The Ethernet service will be offered through an expanded partnership between HGC and Beijing-based China Telecommunications Corp. HGC said the service eliminates the need for companies to reconfigure their networks or install specialized equipment.

The link also lets users adjust the speed of their network connections from a minimum of 2Mbit/sec. to more than 45Mbit/sec., according to HGC.

-- Sumner Lemon, IDG News Service

Briefly Noted

-- VeriFone Holdings Inc. has agreed to buy rival point-of-sale terminal maker Lipman Electronic Engineering Ltd. in Rosh Haayin, Israel, for about $793 million in cash and stock. San Jose-based VeriFone said Lipman will help it gain access to more wireless and IP-based payment technologies. VeriFone expects to complete the deal by the end of October.