Motorola, Inc. through Motorola Ventures, its strategic venture capital arm, has made an equity investment in Tango Networks, Inc., a privately held supplier of hardware and software that integrates mobile phones with corporate telephone networks. Tango Networks is developing the Abrazo, a mobility solution, which enables any mobile phone to become a PBX extension on
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PandaLabs, Panda Software’s malware detection laboratory, has detected the mass-mailing of messages containing the Nurech.A worm. This worm has been spreading rapidly over the last few days, and has infected hundreds of computers. As a result, it is now one of the top ten viruses detected by ActiveScan, Panda Software’s free online solution. Given the
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The world is abuzz with talk of climate change. The topic received top billing at this year’s World Economic Forum in Davos; the Intergovernmental Panel on Climate Change is to publish a long-awaited study on the latest scientific findings; and the issue was even mentioned in President Bush’s State of the Union address. Policies to
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Forecast of EUR 600 mln profits by 2009 Â After weeks of takeover rumours and bids in the banking sector, the Bank of Cyprus is set to go on the offensive when it announces details of its three-year strategic growth plan on Wednesday. The banking giant is also expected to release its preliminary 2006 results
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The Electricity Authority of Cyprus is ready to implement an emergency power plan for the abandoned city of Famagusta if and when this is returned to the Greek Cypriot refugees, a presentation concluded on Tuesday. As it is damaged beyond beyond repair, rebuilding the electricity supply grid of the ghost town would cost upward of
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Cyprus is ready to launch its first international offshore bidding round for 11 southern exploration blocks for liquefied natural gas (LNG) next week, despite Turkey’s efforts to create tension in the area with war games in an effort to fend off potential bidders for the project. The first round for the submission of applications for
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The European Commission has delayed for two weeks its decision on whether to give its approval to a crucial CYP 70 mln (EUR 120 mln) loan that Cyprus Airways (CAIR) is seeking from the Cyprus government. The decision was scheduled to be discussed on Wednesday, but there was a delay considering that four directorates have
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It is obvious that the whole issue about liquid gas exploration off the southern coast of Cyprus has been blown out of proportion in a game in which we are new, or even, amateur players. Yet, Turkey’s insistence to have a say in the whole matter makes one wonder if Ankara knows something we don’t.
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GUEST COLUMN: By Andreas Petrou Cyprus International Institute of Management  The public has probably realised that there is a lot at stake in the recent fight between Laiki Marfin and Bank of Piraeus, given the banks’ determination. However, the reader may wonder, why? Below I will try to provide an explanation by analysing the
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Pursuant to the terms of the Prospectus dated March 12, 2003, the exercise period of the Woolworth (Cyprus) Properties Warrants 2007 will be between March 1 – 31, 2007. The last exercise date and also the expiry date is on March 30, 2007.The exercise price of Warrants 2007 is CYP0.30 per share of nominal value
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