Page: 3490, 02 Apr 2002 - webhosting news & press releases

Digex Says Negative Cash Flow to Continue, Looks to WorldCom - 📅 Apr 2, 2002 - Managed hosting firm Digex said in its annual report yesterday that while the company was fully funded for 2002 as a result of funding from WorldCom, it would likely require additional cash in the future in order to sustain company growth.

"We have incurred significant net losses and operating cash flow deficits since inception," the company said. "We expect to continue experiencing negative cash flow from operating and investing activities."

Digex currently receives the ...

Rackspace Announces Full Year of Profitability, Uptime - 📅 Apr 2, 2002 - Texas-based Rackspace Managed Hosting (rackspace.com ) said yesterday that the end of March 2002 marked a full year of financial profitability and 12 months of 100% network uptime for the company.

Rackspace, which specializes in providing managed Web hosting services to SMEs and enterprises, said it would offer a number of promotional features to users and new customers throughout April to mark the milestone. Planned promotions include lowered setup fees and reduced rates ...

Solvay Group Employs Complete Interliant Solution - 📅 Apr 2, 2002 - Interliant Inc. (interliant.com), a leading provider of managed infrastructure services, announced on Tuesday that Solvay Information Technologies Inc., the IT arm of Houston-based chemical giant Solvay America Inc. (solvay.com), recently expanded its services agreement with Interliant to include Lotus Notes Hosting.

An Interliant customer since 1999, Solvay Technologies currently uses services from each of Interliant's INIT Hosting, INIT Messaging and INIT Security ...

USonyx Announces Low-Price VPS Hosting - 📅 Apr 2, 2002 - USonyx Inc. (usonyx.com -> usonyx.net -> exabytes.sg), a provider of affordable small business Web hosting solutions, announced on Monday that it would begin to offer a full suite of Linux-based virtual private server (VPS) hosting plans, designed to offer the company's growing customer base the industry's new lowest price point.

Based on the Virtuozzo (virtuozzo.com) technology, says USonyx, the company's VPS hosting plans provide a full set of applications, services, support and tools designed to ...

Sun Executive Says HP-Compaq Merger Provides Window Of Opportunity - 📅 Apr 2, 2002 - John Shoemaker, Sun's executive vice president in charge of computer systems of Sun Microsystems said that the expected the merger of Hewlett-Packard and Compaq will create short-term opportunities for competitors like Sun, because the management of the new, conglomerate will be too consumed with integration issues to offer strong competition.

?All I can say is that I believe it will be an advantage for Sun (sun.com), it will be an advantage for Dell, it will be an advantage ...

Zacks All-Star Analyst Issue Features Vik Grover's Recommendations - 📅 Apr 1, 2002 - The Zacks All Star Analyst Survey (allstarpicks.zacks.com), published in Fortune Magazine each week, revealed today top brokerage analyst Vik Grover's four recommended tech-sector investments. Selected from a group of 5,500 brokerage analysts, the Zacks survey lists All Star Analysts who all created returns in excess of 150% in 2001, and their recommendations.

Included in the report, Analyst Vik Grover's Stock recommended the following:

Because it provides a broad ...

XO Communications Says Bankruptcy Likely - 📅 Apr 1, 2002 - Voice and data services company XO Communications Inc. (xo.com -> akamai.com) said in its annual report Friday that it would likely seek bankruptcy protection in the near future.

The struggling telecommunications firm said it is considering a number of investment and recapitalization opportunities in order to keep the company fully operational. "We anticipate that in order to complete any proposed investment and recapitalization it will be necessary for XO Parent to file a voluntary petition for ...

Terremark Agrees To Buy $7.5 Million In Equity Funding - 📅 Apr 1, 2002 - Terremark Worldwide, Inc., an Internet infrastructure and managed services provider announced today that it has signed a deal to purchase $7.5 million of common stock at $0.75 per share. The investor group is primarily composed of insiders and long time Terremark investors.

Terremark (terremark.com -> akamai.com) is the owner and operator of the NAP of the Americas, and a carrier-neutral operator of a Tier-1 Network Access Point.

?By agreeing to purchase Terremark's common stock ...

Terremark Hosts Reality Networks - 📅 Apr 1, 2002 - Carrier-neutral Tier-1 NAP operator Terremark Worldwide Inc. (terremark.com -> akamai.com) announced on Tuesday that managed broadcast content services provider Reality Networks Inc. has become a customer of Terremark's NAP of the Americas.

Reality Networks will deploy its equipment in the NAP, says Terremark, taking advantage of the variety of carriers that provide bandwidth to the facility, as well as the range of value-added managed services offered by Terremark.

This ...

NewsHosting news - 02 Apr 2002 - Listing Page: 3490

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