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In the papers 12 June
Wednesday, June 12 2002
by Sylvia Leatham


Compaq wins STG14.5m NI contract | Trustees raise funds for KPNQwest

The Irish Independent says that Am-Beo, a provider of rating and revenue chain
management for telecoms services with offices in Galway and the US, has launched
a new product called roam manager to handle TAP 3.9 transactions for
inter-carrier roaming. Roam manager includes full support for GPRS and
value-added services.



The same paper says Compaq, which is now part of Hewlett-Packard, has been
awarded a STG14.5 million contract by Northern Ireland's Health and Personal
Social Services (HPSS). The five-year contract is to modernise the HPSS's
computer and information technology systems.



The Irish Times reports that Nokia boosted global financial markets on Tuesday,
in spite of a cut in second-quarter sales forecasts. The number one maker of
mobile phones warned that its second-quarter sales would be lower than last year,
but predicted its phones would sell for higher average prices later this year.
The Finnish group's shares first plunged 9 percent, and then rallied to close 6.6
percent higher at EUR14.31, with investors reassured about the company's
resilience in weak markets. 



According to the Financial Times, trustees acting for bankrupt KPNQwest have
managed to raise enough funding to keep Europe's largest data network alive until
1 July. They were due to issue a statement on Tuesday night confirming that
sufficient cash had been banked after an appeal to KPNQwest customers to pay
their outstanding bills for May and June. About EUR30 million (USD28.4 million)
is said to be needed to keep the network running. 



The same paper says that AT&T's shares hit a new low on Tuesday as the US
telecoms firm sold USD2.5 billion of stock to help pay for a disastrous
investment in Canada. The effects of this contributed to the fall which has now
taken about 30 percent off AT&T's share price over the past month.



The Wall Street Journal says that mail-order catalogue companies that sell goods
over the Internet are the most profitable on-line merchants, but most on-line
retailers lost money in 2001, according to a new survey. The State of Retailing
Online, published by on-line trade association Shop.org, painted a generally
positive picture for Internet retailing, which is growing at a much brisker pace
than retail as a whole.