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  Thursday December 30, 2010

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EDITOR'S NOTE

Good morning,

Yesterday the United States' securities regulator announced a US$137 million settlement of a case against Alcatel-Lucent in which the company admitted to paying bribes to foreign governments to win deals.

The fact that this occured during the reign of the two men that now run NBN Co - which has in turn handed out contracts to Alcatel-Lucent in Australia - did not escape my attention, but some readers have questioned whether it was fair to report this.

What do you think?

-- Brett Winterford

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FEATURED COMMENT

"Lets face it, any foreign company winning such deals in Asia etc would have had to pay appropriate bribes. It's the way business in some parts of the worlds is done. AWB know it, a lot of multi-nationals know it. Of course it can all go wrong if someone gets left out, as a couple of recent Australian business people could probably attest to. It's a fine line playing in these markets. "


 
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TODAY ON ITNEWS

Networking
Alcatel-Lucent pays US$137m over bribery rort

By Brett Winterford | December 29, 2010

Offences occured during reign of NBN Co's current CEO and CFO.

 
 
Finance
Report: SEC probes Twitter, Facebook

By Staff Writer | December 30, 2010

Concerns around high volumes of trading in privately-held firms.

 
 
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Microsoft offers smoother licensing path to cloud

By Brett Winterford | December 30, 2010

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BP retains HP for data centre services

By Brett Winterford | December 30, 2010

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