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NEW YORK, May 20 /PRNewswire-FirstCall/ -- The UBS Warburg Global Energy Conference begins today at the Phoenician in Scottsdale, Arizona and runs through Thursday, May 22.  The Conference will feature presentations by 48 senior executives from a comprehensive group of integrated oil, oilfield services and equipment companies and oil and gas exploration and production companies.

The past 12 months have been particularly eventful for the global oil and gas industry.  Tax changes in the UK, political tensions in Venezuela and Nigeria, a normal winter in the Northern Hemisphere, and war in the Middle East have all had a significant impact on oil and gas prices and energy companies.  As a result of these forces, average oil and gas prices have generally been higher than expected, yielding stronger earnings and cash flows for producers and generating optimism among oilfield service companies. Another result of these forces has been rising investor interest in the sector over the past two months.

A keynote presentation will be made by Dr. Juan Jose Suarez Coppel, chief financial officer, PEMEX. During this presentation, Dr. Suarez Coppel will discuss the growing levels of energy investment underway in Mexico.  Pemex hassignificantly increased its investment in the industry, as the company seeksto grow its oil production capacity as well as increase its production of natural gas to meet rising domestic demand.

The Global Energy Conference underscores UBS Warburg's universal and comprehensive approach to covering the vast energy industries, with 100 energy companies covered by more than 25 research professionals.  This coverage extends to 12 countries, enabling cross-border and cross sector comparisons.

To access audio transmissions and conference agenda please go to the http://www.ubswarburg.com home page.  Find the conference link on the lower right hand side of the page and click on the link.  Audio transmissions of company presentations will be available live and by replay.  Replays will begin three hours after the actual presentation time and will be available on the site for a period of four weeks.

UBS Warburg is a business group of UBS AG (NYSE: UBS), one of the largest financial services firms in the world with more than 69,000 employees in 50 countries.  UBS Warburg is a leader in equities, corporate finance, M&A advisory and financing, financial structuring, fixed income issuance and trading, foreign exchange, derivatives and risk management.  UBS Warburg is one of four business groups of UBS AG along with UBS PaineWebber, UBS Global Asset Management and UBS Wealth Management & Business Banking.

BBCLast Updated: Tuesday, 20 May, 2003, 12:04 GMT 13:04 UK

Mariangel Ruiz: Hoping to join Venezuela's winning tradition

The president of a television channel has stepped in to ensure Miss Venezuela will not miss out on the Miss Universe beauty contest.

The organisers of the Miss Venezuela pageant had announced that their reigning beauty, Mariangel Ruiz, would not be taking part in the Miss Universe contest being held in Panama this year.

They said the economic and political crisis in Venezuela meant they could not obtain the $80,000 needed to send a candidate because of foreign currency restrictions imposed by the Chavez government.

But the president of the Cisneros media group, Gustavo Cisneros, whose television channel Venevision transmits the national contest, said he would pay for the Venezuelan winner to take part.

His gesture followed a request from the Panamanian president, Mireya Moscoso, urging him to ensure that there was a Venezuelan representative at the contest on 3 June.

Announcing the decision on the Miss Venezuela website Mr Cisneros said: "I have spoken with the President of Panama who stressed the great importance of Miss Venezuela taking part in Miss Universe."

Centenary celebrations

Speaking from Panama, he added: "Panama is celebrating its centenary, a date that is vital for the whole of Latin America and therefore we have decided that the Cisneros Organisation will take on the duty of bringing Mariangel Ruiz to this beautiful country."

He said it would be a chance to show, once more, the true nature of "the beauty and intelligence of the Venezuelan woman".

Venezuela, which has won more international beauty contests in the last 25 years than any other country, would have missed the pageant for the first time in over 40 years.

Venezuelan contestants have won four Miss Universe title and five Miss World contests.

Miss Ruiz, 23, had said she was "deeply affected" by the possibility that she would not be attending the contest to represent the country's "hopes and expectations".

The financial constraints were imposed by the Chavez government in January to stop panic buying of dollars and so protect the country's dwindling international reserves.

