The Denis O'Brien led eIsland consortium have made a revised bid for Eircom. The bid, thought to be worth one euro and 10 cents per shares is for all of the telecommunications company, excluding the mobile arm Eircell which is being sold off to Vodafone. Gemma Houlihan, telecoms analyst with ABN Amro, explains the situation.

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E business is the way of the future, according to the many experts and the amount of companies that have set themselves up over the past year or two to take advantage of the whole new world of technology is quite amazing.

But some have failed and in fact, some people would have you believe that the failures outnumber the success. The outgoing chairwoman of the Irish Internet Association, Frances Buggy, tells about the failures vis a vie the successes.

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This morning's news in brief - Troubled insurer Equitable Life says the takeover of its assets by Halifax is a done deal and won't be trumped by a rival approach from GE Capital. Equitable, who have thousands of policy holders in Ireland, has been in financial troubles for some time.

Toshiba has become the latest victim of the worldwide high-tech slump, blaming a weaker US economy for a downgrade of its sales and earnings targets for the current year.

Aviation software company Aircraft Management Technologies has secured £1.5 million in initial funding from Delta Partners, which will take a minority stake, understood to be less than 30%.

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BT to drop Esat name from Irish services - BT are expected to drop the Esat name from its Irish internet and fixed line businesses. The news comes less than 24 hours after BT acquired 100% of the group after Telenor agreed to sell its stake in the mobile arm. BT has also acquired the 2% of the mobile company which was held by Barry Maloney. Mr Maloney made £43 million from the sale.