Companies throughout the world are expected to increase expenditures for information technologies and telecommunications by 6 percent in 2003 to $1.9 trillion, the IDC group forecasted. Its research says that investments in the telecommunications sector will fall again, by at least 5 percent, in 2003 except for emerging markets, such as China, Malaysia, Indonesia and Russia. These countries will enjoy a significant rise in allocations for their telecommunications sectors, in particular, due to investments in cellular communications.
Two ballistic missiles attacked the US Navy destroyer USS Mason (DDG 87) from the territory of Yemen. The destroyer came to the aid of the hijacked Central Park tanker of Zodiac Maritime