UK: BRITISH FIRM SUES Y2K CONSULTANTS

Article Abstract:

A leading British electronics company has employed IT Law firm, Massons, to sue IT consultants for misrepresentation and breach of contract. The British electronics company, who remains anonymous, were told their computer system was not millennium compliant and the only option was to have a complete new computer system installed. Once the British firm had agreed to the work the fee doubled from GB[pound] 200,000 to GB[pound] 400,000. The British company was also told due to the increased workload the consultants would not reach its first deadline in October 1999. However, the British firm's in-house IT experts came up with a much cheaper alternative, an upgrade of the existing computer system. Mr Clive Seddon, IT partner at Massons, has revealed that many more firms are suing IT consultants, but not for failing to protect companies from the millennium bug but for over exaggerating the threat and the level of work required.

Legal issues & crime, Product standards, safety, & recalls, Computer software industry, Software industry, Cases, Computer services industry, Information technology services industry

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IT sets out its own market stall

Article Abstract:

There have been mixed reactions to the decision by the UK Stock Exchange to create a separate sector for all 112 UK listed information technology (IT) firms from Apr 1, 1999. There is general approval for the spirit which motivated this decision, but there has been strong criticism of the detail. Some observers feel that FTSE International, which is responsible for Stock Exchange classifications, has sought to impose narrow definitions on a rapidly evolving industry by splitting the IT sector into six sub-sectors.

Securities and Commodity Exchanges, Securities Exchanges, Management, Stock-exchange, Stock exchanges, Exchanges, Information technology, Securities industry, Securities

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Welcome to Silicon Beach

Article Abstract:

The seaside town of Brighton, England, has been successful in attracting many high-tech firms. It now has 300 companies in various areas of the media, including website design and CD-Rom publishing. These companies employ 3,000 people and have total revenues of 300 million pounds sterling. Academic institutions in the area such as Sussex University have often provided the starting point for entrepreneurial businesses, either directly or through the Sussex Innovation Centre.

Forecasts, trends, outlooks, Motion Picture and Video Production, TV Program Production, High technology industry, Television production, Location, Brighton, England, CD-ROM mastering software

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