Stories by Terho Uimonen

Ericsson, Partners Form US$300M VC Fund

Telecommunications equipment supplier L.M. Ericsson Telephone Co. has partnered with a group of investment companies to form a US$300 million venture capital fund targeted primarily at mobile Internet ventures and technologies.

Philips Takes Control of Japan Display Venture


STOCKHOLM (08/31/2000) - Koninklijke Philips Electronics NV said Thursday that it has reached an agreement to purchase from Hosiden Corp. the remaining 20 percent of shares it does not already own in a flat-panel display manufacturing venture in Japan.

Head of AMD's Processor Unit Resigns

Advanced Micro Devices Inc. (AMD) announced Wednesday the resignation of Larry Hollatz, group vice president in charge of AMD's PC processor business.

Intel, Telesystem Sink US$10.8 Million in Popcast


STOCKHOLM (08/29/2000) - Popcast Communications Corp., a provider of business-to-business streaming media software and services, announced Tuesday that it has received a total of US$10.8 million in investment from Intel Capital and Telesystem Ltd.

Bad Weather Sees Swedes Hunting for Online Solace


STOCKHOLM (08/28/2000) - Although sunshine and warm weather may not be what Scandinavia is known for in the rest of the world, good weather in the summer, as short as it is, makes all the difference for the region's inhabitants. The winter, as most of the world does know, is mercilessly cold, dark and long.

Atos, Philips' Origin IT Services Unit to Merge


STOCKHOLM (08/28/2000) - Paris-based Atos SA will merge with Origin, a unit of Koninklijke Philips Electronics NV, to create an IT services provider with 27,000 employees and operations in 30 countries, the companies announced Monday.

Ericsson, Nokia Score GSM Deals in Asia

Nordic mobile telephony giants L.M. Ericsson Telephone and Nokia announced Wednesday that they have signed deals valued at $US476 million to supply network equipment to service providers in China and the Philippines.

Nokia Source Code Offering to Ease WAP Tailoring

Nokia announced Monday plans to license version
2.0 of its WAP Browser as source code, paving the way for mobile phone handset
and other device manufacturers to customize the user interface and other
features of the software.

Baan Loses Its Blue Chip Status

STOCKHOLM (08/04/2000) - Coinciding with the Amsterdam stock exchange Friday
removing Baan Co. NV from its blue-chip AEX index, Invensys PLC in a statement
reiterated that it now controls a majority stake in Baan and vowed to restore
the troubled vendor to a leadership position in the market for industrial and
commercial software.

Ericsson inks deals with ARM, Red Hat

Stockholm-based telecommunications equipment supplier
L.M. Ericsson Telephone Co. this week signed deals with Linux vendor Red Hat
Inc. and chip design company ARM Holdings, aiming to strengthen its home
communications products unit.