India adds record 8.3 million wireless users in November

December 25th, 2007

MUMBAI: India added a record 8.3 million wireless users in November, taking the total subscriber base to 225.5 million, the telecoms regulator said.

In October, new wireless subscribers numbered 8.05 million.

Fixed-line user base continued to dwindle as more and more users shift to mobile phones. In November, the total user base fell to 39.31 million, from 39.41 million in October.

India, which added 60.35 million new wireless users in April-November, is the worlds fastest growing mobile services market.

Including fixed-line users, total telephone subscriber base grew to 264.8 million by November, 8.2 million more than the previous month, the Telecom Regulatory Authority of India said in a statement late on Monday.

The regulator expects Indias total telephone user base to top 500 million by 2010.

Bharti Airtel Ltd, with nearly 53 million subscribers in November, is the top mobile firm in India, followed by Reliance Communications Ltd, which had 39.4 million customers at the end of the month.

Other leading players include Vodafone-controlled Vodafone Essar Ltd, state-run Bharat Sanchar Nigam, Tata Teleservices and Idea Cellular.

Oracle Offers $6.7B for BEA Systems

December 25th, 2007

(10-12) 07:46 PDT SAN FRANCISCO, (AP) —

Pouncing on an opportunity to add another weapon in an increasingly bitter business software battle, Oracle Corp. has offered to buy struggling rival BEA Systems Inc. for $6.7 billion in its latest shot aimed at another industry leader, SAP AG.

Oracle unveiled its $17-per-share cash offer Friday, less than a month after activist investor Carl Icahn announced he had bought a large stake in BEA in hopes of forcing a sale of the troubled software maker.

The billionaire now owns a 13.2 percent stake in BEA, giving Oracle a potentially pivotal ally in its latest effort to acquire the maker of so-called middleware Д computer coding that is commonly used on the Internet to make applications interact more smoothly with information stored in databases.

Redwood Shores-based Oracle has been stalking San Jose-based BEA for years, but has been consistently rebuffed in its overtures.

But now BEA appears to be backed into the corner.

Besides facing pressure to sell from the tenacious Icahn, BEA also has been dealing with an accounting mess tied to its mishandling of past stock option grants that has prevented it from meeting regulatory deadlines to file its quarterly and annual financial reports. The delinquency has threatened BEA’s listing on the Nasdaq Stock Market and contributed to a sharp decline in its shares.

Oracle’s offer, representing a 25 percent premium over BEA’s closing stock price Thursday, provided an immediate lift. BEA shares soared $4.48, or 33 percent, to $18.10 in morning trading Friday, reflecting investors’ expectations that the company will be sold to Oracle or possibly another suitor.

“We look forward to completing a friendly transaction as soon as possible,” Oracle President Charles Phillips said.

A call to BEA for comment early Friday wasn’t immediately returned.

Oracle has shown it won’t take no for an answer in the past. In 2003, Oracle launched a hostile takeover bid for PeopleSoft Inc. and then spent the next 18 months overcoming its rival’s staunch resistance before completing the $11.1 billion acquisition.

That began the biggest shopping spree in industry history as part of a strategy mapped out by Oracle’s flamboyant chief executive, Larry Ellison. Convinced that more business software customers wanted a one-stop shop to buy all their technology, Ellison set out to create one by devouring Oracle’s smaller rivals.

Oracle has already spent about $25 billion on 30 acquisitions during the past three years in an expansion aimed at surpassing Germany-based SAP in the sales of business applications software, which automates a wide range of administrative tasks.

SAP initially derided Oracle’s acquisition strategy as misguided, but earlier this week joined the fray by agreeing to pay $7 billion for Business Objects SA, a maker of software that helps companies analyze their internal deal. That deal countered Oracle’s $3.3 billion purchase of Hyperion Solutions earlier this year.

In another sign that SAP is taking the Oracle threat seriously, the company has acknowledged that one of its subsidiaries infiltrated Oracle’s computers to help customers maintain their software. Oracle is suing SAP in federal court, alleging its rival’s behavior broke laws protecting intellectual property.

