Matt Carolan

Research in Motion Ltd. (RIM), the Ontario, Canada maker of the popular BlackBerry wireless e-mail device, reported a net loss in line with company guidance for its fiscal third quarter. The company also announced a new partnership with Nextel Communications, Inc. RIM said its net loss for its fiscal third quarter was $6.3 million or […]

Palm Inc., the troubled industry leader for handheld device hardware and software, on Wednesday reported a lower-than-expected net loss for its second quarter, on higher-than-expected revenues. The Santa Clara, Calif., company also elaborated somewhat on its strategy for selling devices for the enterprise, and its plans for structural separation of the hardware and software divisions. […]

Juniper Networks, Inc. on Thursday lowered earnings and revenue estimates for its fiscal fourth quarter. For the period ending Dec. 31, the Sunnyvale, Calif., maker of software and hardware for IP infrastructure announced that revenue would come in at $150-155 million, down from original estimates of $200 million. Juniper also indicated that its pro forma […]

AT&T and Comcast Corp. announced on Wednesday their intention to merge the AT&T Broadband division with Comcast in a deal valued at $72 billion. If approved by respective company shareholders and federal regulators the merger will create one of the U.S.s largest broadband services companies. The new company, to be called AT&T Comcast Corp. with […]

The upward momentum continues for Red Hat Inc. The Durham, N.C., provider of Linux software and services announced on Tuesday that it beat analysts expectations to record an adjusted net income of $1.3 million and earn 1 cent per share in the third quarter, excluding charges of $2.4 million. This compares to an adjusted net […]

Borland Software Corp. on Tuesday announced the release of a new interactive course to teach the deployment and use of Web services using selected Borland products. The Scotts Valley, Calif. company announced that its “RADical Web Services for e-Business,” a self-paced tutorial series, is available on CD-ROM. The course includes exercises designed to teach users […]

Microsoft and Bank One, the nations sixth-largest bank holding company, announced on Friday a three-year joint marketing and services deal, valued at $30 million. Under the agreement, Bank One will use the MSN Advantage Marketing Program to promote Bank Ones financial services, in areas like MSN Money, and tap Microsofts .Net Alerts Services to reach […]

Qwest Communications announced on Thursday that it plans to layoff an additional 7,000 employees, and lowered its revenue estimates for 2001 and 2002. Qwest had already cut 4,000 employees in September. The Denver-based broadband communications company said it expects to reduce its workforce to 55,000 by mid-2002. The company cited the deteriorating national economy as […]

Lucent said on Thursday that it sees a “low point” ahead in its fiscal first quarter for revenues, but predicted a return to profitability in 2002. The struggling Murray Hill, New-Jersey based network equipment maker said it expects revenues of between $3.1 and $3.4 billion and a pro forma loss of 23 to 26 cents […]

Enterprise software maker Oracle announced late Thursday a net second quarter income of $549 million, with earnings per share of 10 cents. That is down from $622 million and 11 cents per share from the same period last year. Earnings were in line with expectations of analysts surveyed by First Call/Thomson Financial. Revenue came in […]

Ciena announced Thursday that its fourth quarter saw a loss of $1.8 billion, or $5.51 cents per diluted share. The Linthicum, Maryland-based maker of optical networking equipment said its net income, excluding a massive goodwill impairment charge, most of which was for the purchase of Cyras Systems, restructuring costs, deferred stock compensation charges, payroll taxes […]

The exclusive registry operator of the .biz top-level domain said Thursday it has recorded 500,000 such domain names in one month. Sterling, Virginia-based NeuLevel, Inc. said the number reflects a strong global demand for the new domain, which became available on November 7, 2001. “The need for a domain dedicated solely to business is strongly […]