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...former Bank of America CEO. "NuTech has figured out how to do that." McColl joined NuTech's board in September and has invested in the company. He and Walesa will receive stock options that could prove valuable if the company successfully goes public. Michalewicz says the 126-employee firm has almost 100 customers and is turning a small profit...
...example, irked by tribal claims, denies that a poison-dart frog had anything to do with its new pain-killer (which is in clinical trials) other than inspiring the company to take a closer look at a similar group of synthetic compounds. Says a spokeswoman for another major U.S. firm: "We've started scaling back. We just don't think you can define 'traditional knowledge' in that kind of legalistic way." Others fear that, given the notorious corruption of many Third World governments, any royalties that drug companies pay to struggling indigenous peoples might end up in officials' pockets...
...lack of openness raises questions about how real SIA's profits are and how fairly it plays. "The government's share is as big as a 747," says Richard Aboulafia, an industry analyst at the Teal Group, an aviation-consulting firm based in Fairfax, Va. "And it's not transparent. Maybe they're not as efficient as they claim. There is a certain science-fiction quality to their numbers." Geoff Dixon, CEO of Australia's Qantas, says, "Singapore Airlines is a government-owned and -backed carrier that does not have to play by the same rules as other airlines." Cheong...
Online gaming is just catching on in India with about 2.8 million devotees. Developers expect the market to explode as broadband penetration grows. Analyst firm Pearl Research expects the country's online game market to reach $200 million by 2010, up from $4 million...
...distance calls), but officials have enough to be worried about these days just getting customers hooked up with Web access. Fewer than 200 accounts have been activated, while 1,350 locals remain on a waiting list, in part because of start-up problems with Prospect Street Broadband, a venture firm selected to handle Zplug's day-to-day operations, and in part because utility workers are still installing the network. City officials expect to name a new investor sometime...