VENTURE capital firm ACT has splashed out €10 million to take a stake in Dublin-based Silicon & Software Systems (S3), a specialist in advanced software for use in microchips and mobile phones.

A MAJOR policy switch from foreign investment towards developing home-grown entrepreneurs is expected later this week, with the launch of Enterprise Ireland’s new strategy on Wednesday.

Exel has been selected to provide a range of new logistics services for Lucent Technologies in Blanchardstown, Dublin.

IMI’s 2005 conference is designed to ensure the country stays in the top flight of global economic performers in the years ahead.

Mobile phone group mmO2 is to trial technology allowing users to download music, video clips and games three times faster than existing third generation networks, it said today.

Stocks sagged on Wall Street today after Coca-Cola and several other companies issued gloomy forecasts, and lower-than-expected figures on industrial production for August threw the broader US economic outlook into question.

Initial shares of Google were priced late yesterday at $85 (€68.88), the low end of a range revised downward just hours earlier, humbling expectations for the most-trumpeted internet company public stock offering since the dot-com boom went bust.

THE American telecommunications company Bell Labs plans to develop two state-of-the-art research centres in Ireland at a total cost of €69 million.

BT today announced the appointment of François Barrault as President, BT International, taking responsibility for BT's operations in Europe, Americas and Asia-Pacific.

A small rally halted Wall Street’s five-day losing streak today, but a lack of market-moving news and light volume meant there was little conviction behind the gains. Tech stocks, which bore the brunt of the market’s recent selling, regained the most ground.

Strong bank earnings pushed the Dow Jones industrial average and the Standard & Poor's 500 index to new 22-month highs.

DEPENDING where you seek an opinion, 2003 was, in employment terms, “disappointing”, characterised by a “strong performance” or “encouraging” — but only in its omens for 2004.

IRISH industry will have to become more productive, inventive and flexible to survive the increasingly competitive global market, Tánaiste Mary Harney warned.

Lucent Technologies, as anticipated, posted a loss in the third quarter as sales took another nosedive.

120 jobs are to go at Dublin-based US telecom company, Lucent Technologies.

The Dow Jones industrials and Standard & Poor’s 500 ended their five-day winning streak today as investors cashed in their profits.

The stock market stalled today, held back by a reported investigation of Boeing and profit-taking from Wall Street’s recent rally. Shares closed mixed in light trading.

TELECOMMUNICATIONS equipment giant Lucent Technologies is still optimistic it will be back in profits by the end of its 2003 financial year. It is sticking to its earlier forecast despite a sharp dip in its fourth quarter results showing a steep increase in losses to 64c a share.

Openet has named Mr Tony Melvin as its new vice president of professional services.

Network365, a developer of wireless application platforms, which enable mobile functions is to play an important role in the worldwide development of standardised payment systems for mobile services and devices.

Lucent Technologies [NYSE: LU] has lowered its expected revenues for the latest quarter and sees a delay in returning to profitability.

Avaya, a spin-off of Lucent Technologies, is planning a $200m (€229m) cost-cutting exercise which includes the loss of 1,900 positions globally.

US investors, attracted to Wall Street by cheaper prices, today set aside nagging pessimism about the economy and indulged in late-session buying.

Profit warnings from Ciena and Lucent Technologies, and news of more layoffs and deteriorating retail sales, unnerved Wall Street today and prompted heavy selling.

Stock prices dropped sharply on Wall Street today with the Dow industrials tumbling by triple digits for a second day on a spate of bad news.

A US trader posted a bogus press release on the internet that caused the stock of Lucent Technologies to drop last March.