Posted on Tuesday, May 20, 2003 by Frederick Noronha    A new report from Finland says that FLOSS use is increasing around the world for business, education and political needs.

Free and open-source software are not only "a useful and significant tool for the developing countries", but clearly have the potential to help democratization and help find solutions to the most pressing problems faced by the populations of developing countries, says a report recently released on the subject.

Set to be released in Finland on May 22, "Free as in Education: Significance of the Free/Libre and Open Source Software for Developing Countries" is authored by the Helsinki-based researcher Niranjan Rajani. Rajani prepared the report in collaboration with Juha Rekola and Timo Mielonen, from the Ministry for Foreign Affairs of Finland, along with OneWorld Finland and KEPA.

"Even a quick look at the use of computers in the education sector, NGOs, alternative media and civil society is enough to convince us of the potential of FLOSS", says the report, which reviews what's going on in Latin America, Africa and Asia. The report points out that students, teachers, journalists and democracy activists have been using computers, e-mail, web publishing, desktop publishing and the Internet to get their messages out to the world, participate in societal debates and acquire as well as disseminate knowledge and skills. "All of that can for sure be done without it, but FLOSS has some intrinsic characteristics that make it a convincing and integral ally of democratization process", adds the report.

The study further says, "FLOSS has a complementary and reciprocal relationship to education. One needs an educated section of the population to fulfil the full potential of FLOSS, and at the same time FLOSS helps, enhances and complements education by providing tools to promote education."

It goes on to point out that, in the case of education in computer sciences, FLOSS provides opportunities that nothing else can: unrestricted access to the source code, an environment of unlimited experimentation and tinkering and collaboration and interaction with a community of programmers, coders and users around the world.

Free software and open source's "inherent qualities" also make it a prime tool for achieving local language educational software, "especially for languages which are not deemed commercially viable for proprietary software vendors". "If the adoption of FLOSS in developing countries is done wisely, it can help stimulate indigenous software industry and create local jobs", says the study. The report then looks at the possibilities of FLOSS playing a role in "reducing conflict, enhancing independence and meeting international obligations".

In Asia, of some 20+ countries looked at, "the highest overall FLOSS related activity" seems to be taking place in countries like India, China and Taiwan, (excluding Japan, which is not object of this study) followed by South Korea, Malaysia, Singapore and Thailand. "[The] rest of the Indian sub-continent (Bangladesh, Pakistan, Sri Lanka, Nepal and others) having a medium level activity, while [the] Arab world (with the exception of Israel) seems to be the least active zone, only Afghanistan and North Korea being at the very end", says the report.

The report adds that in Latin America, Mexico, Brazil and Argentina, have the most FLOSS related activity in overall usage of FLOSS as well as writing code, followed by Colombia, Venezuela and Peru. "The Latin American programmers have made significant contributions to the overall FLOSS projects around the globe", says the study.

In Africa, South Africa tops the list, closely followed by Kenya, Namibia and Nigeria. And significant activity is starting in Ethiopia, Ghana and Zambia. Rajani's report states that "of all the three regions reviewed, Latin America tops in terms of code contribution, but Asia is not far behind, and...South Africa in the African continent is poised for more code contribution in addition to its reasonably high use of FLOSS".

Rajani, a geek with a Master's degree in Philosophy who is originally from Pakistan but is now based in Finland, says three factors "stand out" when asking why third-world countries choose FLOSS: cost, the anti-piracy campaign and security concerns. "Definitely the most overarching factor is the lower cost, despite a well known assertion that people in developing countries don't pay for software anyway. It is true that a large number of users in the developing countries don't and, more importantly, can't really pay for software", says the report, pointing to the phenomenally high price of proprietorial software compared to the average incomes of people in these countries.

The report points out that in the "developing countries", the costs associated with re-training users and hiring skilled people to migrate and run FLOSS based systems are not as high as they are in developed countries because of lower labour costs. More importantly, "people thus employed are locals contributing to the local economy rather than paying expensive software license fees". Many in the developing countries also have realised that not paying for licenses for the software being used cannot go on for ever. "Combined with cost, security is perhaps the most important factor pushing FLOSS in every country outside the United States", the report argues.

