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/ 13 October 2004

DreamWorks set price range for IPO

DreamWorks Animation, which in the past decade has become one of the leaders in film animation, made a move toward going public on Tuesday by filing estimated terms of its initial public offering (IPO). The company said that it plans to offer 29-million shares at to each with expected proceeds of about -million in its initial public offering.

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/ 13 October 2004

Google plans big expansion in India

Leading internet search engine Google said on Tuesday it was planning a big expansion of its India operations which are run from the southern cities of Hyderabad and Bangalore. ”We are committed to substantial growth in terms of both manpower and infrastructure at both these offices,” Sergey Brin, co-founder of the search engine, told reporters at a press conference.

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/ 13 October 2004

State shows link between Shaik, Zuma

State prosecutor Billy Downer made a slide presentation to the Durban High Court on Wednesday showing the link between Schabir Shaik and Deputy President Jacob Zuma.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?cg=BreakingNews-National&ao=123676">NPA believes Woods may testify</a>
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/pd.asp?cg=BreakingNews-National&ao=123640">MPs need OK for Shaik trial</a>
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<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/pd.asp?cg=BreakingNews-National&ao=123595">TV station loses bid to film Shaik trial</a>

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/ 13 October 2004

Mauritania arrests coup mastermind

The Mauritanian government has arrested Saleh Ould Hanenna, the mastermind of last year’s military uprising against President Maaouiya Ould Taya, who had been on the run for 16 months. Attorney General Mohamed El Ghaith Ould Oumar said the former army major was caught on Saturday in Rosso, a town on the southern border with Senegal.

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/ 13 October 2004

Didata denies shedding jobs

Information technology group Dimension Data (Didata) said on Wednesday it is not planning to shed jobs in its Johannesburg global services centre (GSC) in favour of India, or relocating its local call centres to India. Singapore-listed subsidiary Datacraft Asia has launched a GSC in Bangalore.

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/ 13 October 2004

Telling it straight and narrow

More than 60-million viewers saw the first United States presidential debate; the second also drew a mammoth audience, up 50% on the debates of 2000. But this election’s most intense political communication has bypassed the vast majority of the American public.

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/ 13 October 2004

Armenia’s only elephant to get an Indian companion

The only male elephant in Armenia’s zoo will get an Indian female companion this week, a news report said on Wednesday. Armenian officials had asked the Indian government for a female pachyderm in 1999, for its sole male elephant originally from Moscow. Indian premier Atal Behari Vajpayee promised them an elephant during a visit to Armenia last year.