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INFOTECH INDIA | Tech Briefs: APRIL 2011

O-Zone - Alcatel: 20,000 Wi-Fi Hotspots in India Soon
Satyam, PWC: Pay Penalties for Frauds
LG: Dual Core Processor Smartphone

O-Zone - Alcatel: 20,000 Wi-Fi Hotspots in India Soon

Internet service provider O-Zone Network and telecom equipment maker Alcatel Lucent recently signed an agreement for jointly developing Wi-Fi hotspots across India.

Alcatel Lucent will provide technology to O-Zone that will enable seamless migration of telecom users from their existing mobile networks to Wi-Fi -- a wireless internet service -- whenever the user is within the Wi-Fi hotspots developed by O-Zone.

“We have an agreement with Cafe Coffee Day, Hard Rock Café, DLF, Trident, Fortis and others to create Wi-Fi hotspots in their premises,” O-Zone Networks CEO and founder Sanjiv Bobby Sarin told PTI.

Sarin mentioned that the company has 5,000 Wi-Fi hotspots in its list, out of which 3,000 hotspots are already providing service. O-Zone has plans to create 20,000 Wi-Fi hotspots in India.

“Telecom service providers are looking for easing load on their network and use their spectrum efficiently. Hence, there is ample opportunity coming up for Wi-Fi hotspots in India,” said Munish Seth, Alcatel Lucent India managing director, India regional Unit. Sarin added that O-Zone already has partnered with Airtel for its Wi-Fi service and is in talks with other telecom service providers in India for creating Wi-Fi hotspots in partnership with them.

“In the West, telecom companies have seen their bandwidth getting choked because of download of video applications. There, operators have 20 Mhz of spectrum for running 3G service and in India, you have only 5 Mhz. This shows the need for offloading the network of telecom companies by alternate mechanisms like Wi-Fi,” Sarin said.

Alcatel Lucent will provide an intelligent network for the Wi-Fi service of O-Zone, which will help users migrate from their 3G or 2G network to Wi-Fi without them having to make an effort to connect to the Wi-Fi network.


Satyam, PWC: Pay Penalties for Frauds

India’s scandal-hit Satyam Computer Services Ltd. and five PriceWaterhouseCoopers International Ltd. affiliates have agreed to pay $17.5 million to settle claims by U.S. regulators over an alleged $1 billion accounting fraud.

To settle the U.S. Securities and Exchange Commission's suit, filed in a Washington Federal Court, Satyam Tuesday agreed to pay a $10 million penalty while five PriceWaterhouseCoopers LLP affiliates in India that audited Satyam agreed to a $6 million civil penalty.

It was the largest ever penalty to be paid by a foreign-based accounting firm in an SEC enforcement action to settle allegations that they conducted deficient audits of the company's financial statements from 2005 to January 2009.

Satyam also agreed to have its officers undergo training on securities laws and accounting principles, fix its internal audit functions, and hire an independent consultant to evaluate those new internal controls, the commission said.

The SEC complaint alleges that former officers of the Hyderabad-based information technology service provider forged bank statements and more than 6,000 fake invoices to overstate the company's revenue, income and cash balances by more than $1 billion from at least 2003 through September 2008.

The Public Company Accounting Oversight Board (PCOAB) also announced its own settled disciplinary order against the five PriceWaterhouseCoopers affiliates based in India, all of which the board said had violated its quality control standards. The board said it issued a $1.5 million penalty against two of the firms.

The complaint follows a Wells notice that the SEC issued to Satyam in September 2009 after the massive fraud was unveiled that January, when the company’s then-chairman B. Ramalinga Raju disclosed financial irregularities.

That year, the Indian government took over the company by replacing the members of its board of directors and removing former top managers, the SEC noted.

Satyam’s new leadership has been cooperating with the SEC's ongoing probe of the scheme, and the company did not admit or deny any allegations in the immediate complaint, the agency said.

The commission claimed that the audit failures of Lovelock & Lewes, Price Waterhouse Bangalore, Price Waterhouse & Co. Bangalore, Price Waterhouse Calcutta and Price Waterhouse & Co. Kolkata were evidence of a quality control problem that extended beyond Satyam to all of the units' work in India.

In an SEC order enforcing the sanctions, the units also agreed not to take on any new U.S.-based clients for the next six months.

Satyam's deal with the SEC follows a $125 million class settlement agreement it struck in February to exit multidistrict securities litigation brought by investors who claimed the company cost them billions of dollars by inflating its value.


LG: Dual Core Processor Smartphone

Eyeing fast-growing smartphone market in India, LG said it plans to launch a range of phones in this particular segment this year. The company also announced the introduction of world's first ‘Dual Core’ processor smartphone, Optimus 2X, in India.

With focus on the smartphone series, LG plans to dedicate 40 per cent of the launches to high-end phones in 2011, further expecting to increase the category market share to 10-12 per cent. The company has also earmarked Rs. 250 Crores for strengthening the infrastructure for retail development and marketing activities.

With the launch of Android-based Optimus smartphones, LG has further strengthened its portfolio with setting benchmarks in word-class technology. Optimus range will get ten more devices in the next six months.

Priced at Rs.30,000, Optimus 2X is the first phone to run on Nvidia's new Tegra 2 chipset, which promises excellent mobile experience. It is an exceptional smartphone as it delivers powerful performance with the dual-core processor, as well as enhanced user interface and multimedia experience..



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Indians Bleed Blue:
World Cup After 28 Years
Wankhede Stadium was set ablaze as a billion-strong nation cheered the Boys in Blue and the Bay Area was not to be left out of the action, write Priyanka Bhardwaj and Amit Agarwal.

Emerging Entrepreneurs:
Future of Indian Technology
A new breed of entrepreneurs in India’s technology industry is willing to follow the U.S. model of startups and is ready to take on the challenges thrown at them, writes Vivek Wadhwa.

Illegal Betting:
The Dark Side of Cricket & Politics
Cricket in India has not been spared from the wrath of illegal betting or satta, writes Siddharth Srivastava.

EDITORIAL: Bleeding Blue
SUBCONTINENT: Lessons from Japan
COMMUNITY: Ambassador Visits ICC
VERDICT: Mercy Killing Gets a Nod
BUSINESS: AT&T - T-Mobile Merger
FINANCE: State Bank in Fremont, CA
CELEBRATION: Remembering Faiz
AUTO REVIEW: 2011 Volvo S60 T6
RECIPE: Aloo Matar Ka Samosa
ESSAY: Main Street in Motion
BOLLYWOOD: Review: Life Goes On
TAMIL FILM: Singam Puli
COMMUNITY: News Briefs

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