NewsHosting news - 11 Mar 2002 - Listing Page: 3504
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Global Crossing's CEO Cuts The Fat - 📅 - Global Crossing's CEO John Legere, announced today that he intends to resist liquidation by creditors by strengthening the company's budget.
Legere, who has been CEO of the bankrupt company since October, has eliminated corporate airplanes and posh office space, including the Beverly Hills company headquarters.
Guiding the company (globalcrossing.com) through a reorganization following its Chapter 11 bankruptcy filing in January, 43-year-old Legere is mounting a ...
Legere, who has been CEO of the bankrupt company since October, has eliminated corporate airplanes and posh office space, including the Beverly Hills company headquarters.
Guiding the company (globalcrossing.com) through a reorganization following its Chapter 11 bankruptcy filing in January, 43-year-old Legere is mounting a ...
Interliant Secures $10 Million In Funds - 📅 - Interliant Inc. closed a $10 million funding deal with its two largest investors, Charterhouse Group International Inc. and Mobius Venture Capital today.
Interliant (interliant.com) said Charterhouse and Mobius purchased 100 units with each unit consisting of $100,000 principal amount of 10% convertible subordinated notes and 100,000 warrants for the purchase of its common shares.
The notes are convertible at the option of the holder at any time before maturity on ...
Interliant (interliant.com) said Charterhouse and Mobius purchased 100 units with each unit consisting of $100,000 principal amount of 10% convertible subordinated notes and 100,000 warrants for the purchase of its common shares.
The notes are convertible at the option of the holder at any time before maturity on ...
Equant Confirms Projected EBITDA of $200m - 📅 - Equant (equant.com), an IP and data service provider,
confirms that its projected EBITDA for 2002 is $200 million.
Because of a translation error from French to English at yesterday's press
conference in Paris at which Equant presented its full 2001 financials, some
media have published an incorrect figure. Equant president and CEO, Didier
Delepine, confirmed at the press conference that an EBITDA of $200 million
is achievable for Equant in 2002.
Equant, a ...
confirms that its projected EBITDA for 2002 is $200 million.
Because of a translation error from French to English at yesterday's press
conference in Paris at which Equant presented its full 2001 financials, some
media have published an incorrect figure. Equant president and CEO, Didier
Delepine, confirmed at the press conference that an EBITDA of $200 million
is achievable for Equant in 2002.
Equant, a ...
FASTNET appoints new Vice President of NetReach eSolutions Division - 📅 - FASTNET Corporation (fastnet.com), a web hosting, colocation and managed service provider, today announced the appointment of Patrick Igoe to the position of vice president of eSolutions.
As vice president, Mr. Igoe will report to Steve Hurly, President and CEO of FASTNET, and will be responsible for leadership, driving revenue and building a customer base for the NetReach eSolutions Division based in Ambler, Pennsylvania. He brings to FASTNET over 10 years of experience from ...
As vice president, Mr. Igoe will report to Steve Hurly, President and CEO of FASTNET, and will be responsible for leadership, driving revenue and building a customer base for the NetReach eSolutions Division based in Ambler, Pennsylvania. He brings to FASTNET over 10 years of experience from ...
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 ...
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 XOCommunications 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, ...
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 ...
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, ...
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, ...