Global telecommunications revenue are growing at 6 per cent per year and will rise from around US$1 trillion this year to US$1.3 trillion in 2007, according to a report to be published next week by Pyramid Research Inc.
Fuller implementation of electronic commerce between members is necessary to drive open trade and economic cooperation, according to ministers of the 21-member Asia-Pacific Economic Cooperation (APEC) group.
Telecommunication services revenue in major Asia-Pacific (excluding Japan) markets will grow 20 per cent from US$150 billion in 2002 to $180 billion in 2003, according to research released Tuesday by IDC.
Storage vendor EMC Corp. will lay off approximately 1,300 of its 17,000 employees worldwide as weak IT spending forces its third-quarter results down, the company said in a statement late Thursday.
Singapore Telecommunications Ltd. has launched a broadband wireless Internet service which has access points across the 740 square-kilometre city-state, the company said in a statement Thursday.
A flaw in Microsoft Corp.'s Point-to-Point Tunneling Protocol (PPTP) used to secure VPNs (virtual private networks) leaves corporate intranets open to attack from outside, according to German IT security company Phion Information Technologies GmbH.