Stories about: Sumitomo

Venture funding for networking companies took a small dive in the second quarter, but a few innovative Internet, wireless and hardware vendors raised boatloads of cash from investors.

As you all may know, in July I'll make a big career change. I'm not worried; I believe I'm still marketable. I'm a self-starter, I'm proficient in Microsoft Office. I guess that's it. Also I'm learning how to give money away.

MySQL has secured US$18.5 million in its latest round of venture capital funding, the open-source database vendor announced Monday. The company plans to spend the money on new product development and expanding its sales and marketing operations. The investors include the venture capital arms of Intel and enterprise applications vendor SAP.

Struggling Japanese electronics maker Sanyo Electric is planning to raise YEN 300 billion (US$2.6 billion) to finance its restructuring efforts through a share allocation, it said Wednesday.

NTT DoCoMo will launch a service in December that allows its customers to make credit card purchases using the contactless smart card technology embedded in its latest cell phone handsets, it said Tuesday.

Listed company BioProspect has signed a pact with a second major drug developer interested in testing its library of compounds extracted from Australian plants.

Japanese cellular carrier KDDI Corp. will begin trials next year of a system that allows cell phone users to make credit card purchases online or in stores using their mobile handsets, it announced this week at Ceatec 2002. The carrier is the first in Japan to announce plans to trial the service, which is already entering commercial use in South Korea.

Visa International Asia-Pacific Ltd. has expanded its Verified by Visa program, which is intended to cut down on fraud associated with online shopping, to Japan and announced seven major credit card issuers have jumped on board the system.

Japanese consumer electronics company Sony Corp. doesn't just want to own your living room, it wants all of your money too. The company launched Monday its latest push into consumer finance with the opening of Sony Bank Inc.

Imagine a national network of pipes, some as small as one foot in diameter and half a mile long, for transporting mail or machine parts between two buildings, and others as large as six feet in diameter and hundreds of miles long for intercity and interstate freight shipment. Sound far-fetched? Not to Professor Henry Liu, director of the Capsule Pipeline Research Center (CPRC) at the University of Missouri in Columbia.

IBM and Nippon Telegraph & Telephone (NTT) have agreed on a 10-year computer services outsourcing agreement worth up to $US15 billion, the companies announced Tuesday.