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WPP’s Ogilvy Public Relations Worldwide division has acquired 70% of Era Public Relations Company, one of Taiwan’s leading technology-specialist public relations firms, the group announced this morning. Era provides communications services to blue-chip clients including Hewlett Packard, Dell Computer and Oracle and reported revenues of US$1.5 million for the year ended 31 December 2001 and… Continue reading WPP Acquisition Builds Asia-Pacific PR Network

There will be approximately 27 million ‘e-workers’ across Europe by the end of the decade, according to the UK Institute for Employment Studies (IES). Currently, more than 9 million people, or 6% of the entire European workforce, have a job which involves an element of IT. By 2010, this will have risen to a sixth… Continue reading Number Of Euro ‘E-workers’ To Treble By 2010

The market’s fear of the internet, prevalent since the collapse of the dotcom ‘bubble’, may now be showing signs of waning, as the number of company closures begins to fall. The fall-out of the internet and technology markets over the last couple of years has led to the demise of a large number of companies,… Continue reading Insight Analysis: Is Investor Confidence In The Web Returning?

Pace Micro Technology, the set-top box manufacturer, announced today that profits had fallen 70% year on year, reflecting a lack of growth in the digital TV market. Pre-tax profits, before one-off costs, for the year to June totalled £13.1 million, down from £44.3 million for the same period last year. Similarly, sales dropped by a… Continue reading Falling Profits Force Pace To Take Action

Pearson has today ended speculation that it was prepared to sell its FT Business magazines by confirming that the titles are to be retained within the organisation. A management team led by Stephen Hill, former chief executive of the Financial Times Group, had tabled a bid, believed to be in the region of £80 million,… Continue reading Pearson Opts To Keep FT Business

After the most traumatic week in its short history, the French media group, Vivendi Universal, is in the process of effecting a rescue package which the management hopes will enable it to avoid a E1.8 billion shortfall. The heavily-indebted company is believed to have only E2.4 billion in cash reserves as well as unused credit… Continue reading Vivendi Launches Debt Relief Strategy

The beleaguered cable firm, Telewest, has announced that it is to start talks with bondholders and Liberty Media about restructuring its balance sheet. In a letter sent to shareholders today, the board confirmed that Liberty, which has a 25% share in the company, had made an offer to buy 20% of Telewest’s outstanding bonds. Chairman… Continue reading Telewest Agrees To Discuss Refinancing

Shares in Pace Micro Technology, the set-top box manufacturer, have fallen by over 40% following news that it has agreed a revised contract with BSkyB that will severly cut into profits. Under the new arrangement, Pace will now supply its video recorders at a discounted rate until next April in return for a share of… Continue reading Pace Counts Cost Of New Sky Deal

Wireless gaming over mobile networks will be an industry worth $4.4 billion globally by 2006, according to new research from Ovum. The group says that South Korea and Japan will provide the blueprint for the development of the wireless gaming market. For some time now, the mobile industry has been waiting on the much lauded… Continue reading Wireless Gaming Could Bring Relief To Mobile Operators

The volume of email is predicted to increase twofold in the next few years, according to a new study from IDC. Worldwide Email Usage Forecast, 2002-2006: Know What’s Coming Your Way estimates that the number of emails sent will increase from 31 billion this year to more than 60 billion in 2006. Person-to-person emails will… Continue reading Email To Double By 2006, Says IDC