Shell the oil giant yester

Shell, the oil giant, yesterday denied that a critical independent report it commissioned on its community projects in Nigeria had been kept secret - but then it could not produce the document. Shell, the oil giant, yesterday denied that a critical independent report it commissioned on its community projects in Nigeria had been kept secret ­ but then it could not produce the document.At its annual meeting in London yesterday, Philip Watts, the company director due to become chairman this summer, said: "We are happy to present the results to interested parties." The present chairman, Sir Mark Moody-Stuart, added: "It is erroneous to suggest that we have kept this secret."However, following repeated enquiries from The Independent, the Shell press office said that no copy of the report existed in London and that it could not be made available.The company, which has spent more than $150m on local development schemes in Nigeria, eventually faxed over an executive summary of the report, which said just 27 per cent of the schemes inspected were "considered fully successful".Also, a Shell director said at the AGM for the first time that domestic politics were behind the Australian government's move last month to block Shell's bid for the country's Woodside Petroleum. There is an Australian election this year, and Robert O'Neill told the meeting that the government had suffered setbacks.Professor O'Neill added: "We were caught by a change in tide of local politics.... There is in Australia a very nasty party [One Nation] that is primitive and racist, which has quite a few members of the ruling coalition worried about their seats They said, for God's sake, don't give Shell Woodside. That was enough to swing it."In response to a question, Sir Mark said Shell has no plans for exploration in the Sundarbans forest reserve in Bangladesh, habitat for endangered Bengal tigers. But Craig Bennett, of Friends of the Earth, said: "The reserved forest is only a small part of the Sundarbans region Most of it is the Ramsar wetland, ...

recognised by the UN as of international importance for wildlife They haven't said they have no plans for Ramsar.". TTP Communications, which supplies technology for wireless devices, has signed up Intel, the US chipmaker, as a licencee. Its shares jumped 40.6 per cent to end at 242.5p on the news yesterday. TTP Communications, which supplies technology for wireless devices, has signed up Intel, the US chipmaker, as a licencee.

Its shares jumped 40.6 per cent to end at 242.5p on the news yesterday. An Intel spokesman said TTPCom's mobile phone technologies would help enable Intel to create a chip to power next-generation mobile phones and wireless devices such as handheld computers.Intel, whose chips sit inside many of the world's desktop computers, is keen to gain a similar strong foothold in the wireless devices market.Tony Milbourn, TTPCom's chief executive, said that Intel is "taking intellectual property to make chips" compatible with mobile industry standards and "with our software"."This is the licencing deal we hinted at in September We couldn't say who it was until now. While the deal has been running for some time, we won't see chips in the marketplace for some time yet," Mr Milbourn said, adding he was not expecting TTPCom to make significant royalty revenues from that deal in the company's current financial year.However, analysts have estimated that the deal is likely to be worth several millions of pounds to TTPCom in terms of upfront licence payments.Keith Woolcock, a technology analyst at Nomura, described the deal as "mega" for the Cambridge-based business."It's an important move for them," Mr Woolcock said, adding: "I think they've got over a half of a dozen other contracts to announce, whereby mobile phone and handheld computer manufacturers will be announcing that they're using TTP's kit."Separately, Intel unveiled its experimental "wireless-internet-on-a-chip". The technology, which combines components of mobile phones and handheld computers, has also been designed to power next-generation wireless devices and mobile phones, as a well as a range of expected futuristic devices like video-watch phones.Ron Smith, senior vice president and general manager of Intel's Wireless Computing and Communications Group, predicted "devices such as wearable computers or even video-watch phones" becoming commonplace in the next decade.Intel also said it would also start working with BT to develop applications and services for next-generation mobile internet devices.The disclosures also provided shares in ARM Holdings with a boost. Stock in the microprocessor designer, which has already signed Intel as a licencee, closed up 4.6 per cent at 361p..

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