NewsHosting news - 04 Feb 2002 - Listing Page: 3521
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Baltimore Technologies Sells Stake of Japan Operations - 📅 - Baltimore Technologies (baltimore.com), the troubled Irish
security firm, today announced that it has sold 11,000 shares of its
Japanese subsidiary Baltimore Technologies Japan (BTJ) with CGI Limited, a
special-purpose investment fund, for a total value of 900 million Yen (£4.73
million, or $6.70 million) in cash to be received in full by the end of
March 2002.
On completion, the shareholding of Baltimore Technologies in BTJ will be
reduced from 62% to 19%. The proceeds ...
security firm, today announced that it has sold 11,000 shares of its
Japanese subsidiary Baltimore Technologies Japan (BTJ) with CGI Limited, a
special-purpose investment fund, for a total value of 900 million Yen (£4.73
million, or $6.70 million) in cash to be received in full by the end of
March 2002.
On completion, the shareholding of Baltimore Technologies in BTJ will be
reduced from 62% to 19%. The proceeds ...
Motorola and Nortel to Create VoIP Solutions for Broadband Market - 📅 - Motorola, Inc. Broadband Communications Sector
and Nortel Networks have agreed to create and deliver
an integrated voice over IP solution for the broadband-cable market. This
non-exclusive agreement is intended to help simplify deployment of VoIP
equipment by broadband network operators worldwide and spread the delivery
of new services to their subscribers.
The agreement brings together Motorola's IP cable access network experience
with Nortel Networks expertise in ...
and Nortel Networks have agreed to create and deliver
an integrated voice over IP solution for the broadband-cable market. This
non-exclusive agreement is intended to help simplify deployment of VoIP
equipment by broadband network operators worldwide and spread the delivery
of new services to their subscribers.
The agreement brings together Motorola's IP cable access network experience
with Nortel Networks expertise in ...
TheMuniCenter Selects MMFN for Managed Services - 📅 - Metromedia Fiber Network, Inc. (mmfn.com), a provider of
digital communications infrastructure solutions, has successfully
transitioned TheMuniCenter's (municenter.com) Internet site to an MFN data center and its Site Operations Platform (SOP), a full Internet
infrastructure managed services solution. The B2B marketplace for municipal
securities made this transition using MFN's SiteMove solution.
TheMuniCenter, owned by a group of investors that includes several of ...
digital communications infrastructure solutions, has successfully
transitioned TheMuniCenter's (municenter.com) Internet site to an MFN data center and its Site Operations Platform (SOP), a full Internet
infrastructure managed services solution. The B2B marketplace for municipal
securities made this transition using MFN's SiteMove solution.
TheMuniCenter, owned by a group of investors that includes several of ...
Kent Crispin Joins ICANN as Technical Systems Manager - 📅 - Marina del Rey, California, USA (4 February 2002) -- Following a long
international search, ICANN is pleased to announce the appointment of
Kent Crispin as Technical Systems Manager
of ICANN effective immediately. Kent's long experience as a technical
manager and project leader at Lawrence Livermore National Laboratory makes
him ideally ...
international search, ICANN is pleased to announce the appointment of
Kent Crispin as Technical Systems Manager
of ICANN effective immediately. Kent's long experience as a technical
manager and project leader at Lawrence Livermore National Laboratory makes
him ideally ...
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 ...
Register.com Makes Offer for Virtual Internet - 📅 - Register.com, Inc., a provider of global domain name registration and Internet services, and Virtual Internet plc (vi.net 👉 Total Reviews: 5🙌 Average Rating: 7.6 / 10
👍 Good Reviews: 4
👎 Bad Reviews: 1
👈 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 ...
The webhost industry: week review - 📅 - It seems like not a week goes by recently in the Web hosting industry without a merger, acquisition or bankruptcy that seriously alters the landscape of the business.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 ...