Overstock.com restates earnings, cites ERP implementation
Internet retailer Overstock.com is restating its earnings for a five-and-a-half-year period, blaming the move mostly on problems with an Oracle ERP (enterprise resource planning) implementation project that dates back several years.
Telenity and CIS Group to serve Africa jointly
Telenity and CIS Group have signed a partnership agreement to tap into the Middle Eastern and African market mobile markets by operating jointly.
ZTE to build Mauritania WiMax network
ZTE has reached an exclusive contract to build Mauritania’s first mobile WiMax commercial network.
CenturyTel to buy Embarq for $5.8 billion
CenturyTel has reached an agreement to acquire rival U.S. telecommunications carrier Embarq for US$5.8 billion, creating a company that operates in 33 U.S. states.
Rwanda targets two fiber cables for cheaper bandwidth
The Rwandan government has announced that it is targeting two African submarine cable systems for cheaper Internet bandwidth through the country’s Internet backbone.
Zamtel workers go on strike, demand higher pay
Workers at the financially troubled Zambia Telecommunication (Zamtel) have gone on strike for the second time this year, demanding from management improved salaries and conditions of services.
Facebook, LinkedIn and YouTube gain traction at work
Use of social networking sites such as Facebook, LinkedIn and YouTube is widespread in business today, along with instant messaging, peer-to-peer file-sharing and media streaming, according to new research.
Meeting virtualization management challenges
The sprawl of management consoles, the proliferation of data they provide and the rising use of virtualization are adding challenges to corporations looking to more effectively manage mixed Linux, Windows and cloud environments.
Verizon reports 31 percent increase in net income
Verizon’s net income was up more than 31 percent and its revenue up more than 4 percent for the third quarter of 2008, driven largely by increases in wireless and data customers.
New European data protection rules likely years away
Europe’s data-protection regulatory framework needs updating, but it will be two to three years before companies even see proposals, Europe’s top data protection official said Monday.
