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EUROPEAN TECH WIRE - June 30, 2005
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o Motorola Acquires U.K.-Based Sendo for Undisclosed Sum
o T-Online to Acquire Spain-Based Albura for 61.5 Million Euro
o Report: U.K. Venture Capitalists Increasingly Looking Abroad
o Sequoia Raises 165-Million-Euro Fund for Israel Tech Firms
o German Prosecutors Target Buyers of Pirated Movies, Software
o EU Approves IBM Acquisition of Italy's GV and GV Services
o Report: Wave of Trojan Attacks on U.K. Originated in China
o Briefly Noted: Smart Holograms-Andrew Williams, Suomen
3G-Finnish Government, Groove Mobile-PTC
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o Motorola Acquires U.K.-Based Sendo for Undisclosed Sum
Birmingham, England -- Motorola, a U.S.-based mobile-phone
company, announced that it has acquired the research and development
operation and IP portfolio of Sendo, a U.K.-based mobile firm.
Financial details were not disclosed. Sendo's R&D unit currently
employs about 200 engineers, 170 of whom are based in the U.K., with
the rest based in Singapore. Motorola said it planned to integrate the
engineers into its Mobile Devices business, while preserving the team's
focus on designing technologies that allow wireless operators to deliver
value-added services. The U.S.-based firm also acquired Sendo's entire
IP portfolio, including 50 existing and 40 pending patents. The
remainder of Sendo has been put in administration.
http://www.motorola.com/
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o T-Online to Acquire Spain-Based Albura for 61.5 Million Euro
Madrid -- T-Online International, a division of Germany-based
telecommunications group Deutsche Telekom, announced that it has
agreed to acquire Albura, a Spain-based network operator. T-Online
said it would pay Spanish group Red Electrica de Espana
approximately 61.5 million euro, including debt, for the company.
What's more, a long-term usage agreement with Red Electrica will
guarantee T-Online access to a modern network infrastructure in Spain,
the German company said. T-Online said it would pursue its goal of
60% DSL-network demand coverage by the end of next year. The
company's existing network currently covers about 40% of the Spanish
market, including six metropolitan and 50 regional areas.
http://www.t-online.net/c/46/78/53/4678536.html
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o Report: U.K. Venture Capitalists Increasingly Looking Abroad
London -- According to a new survey by Portman Travel, a U.K.-based
business travel management consultancy, venture capitalists in the U.K.
are increasingly looking abroad for new business ideas and
opportunities to invest. Portman's survey of 50 U.K.-based venture-
capital and private-equity firms found that were looking for new
opportunities mostly in South America and Eastern Europe, especially
in Brazil, Hungary, Romania, Russia and the Ukraine. "We have found
that the VCs we surveyed would travel to the U.S. and China if offered
a plane ticket today, but that many favoured the long-term prospects of
countries that are less crowded in the overseas 'gold rush' for real
business opportunities," said Bob Govan, Portman Travel's marketing
and development director.
http://www.portmantravel.co.uk/
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o Sequoia Raises 165-Million-Euro Fund for Israel Tech Firms
Jerusalem -- Sequoia Capital, a California-based venture-capital firm,
announced that it has raised approximately 165 million euro for its third
Israeli fund, bringing the total amount of funds under management in
the country to 323 million euro. Sequoia Managing Partner Haim
Sadger said demand for the fund was more than double the amount
raised and that most of the participants were return investors drawn by
the Sequoia name and the prospect of investing in Israel. "It was a
relatively short and easy round, and everybody took part with
enthusiasm," he said. Sequoia, which targets early stage Israeli
companies in the components, systems and software industries, said it
would use the funds to invest in new companies to its portfolio.
http://www.sequoiacap.com/
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o German Prosecutors Target Buyers of Pirated Movies, Software
London -- Prosecutors in Germany have begun criminal proceedings
against the first of some 15,000 users who allegedly knowingly paid to
download pirated movies and software on the Internet, The Register
reported. Authorities last year arrested two brothers operating a
download service called Ftpwelt.com, alleging the men had profited
more than 1 million euro from sales of pirated movies, games and
software on the site. In addition to pressing charges against the
operators of Ftpwelt.com, German prosecutors have also narrowed a
list of consumers who purchased pirated content from the site from
45,000 to 15,000. Those consumers now face potential lawsuits, fines
and even prison time.
http://www.theregister.co.uk/2005/06/28/german_warez_case
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o EU Approves IBM Acquisition of Italy's GV and GV Services
Brussels -- The European Commission announced that it has approved
the proposed acquisition of Global Value (GV) and Global Value
Services (GV Services) of Italy by IBM Italia, the local subsidiary of
U.S.-based technology giant IBM. GV Services is active in the design
and operation of IT infrastructures and IT application development and
maintenance, while GV takes care of the marketing and distribution of
GV Services's output, predominantly in Italy. GVEntity is currently
jointly controlled by IBM Italia and Business Solutions, a wholly
owned subsidiary of Italy-based Fiat. The Commission said the
proposed acquisition was examined under the simplified merger review
procedure.
http://makeashorterlink.com/?Y50552DA8
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o Report: Wave of Trojan Attacks on U.K. Originated in China
London -- According to U.K.-based email security firm MessageLabs,
the flood of "industrial-strength" malicious programmes that has
overwhelmed as many as 300 U.K. businesses and government offices
over the last few weeks originated in China. The company, however,
added that it would be wrong to conclude that Chinese hackers were
responsible for the Trojan horse attacks. "MessageLabs can confirm
that the source of the IP addresses originates in China, but there's a
much bigger and broader problem here," said MessageLabs CTO Mark
Sunner. "The 'China' word is not meaningless, but it doesn't mean they
are the perpetrators."
http://www.messagelabs.com/home/default.asp
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o Briefly Noted:
(Cambridge, England) Smart Holograms Ltd., an early stage sensor-
hologram technology company based in the U.K., announced that it has
appointed Andrew Williams as its new chief financial officer. Prior to
joining Smart Holograms, Williams served as vice president of finance
at Cambridge Antibody Technology. "(Williams) combines extensive
Blue Chip financial experience which, with his demonstrated ability at
CAT, shaped and executed a financial strategy that enabled rapid
development of this emerging biotech firm to become a highly
successful, international, publicly-quoted company," said Smart
Holograms CEO Frank Craig.
http://makeashorterlink.com/?J61621B5B
(Helsinki) The Finnish government announced that it has cancelled a
3G licence awarded to operator Suomen 3G, a subsidiary of Sweden-
based Tele2, because the company did not build its network in time.
"We cancelled Suomen 3G's licence because we found out that they
don't have (a) network, and, according to the licence terms, they should
have (had one)," said Riku Ahola, Finland's Minister of Transport and
Communications. "At the end of last year, we … gave them a last
chance, but they did not do it." Ahola said the frequencies would either
be allocated to Elisa, Finnet and TeliaSonera -- the three other
companies with 3G licenses -- or be kept in reserves.
http://makeashorterlink.com/?I1C321B5B
(Andover, Massachusetts) Groove Mobile, a U.S.-based provider of
mobile music download services, announced that it has partnered with
Polish wireless carrier PTC to launch Poland's first full-track mobile
music download service. Groove Mobile's library of tracks from labels
including EMI, Warner and V2 will be available to PTC's nearly 9
million subscribers. With the deal, Groove Mobile further extends its
reach to more than 33 million mobile-phone subscribers worldwide, the
company said.
http://biz.yahoo.com/prnews/050629/law017.html?.v=15
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