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A British-born chief executive has hit the Silicon Valley jackpot for the second time in his career after selling US social media analytics firm Topsy to Apple for a reported $200m (£122m).

Hi-tech firm BATM raises pounds 122m with swift share placing

BATM Advanced Communications, an Israeli-based maker of next- generation network switching gear, said yesterday that it had pulled off a swift share placement to raise a net pounds 122m to underpin expansion.

Network: Money for nothing

Giving away products free on the Internet may not sound like good business, but Red Hat's Bob Young has turned a profit by making Linux a must-have

Cisco pays unprecedented $7bn for hi-tech US firm

CISCO SYSTEMS, the global leader in supplying router equipment for managing Internet traffic, may have come close to breaking the bank in agreeing overnight on Tuesday to pay $6.9bn in stock for Cerent, a California-based telecoms networking start-up.

Shares soar in Freeserve stampede

THOUSANDS OF British Internet users saw the value of their shares rocket by 43 per cent yesterday afternoon within minutes of the start of trading in shares in Freeserve, the Internet service provider.

Focus: Billion dollar brains behind the Net

JOE SCHOENDORF has every reason to be happy. His Silicon Valley venture capital company, Accel Partners, floated four Internet-related companies on the public market in May - generally regarded as a slowdown month in the great Internet stock bonanza - and all are capitalised at between $1bn and $3bn.

Blair is still peddling social elitism

There is a lie at the heart of New Labour's plans to modernise the economy that could undermine its policies and cause the same kind of rot from within that turned Thatcherism into a hollow stalk of itself. The lie is that the Government is moving to make to the most of the nation's human capital.

GEC mounts net offensive

By swooping on a US technology firm, the one-time defence giant could become a force on the internet. Peter Koenig reports

Business Book Of The Week: Nuggets from the new frontier

Silicon Gold Rush

Hi-tech dreams begin to fade

British firms are still trailing the American giants despite hopes that Labour would kick-start the sector. Peter Koenig reports

Personal Finance: Wireless wonders

The latest news from the Motley Fool

Scotland chosen

CISCO SYSTEMS has selected Scotland for its first research and manufacturing facilities outside North America. The giant US Internet group is investing more than pounds 10m in a move that will create at least 160 hi-tech jobs.

C&W in a game of catch-up

With the Vodafone deal done and dusted, Cable & Wireless could be the next hot tip in telecommunications, writes Peter Koenig

Golf: New look as tour rakes in big money

EVER SINCE just eight professionals gathered at Prestwick in October 1860, the concept of the best players in the game playing against each other to decide a worthy champion has been a familiar one in golf. But so has tradition, and though the 128th staging of the Open Championship, which returns to Carnoustie for the first time in 24 years, will remain the centrepiece of the 1999 season, change is in the air.

Investment: Digital TV shifts Pace into the red

PACE MICRO TECHNOLOGY, the supplier of television decoders, yesterday appeared to draw a line under its troubled past when it returned to profit and painted a rosy picture of its prospects in the digital television age.
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Is a quiet crusade to reform executive pay bearing fruit?

Is a quiet crusade to reform executive pay bearing fruit?

Dominic Rossi of Fidelity says his pressure on business to control rewards is working. But why aren’t other fund managers helping?
The King David Hotel gives precious work to Palestinians - unless peace talks are on

King David Hotel: Palestinians not included

The King David is special to Jerusalem. Nick Kochan checked in and discovered it has some special arrangements, too
More people moving from Australia to New Zealand than in the other direction for first time in 24 years

End of the Aussie brain drain

More people moving from Australia to New Zealand than in the other direction for first time in 24 years
Meditation is touted as a cure for mental instability but can it actually be bad for you?

Can meditation be bad for you?

Researching a mass murder, Dr Miguel Farias discovered that, far from bringing inner peace, meditation can leave devotees in pieces
Eurovision 2015: Australians will be cheering on their first-ever entrant this Saturday

Australia's first-ever Eurovision entrant

Australia, a nation of kitsch-worshippers, has always loved the Eurovision Song Contest. Maggie Alderson says it'll fit in fine
Letterman's final Late Show: Laughter, but no tears, as David takes his bow after 33 years

Laughter, but no tears, as Letterman takes his bow after 33 years

Veteran talkshow host steps down to plaudits from four presidents
Ivor Novello Awards 2015: Hozier wins with anti-Catholic song 'Take Me To Church' as John Whittingdale leads praise for Black Sabbath

Hozier's 'blasphemous' song takes Novello award

Singer joins Ed Sheeran and Clean Bandit in celebration of the best in British and Irish music
Tequila gold rush: The spirit has gone from a cheap shot to a multi-billion pound product

Join the tequila gold rush

The spirit has gone from a cheap shot to a multi-billion pound product
12 best statement wallpapers

12 best statement wallpapers

Make an impact and transform a room with a conversation-starting pattern
Paul Scholes column: Does David De Gea really want to leave Manchester United to fight it out for the No 1 spot at Real Madrid?

Paul Scholes column

Does David De Gea really want to leave Manchester United to fight it out for the No 1 spot at Real Madrid?
Season's finale brings the end of an era for top coaches and players across the continent

The end of an era across the continent

It's time to say farewell to Klopp, Clement, Casillas and Xavi this weekend as they move on to pastures new, reports Pete Jenson
Bin Laden documents released: Papers reveal his obsession with attacking the US and how his failure to keep up with modern jihad led to Isis

'Focus on killing American people'

Released Bin Laden documents reveal obsession with attacking United States
Life hacks: The innovations of volunteers and medical workers are helping Medécins Sans Frontières save people around the world

Medécins Sans Frontières's life hacks

The innovations of volunteers and medical workers around the world are helping the charity save people
Ireland's same-sex marriage vote: As date looms, the Irish ask - how would God vote?

Same-sex marriage

As date looms, the Irish ask - how would God vote?
The underworld is going freelance: Why The Godfather's Mafia model is no longer viable

The Mafia is going freelance

Why the underworld model depicted in The Godfather is no longer viable