NewsHosting news - 08 Mar 2002 - Listing Page: 3514

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divine Reports 500% Growth Over Fourth Quarter of 2000 - 📅 - divine Inc., a provider of solutions for the extended enterprise, posted a narrower loss in the fourth quarter amid a sharp rise in revenue.



The company reported net income of $239.2 million, or $1.79 a share, compared to a net loss of $ 179.9 million, or 65 cents a share, the previous year earlier. Revenue increased to $80.5 million from $13.1 million a year earlier.

The company attributed its revenue growth to several acquisitions, which the company said should ...
Icahn Opposed to XO Restructuring Plan - 📅 - Billionaire investor Carl Icahn said Thursday that he is opposed to the restructuring plan laid out by telecommunications provider XO
Communications Inc. (xo.com 👉 Total Reviews: 5
🙌 Average Rating: 1 / 10
👍 Good Reviews: 0
👎 Bad Reviews: 5
👈 Official Responses: 0
-> akamai.com) and urged noteholders not to take an
insufficient offer.



Icahn said in a statement the XO restructuring plan led by buyout firm
Forstmann Little and Telefonos de Mexico is "not materially better" than an
earlier proposal. Forstmann, which owns about 22 percent of the firm, and
Telefonos de Mexico said last ...
Mega Outsourcing on Rebound: Yankee Group - 📅 - A recently-released Yankee Group (yankeegroup.com) report by
Carrie Lewis heralded the rebound of "mega outsourcing" and outlined its
impact on the market.



As an example, the report outlined IBM Global Services' recent signing of a
seven-year, $4 billion scalable outsourcing contract with American Express,
one of the biggest IT users U.S, with over 1 billion transactions a day for
credit card and travel companies. IBM will operate Amex's data centers, host
its website, ...
The webhost industry: week review - 📅 - Telecom firms continued to be one of the hosting industry's biggest newsmakers this week, as the future of several companies appear to be in the air while the economic crunch continued.

Much of this week's news surrounded bankrupt carrier Global Crossing and its assets, which are being hotly pursued by at least two companies. Early in the week it was revealed that Gores Technology Group, an acquisition firm that buys the assets of major companies in financial trouble, is planning to ...
Qwest to Hold Update Call Tuesday - 📅 - Qwest Communications International Inc. (qwest.com 👉 Total Reviews: 1
🙌 Average Rating: 1 / 10
👍 Good Reviews: 0
👎 Bad Reviews: 1
👈 Official Responses: 0
-> lumen.com) will
host a conference call on March 12, 2002 to address investment community
questions. The call will begin at 9:30 a.m. EST.



This call will feature Joseph P. Nacchio, chairman and CEO, and Robin
Szeliga, executive vice president of finance and CFO.

Users may access a webcast (live and replay) of the call at
qwest.com/about/investor/meetings. Windows Media Player or RealPlayer
software is needed to listen to ...
OptiView's TurboCache Triples Content Download Speeds - 📅 - OptiView Technologies (optiview.com), a provider of Web
content optimization services, announced yesterday the general availability
of TurboCache, a Web content and image optimization product focused on
reducing image bulk, caching, and accelerating all Web traffic for user
populations.



TurboCache is a transparent caching proxy server that intelligently
optimizes text and images, speeding page downloads by up to 75 percent
across any connection including corporate LANs, ...
MSNBC Olympic Websites Upheld 99.98% Availability - 📅 - The official combined websites for the 2002 Olympic Winter Games, nbcolympics.com and olympics.com, maintained 99.98% availability
(internally measured by MSNBC, producer of the official combined site) and
have become one of the largest event websites in sports history with a
record 9 million unique users logging on each week during the Games, MSNBC
announced yesterday.



The Salt Lake Organizing Committee for the 2002 Olympic Winter Games and NBC partnered with MSNBC and ...
Qwest-Enron Deal Under Further Scrutiny - 📅 - This week investors and analysts filed the results of their examination of a deal between Qwest and Enron, made last September, to buy $112 million worth of communications network capacity from each other. Discussions in a federal bankruptcy court in Manhattan were meant to determine the nature of the swap and its timing suggested a last-minute act of desperation to patch up Qwest's particularly weak quarter.




At the time of the Qwest?Enron deal, the already debt-burdened ...
ViaWest to Acquire Verado's Denver Data Center - 📅 - ViaWest Internet Services, Inc. (viawest.net -> viawest.com -> flexential.com), a regional
provider of hosting, Internet infrastructure and access to businesses,
announced today it has reached an agreement to acquire the physical and
customer assets of Verado Holdings Inc.'s (verado.com)
23,850 square foot Englewood Data Center.



This announcement follows Verado's Feb. 15 filing for Chapter 11 bankruptcy
protection, in which the company stated it had sold its Irvine, California
data center, and was ...
Rodopi Teams with Tucows for Domain Registration Solutions - 📅 - Rodopi Software (rodopi.com), a provider of customer billing
and management solutions for ISPs and ASPs, announced yesterday it has
signed an agreement with Tucows Inc. (tucows.com),
a provider of Internet services to ISPs and Web hosting companies, to provide an integrated
solution based on Tucows' OpenSRS domain registration platform and Rodopi's
billing software.



"Internet service providers are faced with challenges acquiring, renewing
and accurately billing for high ...