Standing next to Gates, Hongkong Telecom chief Linus Cheung warned that Hong Kong must turn its current economic downturn to its advantage.
Capellas, who may be named the new chief of bankrupt telecom WorldCom (nasdaq: WCOEQ - news - people ) as early as this week, was largely responsible for day-to-day operations.
"We think it will all be worked out, " said Sanjay Warke, chief executive officer of telecom giant Vodaphone's India operations.
"Louis-Piere Wenes, the current deputy chief executive in charge of operations in France, has asked Didier Lombard, chairman and chief executive of France Telecom, to relieve him from his responsibilities, " the statement said.
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"It's a good idea, " says Bruce Schneier, security guru and chief security officer of British Telecom.
Nevertheless, Franco Bernabe, Telecom Italia's chief executive, and his fellow directors have taken a battering.
Its chief executive said that concern about how telecom firms account for revenues was a big factor in this loss of confidence.
First Data is run by Michael Capellas, the quirky former chief executive of computer maker Compaq and telecom outfit MCI in its post-WorldCom incarnation.
It is hard not to feel some sympathy for Ed Richards, chief executive of the U.K. telecom regulator Ofcom.
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Ejabat and Symons, his chief technical officer, are old hands at telecom equipment.
Olivetti's boss, Roberto Colaninno, became Telecom Italia's chairman and chief executive.
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Meanwhile, Orascom Telecom has nominated Khaled Bicharaha, its chief executive, to replace Sawiris as executive chairman, pending board approval.
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Carriers are probably looking for at least a 70-30 split, says Boris Nemsic, chief executive of Telekom Austria Group, a European telecom company with 11 million mobile customers.
"Apple is brilliant on interface and usability, but in Europe, phones are so heavily subsidized, there's a perception that they're worth nothing, " says Boris Nemsic, chief executive of Telekom Austria Group, a European telecom company with 11 million mobile customers.
The Financial Times and The Guardian report that France Telecom director Jean Francois Pontal is set to become chief executive.
Pfizer has chosen Frank A. D'Amelio, an executive credited with slashing jobs and executing a turnaround at embattled telecom-equipment maker Lucent, as its new chief financial officer.
Weisel has roped in 175 chief executives, like Yahoo's Timothy A. Koogle, telecom guru Craig O.
As chief financial officer of Cincinnati Bell, he helped lead the spinoff of telecom billing unit Convergys Corp.
For now, Wall Street believes in Cisco chief John Chambers, the Billy Graham of Internet Protocol, who proselytizes that the entire telecom world will make a fast conversion to IP, abandoning the "circuit switch" networks in which Lucent reigns.
NeoPhotonics Chief Executive Tim Jenks declined to comment on the company's ability to weather the aftershocks of the telecom meltdown.
K. Shin, co-chief executive of Samsung, said the company is also open to other operating platforms like Tizen to give consumers and telecom operators more flexibility.
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