Billionaire
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PCCW Web unit Skyhorse fires more, changes focus
News Pacific Century CyberWorks Web unit PCC Skyhorse Ltd fired about a quarter of 130 employees as part of a shift in focus to consulting for Internet service providers from providing video programs online.
Chinadotcom fires 48 to reduce costs
News Chinadotcom Corp, an operator of Asian news and information Web sites, fired 48 workers in China, or about 8.7 percent of its workforce there, as Internet companies cut employees to contain costs.
Tom.com appoints new CEO
News Tom.com, Hong Kong billionaire Li Ka-Shing’s entry in the highly competitive China portal market, has replaced its CEO only a week after the site’s official launch.
Malaysiakini founders wield influence in Asia
News Malaysia's Internet media founders of Malaysiakini have been ranked as being among the most powerful people in Asia, according to Asiaweek.
Tom.com to cut 80% of travel site staff
News Tom.com Ltd, a sports and entertainment Internet portal owned by Hong Kong billionaire Li Ka-shing, will lay off 80 percent of the staff on its China travel Web site GoChinaGo.com today.
Tom.com suspends trading on announcement
News Tom.com Ltd., a sports and entertainment Internet portal owned by Hong Kong billionaire Li Ka- shing, requested trading in its shares be suspended this morning until it announced a plan for acquisitions.
Peru signs up for 260,000 OLPC laptops
News The Peruvian government has signed a deal to buy 260,000 units of the US$188 One Laptop Per Child (OLPC) laptop computer.
Tags: Notebooks and tablets
S'pore varsity to nurture IT managers
News A new school that focuses on providing broad-based training in IT, business management and social sciences will open its doors to undergraduates in Singapore come August 2003.
Maxis leaning towards SingTel?
News The country's biggest mobile network operator Maxis Communication may be leaning towards Singapore Telecommunications (SingTel) as its strategic partner, according to The Business Times today.
Tom.com pares loss to US$10m in Q4
News Tom.com, an entertainment Web site controlled by billionaire Li Ka-shing, pared losses to HK$78.3 million (US$10 million) in the fourth quarter of 2000, after cutting staff and operating costs.
Oracle's Ellison grants broad access in book deal
News Oracle's Lawrence Ellison will allow unfettered access to company board meetings and other internal activities as part of his book contract with publisher Simon & Schuster.
Paul Allen's Charter to sell US$1.1b in shares, US$550m in notes
News Charter Communications, the cable-television company controlled by billionaire Paul Allen, plans to sell US$1.1 billion in stock and US$550 million of convertible notes to fund its purchase of cable systems from AT&T Corp.
Tom.com's layoffs draw attention to financial viability
News Tom.com Ltd, the Internet Web site controlled by Hong Kong billionaire Li Ka-shing, could see its share price fall further because last week's layoffs alerted investors to the company's financial viability.
Murdoch advances on India
News Rupert Murdoch's News Corp has taken a stake in a small Indian e-commerce spinoff, another in a spate of investments in Indian information technology by the billionaire media baron.
Singapore Telecom may revive HKT bid
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