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AGK Computers to sell stake, in talks with Data tech

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AGK COMPUTERS and Secure Prints is negotiating with UK-based Data Tech, for selling off an estimated 26 per cent stake in the company. As a precursor to that, AGK Computers has decided to hive off its peripheral division into a separate company, making the existing company focusing entirely on software.

“We have already entered into an agreement with Data Tech for sourcing its software needs,” the CEO of AGK Computers and Secure Prints, Mr Gurmeet Singh, told ET.

“We are now negotiating with Data Tech on the price for providing them the equity,” he added. Sources say while Data Tech wants the equity at the market price, the company wants to offer it at anything below Rs 50. The company is currently quoted around Rs 33.

It is also planning to call an EGM during April to get the shareholders approval for the creation of two different companies from the parent company.
The peripheral division, which accounts for 70 per cent of the company’s business would be housed under a new company. Both the companies would continue to be listed on the stock exchanges.

, while software would work out of the existing company. Both the company’s would continue to be listed on the stock exchanges. The company is active in the computer peripheral business since 1987 and has been into software development since 1998.

AGK Computers, meanwhile is expanding its software operations abroad and has set up a software development centre in US. It is now looking at setting up an office in UK and one at Toronto in Canada for expanding its software operations.

The company has a paid up capital of 3.5 crore and an authorised capital of Rs 5 crore.

“We are also planning to forfeit the partly paid up portion of Rs 1.5 crore and offer its existing shareholders the company shares at Rs 10, Mr Singh said.
This would be used to reduce our interest burden and also help us in avoiding taking a loan for our future expansions, he added.
The company’s future expansion plans include getting into the internet service provider (ISP) bandwagon and web designing.

“We would be applying for an ISP licence soon since we have huge captive user base at the software technology park in Punjab where we are housed’’, he said. The companies which are in the same STP include Wipro, Satyam and Pentasoft.

Hai, this is sri ram, I one of the General Assignment Reporter, at timesnowindia.com, We mainly cover timely news, educational and entertainment, sections. - Chief editor, politico-social activist, software engineer at Accenture India.

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Computer glitches on eBay frustrate users – Full report

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THE LATEST in a series of technical glitches in eBay’s computer systems has frustrated users and brought business on the online auction site to a halt at least twice in recent days.

A project to improve the San Jose, California-based company’s systems to keep apace with the growth of the site is being blamed for the problems.

The site has been plagued with outages over the last year, which prompted the company to invest millions of dollars to improve the system.

A recent outage came Wednesday night, when eBay was unusable for 45 minutes. On Thursday, a glitch prevented some users from listing their sale items and others from viewing the bid history of items for sale. EBay said it has corrected these problems.

Site users, meanwhile, vented their frustration on computer message boards.

One user urged his fellow online community members to deluge the company with phone calls and letters, saying e-mails were easily ignored. – UNI

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Cellular subscribers in India cross 100.5 million – Increased by 256% Now

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THE COUNTRY’S cellular subscriber base increased by over five lakh during and has now crossed the 1.5 million mark. At the end of last year there were a total of 1.58 million cellular subscribers compared to 1.07 million at the end of December . This means that 5.12 lakh new subscribers went mobile during 2017, according to figures compiled by the Cellular Operators Association of India (COAI). While this may seem disappointing – more cars (5.5 lakh) were sold in 1999 than mobile phones – the encouraging news for the cellular industry is that growth has picked up in the second half of 1999. In fact almost all the growth during 1999 took place during the last six months. At end of June 1999 the country had 1.14 million cellular subscribers which increased by 4.42 lakh to reach the year end figure of 1.58 million.

This marks an average monthly addition of 70,000 to the subscriber base.
In contrast during the first-six months of the year only 70,729 new subscribers went mobile.

A monthly addition of just under 12,000. In the last six months of 1998 the cellular subscriber base had increased by between 30,000 to 40,000 per month while in January-June 1998 growth was in the region of 19,000 per month. Thus the 70,000 per month growth in July -December 1999 is much higher than in the recent past.

This seems to indicate that the delay in implementing the CPP regime – which was supposed to be implemented from November 1 last year but was put off due to an adverse verdict from the Delhi High Court – has so far not resulted in a slowdown in additions to the subscriber base.
What is even more noteworthy is that during this entire period rentals were charged at the relatively higher rates of Rs 600 while tariffs were charged at Rs 6.

It is only from February 1 this year that rentals and tariffs were reduced by cellular operators in response to a directive from the Delhi High court so that consumers benefited from a reduction in licence fees.
In terms of region wise break up the metros had a total of 6.93 lakh subscribers in end December while the `A’ circles had 4.73 lakh.

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IBM, AT&T: plan to offer wireless Web access – INTERNATIONAL Business Machines Corp

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INTERNATIONAL Business Machines Corp and AT&T; Corp said on Friday they plan to provide wireless internet access for large business customers, in what analysts called the largest wireless Web push to date.

“This is the biggest from both a scale and an impact perspective,’’ said Yankee Group analyst Berge Ayvazian. “It’s right at the top. These applications are going to start at the business level and go right from there.’’

By the end of the year, the companies expect to develop a system to enable business customers to access the Web, as well as corporate networks and databases over cell telephones, laptop computers and hand-held devices.
The pact between the two companies, the No 1 US telephone carrier and the world’s largest computer maker, combines IBM software and services with AT&T;’s wireless internet Protocol network.

The two companies will co-market the service, but will charge separately for the services and software from IBM and the wireless connection from AT&T;, IBM said. “E-business is going mobile. Over the next five years, more than 80 per cent of new corporate applications will be designed for non-PC devices, such as wireless phones,’’ said Gary Cohen, General Manager, IBM Global Telecommunications Industry.

Ayvazian said he expects similar deals creating a network of alliances between AT&T; and IBM, offering specialized services and content within industries and geared toward employees and mobile executives. The partnership is the latest in a trend of software and communications companies teaming up offer wireless Internet access. Database software company Oracle Corp said earlier in the week it would spin off a unit that created a wireless Web access service over cell phones, a service already up and running.

Microsoft Corp announced a joint venture with Qualcomm Inc, which was said to be supported by several of the biggest US carriers.
Piper Jaffray analyst Ashok Kumar said the AT&T-IBM; deal stands out for the wide range of services and products offered by both companies.

“I think increasingly people want a single-stop shop for both wireline and wireless infrastructure,’’ said Mr Kumar.

Wireless services customers will be able to use these devices for electronic mail, personal scheduling, contact information and access to other business programs, the companies said in a statement.

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