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Face to Face: Cyril McGuire, CEO Trintech
At its height, Irish payment security company Trintech was valued at around USD4.5 billion and its sibling founders Cyril and John McGuire were worth USD650 million apiece. Since those heady days the company's shares have lost 99.5 percent of their value and a recent four for one split did little to boost prices. Trintech's new CEO Cyril McGuire talks Face to Face with Matthew Clark about the firm's past and future.
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For the record 28 May 
Tuesday, May 28 2002
by Sylvia Leatham


New research claims that most medium-sized businesses in Ireland and the UK have
invested in an on-line presence | TecBrand has won a top marketing award Most medium-sized businesses in Ireland and the UK have invested in establishing
an on-line presence, according to new research. A survey, conducted by
Harte-Hanks for Internet infrastructure services company Genuity, found
that 98 percent of respondents had a Web site for marketing services or products
to customers. The research indicated that 20 percent of companies already have an
e-commerce facility incorporated into their sites, 31 percent are planning to
incorporate applications to strengthen their site as a selling tool and 26
percent intend to implement an e-commerce tool.

Dublin-based TecBrand has become the first non-US company to win an ICON
award at Adweek Magazine's annual Technology Marketing awards. The awards, which
were held in New York earlier this month, honour the best in marketing excellence
by and for technology companies. TecBrand won the "Best Direct Mail Package"
award for its campaign for Hewlett-Packard Ireland. The winning campaign featured
a specially designed board game that highlighted the risk-free nature of working
with HP.


Irish storage integrator Xnet has designed, installed and configured the
first virtual storage site in Ireland at Pioneer Investment Management's Dublin
premises. Xnet created a virtual pool of storage, managed by a central console,
for the mutual fund company, thereby enabling Pioneer to reduce
storage-management complexity and costs.


More than 50 percent of private companies across Europe spent at least 0.5
percent of turnover during the last year on Information and Communication
Technologies (ICT), according to research by 3i. Almost one in seven
European businesses invested over five percent of turnover in ICT. 3i also found
that investment in Web sites has continued to rise. In 1999, only 44 percent of
private companies in France and 63 percent in the UK had a Web site, compared
with almost 90 percent in both countries today.

Siemens has said it will restructure its US-based broadband Internet
access unit Efficient in order to cope with sluggish investments by cash-strapped
telecoms operators. In an interview with Reuters, Thomas Ganswindt, head of
Siemens' telecoms network unit ICN, declined to give details about the
restructuring but said that Siemens had chosen to restructure rather than shut or
sell the ailing business.

Japan's NTT DoCoMo has unveiled its version of a camera-equipped mobile
phone, complete with a flash. In Japan, mobile phone users have been able to take
tiny digital pictures for the past year. DoCoMo's new foldable camera phone,
called SH 251i, comes with a second display on the outside that doubles as a
viewfinder. The phone, expected to retail for about USD240, should be available
in shops from 01 June.

A German Internet entrepreneur has received a 20-month suspended sentence and a
EUR100,000 fine after being found guilty of insider trading. German prosecutors
said that Kim Schmitz used insider information to manipulate the share
price of troubled Internet trader LetsBuyIt.com. Schmitz, who faced 11 counts of
insider trading, denied the charges, claiming he was the victim of a "witch-hunt"
and that his dealings with LetsBuyIt shares were totally legal.



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