The game behind the gaming: charges of GTech misconduct fail to shake investors

Article Abstract:

GTech Holdings said it would sell to its partners its 22.5% stake in the Camelot Group, which the lottery computer systems and support services organized to operate the British lottery. The Apr 1, 1998, announcement illustrates GTech's struggle to maintain its business in Great Britain following a recent bribery scandal involving its leadership. GTech also hopes that the controversy will not affect its other 33 international markets, including the US. The company's most recent move will forgo its annual $18 million annual share of Camelot earnings, but GTech hopes to retain its approximate $53 million in annual earnings from its pact with the consortium to provide sophisticated technology and equipment. Great Britain's National Lottery said it would decide shortly whether GTech would have the right to maintain any role in the lottery. Troubles began when a London jury convicted GTech co-founder Guy B. Snowden of bribing British billionaire Richard Branson.

Computer Services NEC, Computer Systems Design and Related Services, Computer related services, not elsewhere classified, Planning, Mergers, acquisitions and divestments, Computer services industry, Information technology services industry, Information technology services, GTECH Holdings Corp., GTK, Company business planning

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When frequent fliers could use a compass; new services help manage the mileage

Article Abstract:

The expansion of frequent-flier mile programs has resulted in complicated record-keeping activities for consumers, but the creation of computer software and services that help manage these programs will simplify the process. The services manage accounts, track mileage and follow-up with airlines if they do not credit a flight. However, the cost of these services may outweigh their value. Frequent Flyer Services charges customers $124 annually to receive all frequent-flier reports and to send a consolidated monthly report. Computer software aids consumers interested in managing their own mileage, but the programs can be time consuming. Syphrosyny LLC's $29.95 Max Miles program requires careful data entry of all airline, hotel or other provider information. Frequent Travel Management's $49.95 Airmax program supplies quarterly and yearly updates for a nominal $19.95 fee. Most programs offer telephone support, but immediate responses are not available.

Management, Usage, Product information, Frequent flyer programs, Personal/home software, Home software, Syphrosyny L.L.C., Frequent Travel Management Inc., Max Miles (Personal/home software), Airmax (Personal/home software)

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New York striving to become technology's creative center

Article Abstract:

New York City could leverage its vast collection of writers and artists into become a center for multimedia content creation. New York has traditionally been left out of technological booms, loosing out to centers such as San Francisco, Seattle and Boston. Multimedia, however, demands creative input as well as technological innovation, which few cities can provide better than New York. Mid-town Manhattan including the Soho, TriBeCa and Flatiron districts is home to a multitude of small start-up multimedia content companies. Several large companies including Microsoft and Sony have established offices to provide services to the city's large book and newspaper publishing companies. New York University has established the Center for Digital Multimedia with a $1 million state grant. Several trade associations have been formed by companies such as Nynex, IBM and Con Edison to promote the multimedia business environment.

Market share, New York, New York, Multimedia technology, Multimedia systems

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