NewsHosting news - 03 Feb 2002 - Listing Page: 3536
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Cable & Wireless Completes Exodus Acquisition, Re-brands Hosting Division - 📅 - Telecommunications firm Cable & Wireless announced Friday that it had completed its acquisition of selected assets of Web hosting firm Exodus Communications. This follows the approval of the transaction by the United States Bankruptcy Court for the District of Delaware, granted January 17.
Cable & Wireless first announced its intention to purchase the hosting firm for $850 million (US), including the assumption of about $270 in assumed liabilities, in late November. However, C&W said ...
Cable & Wireless first announced its intention to purchase the hosting firm for $850 million (US), including the assumption of about $270 in assumed liabilities, in late November. However, C&W said ...
Level 3 Quells Talks of Bankruptcy - 📅 - Bandwidth and connectivity firm Level 3 Communications issued a public statement Friday reassuring investors that it did not expect to file for bankruptcy protection.
The statement was in response to public speculation that the company might file for Chapter 11 following its fourth quarter earnings report.
In the report, the company said it could "violate a revenue-based financial covenant" which requires the company to reach a target amount of telecom revenues. The company ...
The statement was in response to public speculation that the company might file for Chapter 11 following its fourth quarter earnings report.
In the report, the company said it could "violate a revenue-based financial covenant" which requires the company to reach a target amount of telecom revenues. The company ...
Qwest Posts Major Losses - 📅 - Voice and data services company Qwest Communications International Inc. posted on Tuesday a fourth-quarter loss on
revenues, which were lower than expected.
Citing an overall weak economy, sales and lowered sales for telephone
services and high-speed fiber optic capacity, the company reported a net
loss of $516 million, or 31 cents a share, compared with net losses of $116
million, or 7 cents a share, a year previous. This compared with a profit of
16 cents last ...
revenues, which were lower than expected.
Citing an overall weak economy, sales and lowered sales for telephone
services and high-speed fiber optic capacity, the company reported a net
loss of $516 million, or 31 cents a share, compared with net losses of $116
million, or 7 cents a share, a year previous. This compared with a profit of
16 cents last ...
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👈 Official Responses: 1 -> ingenuitycloudservices.com), an online intellectual property protection and Web hosting services company, today announced a recommended cash offer by a wholly-owned Register.com
subsidiary for Virtual Internet.
The offer values Virtual Internet at approximately (pound) 11.99 million.
The offer is subject to a number of conditions, including acceptance by
holders of not less than ...
Lucent Owed $123M by Global Crossing: WSJ Report - 📅 - Lucent Technologies Inc. (lucent.com) said in a court filing
today that Global Crossing Ltd. (globalcrossing.com) owes the company at least $123 million, more than the $31 million listed in Global Crossing's
bankruptcy filing, the Wall Street Journal reported in Friday's online
edition.
In Global Crossing's filing for Chapter 11 bankruptcy protection on Monday,
Lucent is named as the company's largest nonbank creditor, with unsecured
claims exceeding $31 million, the ...
today that Global Crossing Ltd. (globalcrossing.com) owes the company at least $123 million, more than the $31 million listed in Global Crossing's
bankruptcy filing, the Wall Street Journal reported in Friday's online
edition.
In Global Crossing's filing for Chapter 11 bankruptcy protection on Monday,
Lucent is named as the company's largest nonbank creditor, with unsecured
claims exceeding $31 million, the ...
Last week, CyberGate and Affinity announced they had merged, creating yet another hosting behemoth.
This week, another firm bit the dust. This time, however, it was a bankruptcy related to connectivity instead of hosting.
Telecommunications firm Global Crossing Ltd. said Monday it had filed ...
eStockex Selects Host Ireland for Hosting - 📅 - eStockex (estockex.ie), an Irish local business news ezine
and financial news service, has announced that it has selected Host
Ireland.com to a provide hosting service to deliver its popular website and
weekly ezine service for the new year.
eStockex grew out of GST, a Dublin technology company which is developing a
number of businesses designed to exploit current weaknesses in transaction
verification opportunities that support international online sale of
financial ...
and financial news service, has announced that it has selected Host
Ireland.com to a provide hosting service to deliver its popular website and
weekly ezine service for the new year.
eStockex grew out of GST, a Dublin technology company which is developing a
number of businesses designed to exploit current weaknesses in transaction
verification opportunities that support international online sale of
financial ...
ComNet Names New Product Achievement Award Winners - 📅 - IDG World Expo, a producer of tradeshows,
conferences and events for IT markets, has announced the winners of the New
Product Achievement Awards at ComNet Conference & Expo, held this week at
the Washington Convention Center in Washington, D.C. The awards, sponsored
by InfoWorld, recognized the best new products making their public debut at
ComNet this year.
Winning products were selected by a panel of nine judges, which included
leading members of the trade and business press, ...
conferences and events for IT markets, has announced the winners of the New
Product Achievement Awards at ComNet Conference & Expo, held this week at
the Washington Convention Center in Washington, D.C. The awards, sponsored
by InfoWorld, recognized the best new products making their public debut at
ComNet this year.
Winning products were selected by a panel of nine judges, which included
leading members of the trade and business press, ...
Avaya Opens Caribbean/Latin American Headquarters in Miami - 📅 - Avaya Inc. (avaya.com), a global provider of voice and data
networks, today inaugurated in Miami its new Caribbean/Latin America
headquarters and opened the Customer Solutions Center of the Americas, a
facility strategically located to service customers from the Americas as
well as around the world.
Governor Jeb Bush officiated at the ribbon-cutting ceremony for the grand
opening event. "The new Avaya facility, with nearly 50,000 square feet of
space and 200 employees, ...
networks, today inaugurated in Miami its new Caribbean/Latin America
headquarters and opened the Customer Solutions Center of the Americas, a
facility strategically located to service customers from the Americas as
well as around the world.
Governor Jeb Bush officiated at the ribbon-cutting ceremony for the grand
opening event. "The new Avaya facility, with nearly 50,000 square feet of
space and 200 employees, ...
Canadian Business Leaders Reluctant to Outsource: Accenture - 📅 - Cost-cutting has become the number one priority of Canadian executives, and while they acknowledge that outsourcing can help them
achieve this goal executives fear the change it may bring to their corporate
culture, loss of control and the changes in management style it demands,
according to an Accenture (accenture.com) survey of over 300 Canadian executives in both the public and private sectors.
The company's study titled, "Business Transformation Outsourcing, ...
achieve this goal executives fear the change it may bring to their corporate
culture, loss of control and the changes in management style it demands,
according to an Accenture (accenture.com) survey of over 300 Canadian executives in both the public and private sectors.
The company's study titled, "Business Transformation Outsourcing, ...