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Inland Revenue IT 'glitch' Costs £15bn
News Around ten million people face a state pension shortfall because of a glitch in the Inland Revenue's computer systems. Problems in switching over to a new system meant up to a third of UK workers were not sent reminders for five years between 1997...
[May 15, 2003, 12:12]
Lost HMRC Data 'worth £1.5bn To Criminals'
News The two lost HM Revenue & Customs CDs containing the personal and financial details of 25 million people could be worth £1.5bn to criminals. Liberal Democrat acting leader Vince Cable, speaking in the House of Commons, said a single stolen identity...
[November 29, 2007, 14:52]
Microsoft Must Pay $1.5bn In MP3 Patent Case
News A federal jury in San Diego has ordered Microsoft to pay $1.5bn to Alcatel-Lucent in a patent dispute over MP3 audio technology used in Windows. In its verdict, the jury assessed damages based on each Windows PC sold since May 2003.
[February 23, 2007, 7:52]
BT To Pay £1.5bn For Irish Telco
News British Telecom (quote: BT) is to pay about £1.5bn for Esat, Ireland's second largest telecommunications company, fending off a hostile £1.2bn bid from Norway's Telenor. BT will offer $100 (£62) per Esat American Depositary Share or $50 per share...
[January 11, 2000, 15:49]
Government Department Loses £1.5bn Through IT
News The Department for Work and Pensions is losing an estimated £1.5bn a year due to the introduction of new methods of working and IT systems, Parliament's Public Accounts Committee said on Tuesday. According to its latest report, major organisational...
[October 13, 2005, 11:15]
ID Card Bill Could Reach £15bn
News The ID card scheme could cost up to £15bn, almost three times more than the government's estimates, according to the most detailed analysis issued so far. A full cost breakdown, released today by Kable, estimates that the cards could cost up to...
[June 27, 2005, 17:08]
Government Department Loses £1.5bn Through IT
Talkback It's always reassuring to know our taxes are put to good uses.
[November 15, 2005, 10:25]
Government Department Loses £1.5bn Through IT
Talkback Looks to me that they went ahead without actually knowing what they had, where it was, how it worked, what is important, how to fall-back to the last known good situation or even how to determine what is and isn't good for them before implementing...
[October 14, 2005, 22:13]
US Report: Microsoft Reports A $15bn Year
News Microsoft easily hurdled analysts' expectations in its fourth quarter yesterday, returning a profit of $1.36bn (£834m), or 50 cents a share, on sales of $4bn (£2.45bn). First Call consensus expected the world's largest software developer to earn 48...
[July 17, 1998, 11:11]
MPs Condemn BBC Outsourcing Costs
News The BBC's £1.5bn IT outsourcing deal with Siemens Business Services has come under fire from MPs for over-estimating cost savings and for key projects running late and over budget. The BBC signed the 10-year deal with Siemens Business Services (SBS...
[June 28, 2007, 9:47]
Microsoft Scores Victory In Alcatel-Lucent Suit
News A week after Microsoft was ordered to hand over $1.5bn in an Alcatel-Lucent MP3 patent dispute, a federal judge has ruled that the Windows maker did not violate a patent at the heart of a second trial that was set to begin soon.
[March 5, 2007, 7:06]
'Inept' IT Planning Behind UK Farm-subsidy Chaos
News Poor planning and a lack of testing of IT systems have been blamed for delays in the payment of £1.5bn of vital EU subsidies to thousands of UK farmers. The Rural Payments Agency (RPA) is responsible for administering the Single Payment Scheme (SPS...
[September 6, 2007, 15:57]
News Burst: Internet Christmas Sales To Skyrocket
News US Internet gift sales may hit $15bn (£9.3bn) this Christmas season, according to a report from accountants Ernst & Young. The group estimates sales will be between $12bn and $15bn, based on a survey of 1,200 US consumers.
[November 10, 1999, 10:05]
Ofcom: Copper Can Support High-speed Broadband
News An Ofcom assessment has predicted that DSL over normal copper phone lines could take virtually the whole country to broadband speeds of 50Mbps or more, as long as optical fibre is laid to the street cabinets used by the phone network.
[August 21, 2008, 17:49]
E-commerce Minister: No Rural Broadband Subsidies
News The UK government is still not prepared to subsidise the rollout of broadband to rural areas, as is happening in some other countries, despite increasing concern that a digital divide is emerging between broadband haves and have-nots.
[June 24, 2002, 14:11]
Finding A Funder For Fibre To The Home
News As bandwidth demands continue to increase, the requirement for fibre-optic internet connections has risen up the regulatory agenda. Ofcom is now making obvious signals that it wants the issue investigated and the government is tackling the subject...
[May 6, 2008, 16:23]
BT To Roll Out Fibre To 10m UK Homes
News BT is to roll out fibre connectivity to millions of UK homes, the communications and IT giant announced on Tuesday. The move ends the long-running debate over who would be first to make a major investment in 'next-generation access' (NGA) in the UK.
[July 15, 2008, 11:09]
Sun To Snap Up MySQL For $1bn
News Sun is taking the plunge into the database market with the purchase of open-source database developer MySQL for $1bn (£500m). Sun said it will pay about $800m in cash in exchange for all MySQL stock, and assume approximately $200m in options.
[January 16, 2008, 13:27]
EBay's PayPal Bid Under Scrutiny
News PayPal and its prospective owner, eBay, are under new scrutiny from federal regulators. PayPal received two federal grand jury subpoenas last month concerning its processing of online gambling transactions, in addition to requests from federal...
[August 9, 2002, 14:49]
Nortel To Shed Nearly 10 Percent Of Its Workforce
News Nortel Networks is to lay off nearly 10 percent of its workforce and replace another 3 percent of staff with workers in low-cost countries. The cuts, which will affect 3,900 individuals, were described by Nortel chief executive Mike Zafirovski as...
[February 9, 2007, 16:13]
