Matt Carolan

Zero-Knowledge Systems, Inc., on Thursday introduced its new Enterprise Privacy Management software, a kind of knowledge discovery system for privacy policies. The application, which is available immediately, is designed to automate many of the tasks involved in designing, implementing and enforcing a privacy policy. It also has a reporting and auditing function that helps chief […]

Level 3 Communications, Inc. on Tuesday beat consensus estimates for its fiscal fourth quarter, while recording a large net loss. The Broomfield, Colo., builder of fiber-optic networks, with operations in 57 North American markets and nine European markets, recorded a net loss of $3.3 billion, or $8.54 per share, due in part to one-time charges […]

Marimba Inc., on Tuesday reported fiscal fourth quarter revenue and earnings that beat analysts expectations. The Mountain View, Calif., maker of server, desktop and embedded technologies for enterprises to manage applications said that its 2001 fourth quarter revenues were $10.8 million, up from the $10.0 million for the third quarter. In the fourth quarter of […]

Global Crossing Ltd., the operator of an international high-speed network with a presence in 27 countries and more than 200 major cities around the world, announced on Monday that it is seeking Chapter-11 bankruptcy protection, and that two business partners will take a new majority stake in the company as it restructures its balance sheet. […]

VeriSign Inc. on Thursday exceeded analyst expectations for its fiscal fourth quarter 2001, and grew its enterprise business, but reported a net loss for the quarter and a multibillion dollar loss for fiscal 2001. The Mountain View, Calif. provider of domain name registrations and Web identity, authentication and payment services reported a pro forma net […]

Tellabs, Inc. the maker of optical networking, broadband and switching systems, beat analyst expectations for earnings this quarter, on revenue and income that showed a marked decline from one year earlier. The Naperville, Ill. company on Wednesday reported fourth quarter 2001 earnings of 3 cents per share, on revenue of $470 million. Net income was […]

Just one day after buying nearly all of the assets of Northern Light Inc., Divine Inc. on Wednesday announced an agreement with Yahoo Inc. in which Divine will provide one of Northern Lights services to Yahoo and its customers. Northern Light was a Cambridge, Mass., enterprise content integration provider, and Chicago-based Divine provides extended enterprise […]

Steve Wozniak, who along with Steve Jobs started Apple Computer Inc., is getting back in the technology startup game after years of retirement. On Wednesday Wozniak announced the formation of “Wheels of Zeus” (wOz), a company aimed at creating consumer and enterprise products using wireless technology. According to the company, Wheels of Zeus will leverage […]

Troubled telecommunications equipment maker Lucent Technologies reported on Tuesday that it has met the reduced estimates it offered last month for its fiscal first quarter of 2002, and said it hopes to shake off a terrible sales slump in the upcoming quarter. Reporting losses on a pro forma basis, which excludes certain charges considered normal […]

Divine Inc., the Chicago-based provider of extended enterprise services, announced on Tuesday that it has purchased some of the assets of Northern Light Technology LLC, the Cambridge, Mass., enterprise content integration provider, in an all-stock transaction. Financial details were not disclosed. Northern Light, best known for its free Web search engine, announced in January that […]

Nortel Networks Corp. on Thursday met earnings expectations for its fiscal fourth quarter 2001. The Toronto, Ontario maker of network infrastructure equipment also recorded a huge loss for the quarter, and predicted more revenue woes to come, but sees a return to profitability in late 2002. On revenues of $3.46 billion – down from $8.2 […]

Wireless networking equipment makers Proxim, Inc. and Western Multiplex Corp. announced on Thursday that they have agreed to merge in a deal worth approximately $289 million. Described as a merger of equals, in which Proxim and Western Multiplex stockholders will each own 50 percent of the combined company, the new company will keep the Proxim […]