Monthly Archives: August 2003

Changing IP policy of local universities

MALAYSIA Venture Capital Management Bhd (Mavcap) is calling for some modifications to the existing University Act, especially with regard to the intellectual property (IP) policy, to encourage moreinformation and communications technology (ICT) research work within the campus fraternity. Its chief […]

ADDING and REPLACING QIC Deploys Eagle’s Portfolio Management Solution; Eagle’s Leading-Edge Technology Positions QIC for Further Growth

BOSTON & QUEENSLAND, Australia–(BUSINESS WIRE)–Aug. 17, 2003–ADD to BW 5001 (MA-EAGLE-INVESTMENT) after seventh graph xxx service to its clients. New text as follows: For more information about QIC, please visit www.qic.com. The corrected release reads: QIC Deploys Eagle’s Portfolio Management […]

Silicon Valley Sees Rise, Fall of Telecommunications, Networking Firms

Aug. 17–In the two years since the noisy collapse of the telecom and networking industries, little to nothing has been heard from the 10 giant Silicon Valley telecom and networking start-ups thathad been funded with hundreds of millions of dollars […]

Social Networking Sparks Venture Capital Interest

Aug. 17–The first generation of dot-com companies might be dead. But another one is sprouting. Venture capitalists are opening up their wallets with caution to hot “social networking” start-ups, or those companies that help you connect with friends to help […]

Hispanic Investment-Banking Company to Open San Antonio Trading Floor

Aug. 16–The owner of the first Hispanic investment-banking firm in San Antonio has branched into investment management services and stock exchange ownership. It’s part of plans to build a diversified financial services company that will have a trading floor downtown. […]

Telewest finance head quits with pounds 400,000

The finance director of Telewest quit yesterday ahead of an expected boardroom clear-out as the cable operator nears the completion of its protracted pounds 3.5bn debt restructuring. Insiders at the company insisted that the resignation of Mark Luiz was not […]

Market forces: Surging Standard

What is going on at Standard Chartered? Since last week’s disappointing interim results, the share price of the emerging markets banking group has risen from 774.5p to 860p last night, a gain of 11%. Aside from the fact that hedge […]

RenaissanceRe Files Second Quarter 10-Q, Clarifies Presentation of Certain Investment Activity

PEMBROKE, Bermuda–(BUSINESS WIRE)–Aug. 15, 2003–In connection with the filing of its Form 10-Q for the quarter ended June 30, 2003, RenaissanceRe Holdings Ltd. (NYSE:RNR) noted that the Companyhas reflected its equity appreciation related to its investments in hedge funds and […]

Start-Ups Know What Friends Are For

WHEN BILL FRITSCH started his own advertising firm in September 2001, he didn’t even consider talking to venture capitalists. Instead, the refugee of the dot-com bust – who has spent the past twodecades in advertising – created a list of […]

Centillium Communications Appoints Hassan Parsa Vice President of Business Development; Industry Veteran to Drive Business Development and Strategic Partnership Initiatives

FREMONT, Calif.–(BUSINESS WIRE)–Aug. 15, 2003–Centillium Communications, Inc. (Nasdaq:CTLM), innovator of broadband communications technology, today announced the addition of venture capital andnetworking industry veteran Hassan Parsa as Vice President of Business Development. Reporting directly to Centillium’s Chief Executive Officer and Co-founder, […]

Massachusetts Treasury Fires Pension Agency Manager, Surprises Many

Aug. 15–State Treasurer Timothy Cahill yesterday ousted James Hearty, the executive director of the state agency that runs the $28 billion employee pension fund, replacing him with a corporatefinance executive with a decade of economic development and investing experience in […]

US recovery signs sparked Fed’s interest rate caution

THE US Federal Reserve held back from cutting interest rates by a half-point in June for fears of signalling to Wall Street it had come to the end of its campaign to stimulate an economic recovery,it emerged yesterday. The central […]