📅 - Sunnyvale, California-based managed services firm Loudcloud (loudcloud.com) said late Friday it would suspend its prior revenue guidance for the full fiscal year after one of its largest customers announced it was ceasing operations. Atriax, which provides electronic marketplace services for the financial sector, said Friday it would cease operations. "In light of this, Loudcloud, Inc. today reiterated its previous revenue guidance for the first quarter of fiscal year 2003, which will close on April 30, 2002," the company said. "At this time, Loudcloud is suspending its prior revenue guidance for the full fiscal year, pending its assessment of the impact of Atriax's announcement and the resolution of its discussions with Atriax." Shares in Loudcloud, which is headed by Netscape founder Marc Andreesen, were trading at $1.50 Monday morning after closing at more than $2.20 Friday afternoon.
Reads: 1589 | Category: General | Source: TheWHIR : Web Host Industry Reviews URL source: http://www.thewhir.com/marketwatch/lou040802.cfm
Want to add a website news or press release ? Just do it, it's free! Use add web hosting news!
Related news
📅 - Loudcloud Cuts Work Force - Loudcloud Inc. (loudcloud.com), a leading provider of managed services, announced on Tuesday that it had launched a series of initiatives designed to help the company reach the breakeven point with its cash flow using existing cash and available financial resources. According to Loudcloud, the program is the result of a review of every aspect of the company's operating and financial structure, including the benefits the company has seen from its proprietary Opsware automation software. Foremost among the restructuring moves is a reduction of 19% in the company's workforce. The elimination of 122 positions will result in a post-restructuring staff of 507 employee
📅 - Loudcloud to Power Atriax Foreign Exchange Portal - Loudcloud Inc. (loudcloud.com), a leading managed service provider, announced on Tuesday that Atriax (atriax.com), the premier electronic foreign exchange portal, has contracted Loudcloud to provide managed services to its transaction and information portal. Atriax will deliver an open marketplace for all corporate, institutional and banking foreign exchange professionals globally. An independent company backed by Citibank, Deutsche Bank, JP Morgan and Reuters, Atriax's growing membership already includes over sixty of the world's largest foreign exchange banks. On its website, Atriax provides market data and news from Reuters, a global leader in this field,
📅 - Univision Selects Loudcloud to Outsource Web Operations - Loudcloud Inc. (loudcloud.com), a leading managed services provider, today announced that Univision (univision.com), the largest Internet destination for the Spanish speaking community in the United States, has outsourced its Internet operations to Loudcloud. Univision.com will now be deployed, scaled, managed and monitored using the Loudcloud service, and its Opsware automation technology. Univision.com provides the Spanish speaking community with the up-to-date news and proprietary content from the Univision television properties. Univision.com experiences large spikes in traffic, driven by major news and television events. To more effectively handle the tra
📅 - Loudcloud Unveils Next Generation of Managed Services - Loudcloud, Inc. (loudcloud.com), a leading managed services provider, has unveiled its next generation of Internet operations services, giving enterprise companies a flexible set of options for outsourcing the day-to-day management of their Internet site with a high degree of control. Enterprise companies can choose among the different offerings in Loudcloud services to customize Loudcloud's outsourced solution to fit their technological and budgetary needs. The company says customers will continue to employ Loudcloud's Opsware automation technology and industry-leading processes while having the option to outsource any portion of their site to Loudcloud. In addition, L
📅 - Loudcloud Launches Expertise Services - Loudcloud Inc. (loudcloud.com), a leading managed service provider, yesterday announced the availability of its Expertise services, a flexible set of offerings developed in response to enterprise customers' need to evaluate, re-architect and migrate their Internet sites to state-of-the-art technologies. The Expertise services complement Loudcloud's next generation of Internet operations services, providing customers a new way to leverage Loudcloud's experience operating large-scale Internet operations. "Being able to tap into Loudcloud's collective knowledge and experience running major Internet operations greatly helped us design and architect an Internet site that is
📅 - Sunnyvale, California-based managed services firm Loudcloud (loudcloud.com) said late Friday it would suspend its prior revenue guidance for the full fiscal year after one of its largest customers announced it was ceasing operations. 
Reads: 1589 | Category: General | Source: TheWHIR : Web Host Industry Reviews