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Cap Gemini lowers revenue forecast, sets layoff plans

Cap Gemini Ernst & Young LLP Tuesday joined the ranks of IT and management consulting firms that are making cutbacks, announcing plans to lay off 2,700 of its 60,000 employees as part of a wider cost reduction effort being driven by a "marked slowdown" in new business.

Cap Gemini lowers revenue forecast, sets layoff plans

Cap Gemini Ernst & Young LLP today joined the ranks of IT and management consulting firms that are making cutbacks, announcing plans to lay off 2,700 of its 60,000 employees as part of a wider cost reduction effort being driven by a "marked slowdown" in new business.

BT exits Malaysian market with Maxis sale

British Telecommunications PLC (BT) has exited the Malaysian telecommunication business with the agreement in principle to sell its 33 per cent stake in Maxis Communications Bhd. BT is selling the stake for 350 million pounds (US$503 million) to local conglomerate Usaha Tegas Sdn. Bhd., already a significant Maxis shareholder, BT said in a statement Friday.

AOL Time Warner, NTL in Europe talks

AOL Time Warner Inc. and U.K. cable company NTL Group Ltd. are discussing possible joint activities in Europe, NTL said Monday.

Gartner: Latin America faces tough IT decisions

Vendors will turn up the heat on Latin America in the coming years because IT spending in the region will grow faster than anywhere in the world, a situation that puts Latin American IT managers in a difficult situation: having to make good purchasing decisions in light of a deluge of vendor overtures, according to a Gartner Group Inc. analyst.

Aussie tech developer sues Siemens, Deutsche Telekom

Australian broadband communications technology company QPSX Ltd. has filed a patent infringement writ in Germany seeking 125 million marks (US$57.6 million) in compensation from Siemens AG and Deutsche Telekom AG over a technology called SAR (Segmentation and Reassembly).

High-speed wireless, but it’s not 3G

Wired broadband solutions so tightly clutched to British Telecommunications PLC's breast might no longer be the future of home Internet access. One of Europe's leading research laboratories, the AT&T Corp. labs in Cambridge, England, has teamed up with Cambridge Broadband to test a pioneering broadband wireless network in the area.

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