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IBA Health edges close to iSoft takeover

IBA Health edges close to iSoft takeover

ASX-listed Aussie upstart IBA Health is a step closer today to closing the deal on its proposed takeover of beleaguered UK-based eHealth supplier iSoft, with IT behemoth CSC providing written consent for the deal to go ahead. Despite securing a key role with CSC in the UK's National Program for IT (NPfIT) in 2005, iSoft's fortunes took a turn for the worst in 2006, when a series of accounting discrepancies lead to an investigation from the UK's regulator the Financial Services Authority.

June 18, 2007 by

Fly the green skies at Mach 5

Fly the green skies at Mach 5

The European Union has launched in 2005 its Long-Term Advanced Propulsion Concepts and Technologies project (LAPCAT). Several companies worked on this €7 million EU-funded project. For example, Popular Science reports that Reaction Engines Limited has designed an hydrogen-powered hypersonic airliner simply dubbed A2. This plane would fly at Mach 5 (3,400 mph or 5,500 km/h) on very long distances, such as non-stop flights from Europe to Australia in less than 5 hours. And because it would be hydrogen-powered, it would not release any greenhouse gases over our heads. The A2 plane has been designed to carry about 300 passengers who would pay a price equivalent to current business class tickets. The question is: will this plane ever take off? But read more...

January 31, 2008 by