Although SAP remains the largest business software maker, Oracle’s expansion has been paying off handsomely for shareholders. The company earned a record $4.3 billion in its last fiscal year and its stock price has climbed by more than 60 percent since 2004, creating more than $40 billion in shareholder wealth.

Oracle shares fell a penny to $22.44 in morning trading Friday.

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AP Business Writer J.W. Elphinstone in New York contributed to this story.

Yahoo and ESPN use riches to lure sportswriters

December 25th, 2007

A few teams are rich and getting richer, hunting more avidly than ever for talent, raiding the less-endowed leagues, poaching free agents and bidding the prices of star players to unheard-of heights.

But the high-paid objects of desire are not pitchers, running backs or point guards - they are sportswriters.

ESPN and Yahoo Sports are on a furious hiring binge, offering reporters and columnists more than they ever imagined they could make in journalism. ESPN, in particular, has gone after the biggest stars at newspapers and magazines, signing them for double and triple what they were earning - $150,000 to $350,000 a year for several writers, and far more for a select handful.

Some print publications, notably Sports Illustrated, have selectively tried to keep up with the lucrative ESPN and Yahoo offers, to retain some of their writers or attract new ones. But for the most part, newspapers, though they are being forced to raise some salaries, cannot keep up. Several say they are suffering through the worst talent drain their editors can recall.

“My counteroffer usually comes down to asking them what kind of cake they want at their goodbye party,” said Emilio Garcia-Ruiz, assistant managing editor for sports at The Washington Post, which has lost three writers to ESPN in the last year and a half. “The numbers they throw around are out of reach.”

The competition for writers has even produced bidding wars, especially for big-name columnists like Rick Reilly (from Sports Illustrated to ESPN), Howard Bryant (from The Post to ESPN) and Selena Roberts (from The New York Times to Sports Illustrated) - but also for less widely known reporters. People who were briefed on the deals said that Reillys contract, easily the biggest of the recent signings, was worth more than $3 million a year.

“Its the exact same model as what happened to athletes,” said Leigh Steinberg, a top sports agent. “Were seeing free agency for sports journalists.”

Rising demand for star sportswriters, driven by rising television and Internet revenue, coincides with the declining fortunes of newspapers, which has left fewer jobs and less money to go around for most journalists. The paradox is not lost on the lucky few who benefit.

“This hiring at a high level, I know how amazing it is, given whats happening everywhere else in the business,” said Mark Fainaru-Wada, who uncovered steroid scandals as a San Francisco Chronicle reporter and a co-author of the book “Game of Shadows.” He was recently hired by ESPN. “We just went through a 25 percent newsroom cut at The Chronicle,” he said.

On most topics, nearly all of the news offerings from Yahoo are collected from other sources. But not in sports, where the company has made its first major foray into being a creator of original material.

It has more than 20 sports staff writers, up from four just two years ago, in addition to sports celebrities who write columns for the site.

Many staff members at Yahoo Sports are less prominent - and less well compensated - than the people signed by ESPN, and many of them cover niche topics like mixed martial arts and fantasy football. But Yahoo Sports has shown it intends to play in the big leagues, hiring David Morgan, former deputy sports editor of The Los Angeles Times, as its executive editor. It is also making lucrative offers to some of the journalists hired by ESPN and Sports Illustrated and signing a few sought-after people like Mike Silver, a football writer who was lured away from Sports Illustrated.

The biggest engine behind the competition for writers is ESPN, owned by Walt Disney, a financial juggernaut that is a leading force in sports on television, the Internet, radio and in print.

Garcia-Ruiz echoed a commonly held view when he called ESPN “the single most successful sports enterprise in the world.”

ESPN declines to reveal precise numbers, but in the last 18 months, it has hired at least 15 writers and editors from major newspapers and magazines, most of whom are expected to feed material to all of its platforms. Vince Doria, senior vice president and director of news, says that ESPN has 80 to 100 reporters and producers, not including its many columnists, where “five years ago, that number was closer to 50.”

ESPN.com is one of the most popular sports sites on the Web, with 20 million visitors in November, according to Nielsen/NetRatings, behind only Yahoo Sports, with more than 22 million. The Web site holds the bulk of what the writers produce, much of which is never seen on printed pages or heard on the air, including news, features, analysis, commentary and articles to accompany segments produced for television.