But there are obstances too, for FLOSS in third-world countries. First, free and open-source software is relevant to a development effort only if a reasonable investment in ICT infrastructure is made. "If no hardware is available, software is good for nothing", says Rajani.

Factors such as the dearth of trained IT professionals in many South American countries, the lethargy of the bureaucracy acting as another stumbling block and corruption ("despite being extremely cost-effective and of competitive quality, [FLOSS] still is kept out because companies with enough cash can buy off decision-makers") are the other roadblocks. "One thing is sure: FLOSS doesn't corrupt," says Rajani. The brain drain means talent moves away from the "developing countries". But in the case of IT, a software developer could still contribute to the growth of ICT solutions back home.

The full report will be available one May 22 at the following URL: fi.oneworld.net/article/view/56261. The English language version will be available at www.kepa.fi/english.

Plans are being made to move this report ahead collaboratively "using the FLOSS model (so that it) can be developed further over the coming months and years". Rajani writes in the report, "The hope is to put these reports on-line and to fill in the blanks by people from the concerned regions."

Frederick Noronha is a freelance writer living in Goa, India.

"Developing Countries Gain from Free/Open-Source Software" | Login/Create an Account | 14 comments Threshold Refresh   Post Comment The comments are owned by the poster. We aren't responsible for their content. My experiences trying to leverage the power of Linux in the enterprise (Score: 0) by Anonymous on Tuesday, May 20, 2003 I used to work as a consultant for a Fortune 500 company (more than 10,000 employees). As an expert in the field of IT consulting, I think I can shed a little light on the current climate of the open source community, and Linux in particular. The main reason that open source software, and Linux in particular, is failing is due to the underlying immaturity of the technology and the perception of the viral GNU license.

I know that the above statements are strong, but I have hard facts to back it up with. At the Fortune 500 company that I worked for, we wanted to leverage the power of Linux and associated open source technologies to benefit our server pool. The perception that Linux is “free” was too much to ignore. I recommended to the company that we use the newest version of Linux, version 9.0. My expectations were high that it would outperform our current solution at the time, Windows2000, which was doing an absolutely superb job (and still is!) serving as web, DNS, and FTP servers.

I felt that I was up to the job to convert the entire server pool to the Linux technology. I had several years experience programming VB, C#, ASP, and .NET Framework at the kernel level. I didn’t use C, because contrary to popular belief, ASP and VB can go just as low level as C can, and the latest .NET VB compiler produces code that is more portable and faster than C. I took it upon myself to configure and compile all of the necessary shareware versions of software that we needed, including sendmail, apache, and BIND. I even used the latest version of gcc (3.1) to increase the execution time of the binaries. After a long chain of events, the results of the system were less than impressive..

The first bombshell to hit my project was that my client found out from another consultant that the GNU community has close ties to former communist leaders. Furthermore, he found out that the ‘x’ in Linux was a tribute to the former Communist philosopher, Carl Marx, whose name also ends in ‘x’. The ne Read the rest of this comment... [ Reply to This ]

• Re: My experiences trying to leverage the power of Linux in the enterprise by Anonymous on Tuesday, May 20, 2003
• Re: My experiences trying to leverage the power of Linux in the enterprise by Anonymous on Tuesday, May 20, 2003
• That's very funny! Nice troll. (n/t) by Anonymous on Tuesday, May 20, 2003
• Re: That's very funny! Nice troll. (n/t) by Anonymous on Tuesday, May 20, 2003
• Re: My experiences trying to leverage the power of Linux in the enterprise by Anonymous on Tuesday, May 20, 2003
• Re: My experiences trying to leverage the power of Linux in the enterprise by Anonymous on Wednesday, May 21, 2003
• Re: My experiences trying to leverage the power of Linux in the enterprise by Anonymous on Wednesday, May 21, 2003
• Re: My experiences trying to leverage the power of Linux in the enterprise by Anonymous on Wednesday, May 21, 2003
• Re: My experiences trying to leverage the power of Linux in the enterprise by Anonymous on Wednesday, May 21, 2003 Re: Developing Countries Gain from Free/Open-Source Software (Score: 0) by Anonymous on Wednesday, May 21, 2003 As I see, in my country, which is Mexico, I don't see any Open Source Developing groups or companies--- The major contribution was made by the most known man in the linux Desktop, Miguel de Icaza followed by his best friends, Federico Mena, Arturo, etc (mexicans too) but now they are in the USA.

