seeking employment in investment banking and hedge funds with available positions rising by 50 per cent in the second quarter. The IT jobs market is resisting the pressures of the looming recession as employment... [07 Aug 2008]
Cisco looks to the future with investment plans
News On Tuesday, Cisco reported profits for its fourth fiscal quarter 2008 were up 4.4 per cent to $2bn on revenue that climbed 9.9 per cent to $10.36bn. The results were in line with analyst expectations but were a far cry from the company's results... [06 Aug 2008]
Orange beefs up 3G network for Northerners
News Peter Marsden, vice president IT and networks at Orange, said in a statement: "We are investing heavily to improve our network and this investment is one step closer to our goal of becoming the best UK network for coverage and reliability by 2009. [04 Aug 2008]
IT chiefs brace for recession
News The prospect of the UK heading into a full blown recession is forcing some IT chiefs to reassess their tech strategy and investment. Others who were sticking to their guns were either mid-way through investment contracts or felt they had a flexible... [04 Aug 2008]
Superfast London Olympic network gets underway
News The value of the deal has not been disclosed but Nortel has also signed up as a tier one sponsor of the Games and the minimum investment for that tier one status is £40m. A network capable of streaming the equivalent of 50,000 DVDs every second is... [31 Jul 2008]
Stolen ePassports 'worth £20m' on black market
News The presence of so many potentially strong false identities would have a very high black market value - perhaps in the range of £20m - and so a criminal enterprise would easily justify making the investment to hack the chip. [29 Jul 2008]
Highways Agency drives on with traffic tech
News Kelly recently proposed a £6bn investment programme to make better use of the UK's road network including the consideration of hard shoulder running on 500 miles of motorway. The Highways Agency has awarded a £96m contract for the expansion of its... [28 Jul 2008]
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