News

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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Kenny Ireland, pictured in 2010.
peopleActor, from House of Cards and Benidorm, was 68
News
A scene from the video shows students mock rioting
newsEnd-of-year leaver's YouTube film features staging of a playground gun massacre
Travel
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Environment
View from the Llanberis Track to the mountain lake Llyn
Du’r Arddu
environmentA large chunk of Mount Snowdon, in north Wales, is up for sale
Voices
A family sit and enjoy a quiet train journey
voicesForcing us to overhear dull phone conversations is an offensive act, says Simon Kelner
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i100This Instagram photo does not prove Russian army is in Ukraine
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Morrissey pictured in 2013
people
Sport
sportVan Gaal has £500,000 video surveillance system installed to monitor Manchester United players
Arts and Entertainment
The Secret Cinema performance of Back to the Future has been cancelled again
filmReview: Sometimes the immersive experience was so good it blurred the line between fiction and reality
Arts and Entertainment
Sydney and Melbourne are locked in a row over giant milk crates
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Day In a Page

Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
Sicily – seven nights from £939pp
Pompeii, Capri and the Bay of Naples - seven nights from £799pp
Istanbul Ephesus & Troy – six nights from £859pp
Mary Rose – two nights from £319pp
Dress the Gaza situation up all you like, but the truth hurts

Robert Fisk on Gaza conflict

Dress the situation up all you like, but the truth hurts
Save the tiger: Tiger, tiger burning less brightly as numbers plummet

Tiger, tiger burning less brightly

When William Blake wrote his famous poem there were probably more than 100,000 tigers in the wild. These days they probably number around 3,200
5 News's Andy Bell retraces his grandfather's steps on the First World War battlefields

In grandfather's footsteps

5 News's political editor Andy Bell only knows his grandfather from the compelling diary he kept during WWI. But when he returned to the killing fields where Edwin Vaughan suffered so much, his ancestor came to life
Lifestyle guru Martha Stewart reveals she has flying robot ... to take photos of her farm

Martha Stewart has flying robot

The lifestyle guru used the drone to get a bird's eye view her 153-acre farm in Bedford, New York
Former Labour minister Meg Hillier has demanded 'pootling lanes' for women cyclists

Do women cyclists need 'pootling lanes'?

Simon Usborne (who's more of a hurtler) explains why winning the space race is key to happy riding
A tale of two presidents: George W Bush downs his paintbrush to pen father’s life story

A tale of two presidents

George W Bush downs his paintbrush to pen father’s life story
Restaurateur Mitch Tonks has given the Great Western Pullman dining car a makeover

The dining car makes a comeback

Restaurateur Mitch Tonks has given the Great Western Pullman dining car a makeover
Gallery rage: How are institutions tackling the discomfort of overcrowding this summer?

Gallery rage

How are institutions tackling the discomfort of overcrowding this summer?
Louis van Gaal has £500,000 video surveillance system installed to monitor Manchester United players

Eye on the prize

Louis van Gaal has £500,000 video surveillance system installed to monitor Manchester United players
Women's rugby: Tamara Taylor adds fuel to the ire in quest to land World Cup

Women's rugby

Tamara Taylor adds fuel to the ire in quest to land World Cup
Save the tiger: The day America’s love of backyard tigers led to a horrific bloodbath

The day America’s love of backyard tigers led to a horrific bloodbath

With only six per cent of the US population of these amazing big cats held in zoos, the Zanesville incident in 2011 was inevitable
Samuel Beckett's biographer reveals secrets of the writer's time as a French Resistance spy

How Samuel Beckett became a French Resistance spy

As this year's Samuel Beckett festival opens in Enniskillen, James Knowlson, recalls how the Irish writer risked his life for liberty and narrowly escaped capture by the Gestapo
We will remember them: relatives still honour those who fought in the Great War

We will remember them

Relatives still honour those who fought in the Great War
Star Wars Episode VII is being shot on film - and now Kodak is launching a last-ditch bid to keep celluloid alive

Kodak's last-ditch bid to keep celluloid alive

Director J J Abrams and a few digital refuseniks shoot movies on film. Simon Usborne wonders what the fuss is about
Once stilted and melodramatic, Hollywood is giving acting in video games a makeover

Acting in video games gets a makeover

David Crookes meets two of the genre's most popular voices