In the counterpart, Brazil has made very strong contibutions to the open source community most of this written in Python.

I don't kwno what to say about Argentina but I think that this country is extremedly affected in its economy to try to solve their economy with open source business.

finally I think that Latin America could create job opportunities if good university graduated students get some interest in FLOSS but staying in the country not going outside wich this is one the most serious problems in Mexico for years, the brain fugees.

Ahh one final thing-..... Please ignore the first post to this article... This guy is a MSpupil.

gatuus

[ Reply to This ]

Re: Developing Countries Gain from Free/Open-Source Software (Score: 0) by Anonymous on Wednesday, May 21, 2003 Where can the full text of the report be found? Ravi Nair. [ Reply to This ]

• Re: full textfound at www.maailma.kaapeli.fi by Anonymous on Thursday, May 22, 2003 consider: "My experiences trying to leverage the power of Linux in the enterprise" (Score: 0) by Anonymous on Wednesday, May 21, 2003 Imagine a poster who uses fear mongering based on a letter in a name, who departs from common thought on what can only be a political and ridiculous tangent, and purports to represent his experiences representing the object he ridicules.

They must be very scared of a rational decision. Remember this You should decide what you want based on your needs. Dont let others convince you that those needs are gigantic. If other people fulfill the same needs less expensively and you want to save money that is what you should do. The more clear you are with your needs, and the better they are defined the more efficient your computer set up will be.

A $2 CD that costs hundreds of dollars and you dont even get to keep your data in a portable format! Is obscene.

The richest company in the world that increases its profits in a depression - thats obscene.

Not getting wide government support for people who want to give software to our schools and governments for free. Thats obscene.

Compare that to mature systems that aren't flashy but work really well. Nobody should hide that there is a little learning to do to use some software -- but thats true always.

If you believe in literacy in this world remember that Open Source is the only solution. Closed source is like the parent who reads a book out loud only to hide it when a child needs to learn hisher letters. Its your data and none of their business so pick systems with more respect.

rediff.com BS Regional Bureau in Mumbai | May 20, 2003 15:33 IST

Latin America, where prices of medicines are 3-20 times higher than in India, will be the focus of the Confederation of Indian Industry's meet in Mumbai and Hyderabad, to be held on Monday and Tuesday.

The representatives from the drugs and pharmaceuticals industry in Chile, Colombia, Mexico, Paraguay and Venezuela will interact with Indian pharmaceutical companies.

A CII release issued in Mumbai said: "Senior representatives from formulation laboratories, importers of formulated pharmaceuticals, importers of bulk drugs and major drugs and pharmaceutical distributors from Latin America will attend the meet."

The region has emerged as one of the fastest growing export destinations of India with many countries recording substantial gross domestic product growth in the recent past.

The region presents a combined market of 508 million people in 33 countries, 75 per cent of which are urban.

Latin America's imports increased three times from $113 billion in 1991 to $332 billion in 2002, and its share of world imports have gone up from 3.7 per cent in 1990 to 6.1 per cent in 2001.

Trade between India and Latin America has increased from $473.66 million in 1991-92 to $2445.44 million in 2001-02.

India enjoys a fair share of this market as a supplier of bulk drugs, drug intermediates and generics including generic formulations.

Since most Latin American countries do not produce bulk drugs, India has become a regular supplier. "Finished formulations from India are being widely used in this region. Recent policy changes in the region and the introduction of generic guidelines have opened up new opportunities for Indian pharmaceutical exporters to the region's pharmaceutical market," the release adds.