Matt Carolan

Agere Systems announced Wednesday that it will lay off an additional 950 employees in an attempt to cut costs. The maker of components for communications applications announced earlier this year that it would eliminate roughly 6,000 jobs as a result of flagging demand for semiconductors. Wednesdays job cuts will fall in management positions covering product […]

Comcast Cable Communications, Cox Communications and Rogers Communications have reached agreements with Excite@Home to ensure uninterrupted service for their customers. Those customers were in danger of losing their service after Bankruptcy Court Judge Thomas E. Carlson ruled on Friday that Excite@Home could terminate its service agreements and cease providing service to its cable affiliates and […]

Network Associates is making some changes at the top. The e-business security solutions vendor on Monday named former McAfee division president Gene Hodges as the companys new president, and announced that chief financial officer Steve Richards will take on the additional duties of chief operating officer as well. In addition, Art Matin, formerly senior vice […]

Speaking before the National Press Club in Washington, D.C., Monday, Verizon co-CEO Ivan Seidenberg advocated the passage of a controversial piece of legislation touching on broadband competition and deployment, and a tax incentive package to help New York City recover from the economic effects of the September 11th terrorist attacks. Seidenberg expressed optimism that the […]

The National Association of Broadcasters announced Thursday that it will oppose the proposed merger of EchoStar Communications with DirecTV. “This merger would create the worlds largest monopoly video delivery system,” said NAB President and CEO Edward O. Fritts in a prepared statement. The NAB announced that TV Board Vice Chairman Michael Fiorile will testify in […]

Tellabs announced Friday that it will acquire Ocular Networks for approximately $355 million in cash and options. Tellabs said that Ocular Networks Optical Service Xchange next-generation transport system would enables it to increase network utilization efficiency and avoid backhauling traffic in the network, offering additional customer savings. “This acquisition benefits customers by marrying Tellabs unique […]

Cable & Wireless announced Friday that it will acquire most of the assets of Exodus Communications in an all-cash transaction of $575 million. Cable & Wireless will also assume approximately $180 million in Exodus debt. The London-based telecommunications giant will acquire Exoduss American, Japanese and European customer contracts, and other assets, including 26 data centers […]

National Homeland Security and Defense director Tom Ridge on Tuesday offered a glimpse at a growing federal and perhaps international strategy for sharing health information in the wake of a biological crisis. During prepared remarks Ridge cited the need to better share information among “first responders” to a national emergency, including health professionals. “We also […]

Brocade Communications Systems, Inc. on Wednesday beat analyst expectations for its fiscal fourth quarter, and touted a growth in annual revenue. The storage networking technology maker reported diluted pro forma net income of 5 cents per share or $10.9 million. Analysts were expecting earnings of 4 cents per share. In the same quarter last year […]

Struggling broadband services provider XO Communications, Inc. on Thursday announced two major new investments in the company totaling $800 million, but also that current shareholders will lose “substantially all of the value of their investment” as a result of restructuring. Investment firm Forstmann Little and Telefonos de Mexico will each invest $400 million in XO, […]

Oracle CEO Lawrence Ellison and Apple CEO Steve Jobs today jumped into the burgeoning effort by tech companies to aid the nations schools. Following on the announcement by Microsoft Corp. that it had settled long running private antitrust suits against it by offering a $1 billion donation in Microsoft software, hardware and training to the […]

Microsoft is close to settling numerous private antitrust suits against it, and public schools may benefit. Citing academics and attorneys close to the discussions, The Wall Street Journals online edition reported Tuesday that Microsoft was putting the finishing touches Monday evening on an agreement for the company to provide software and computers to more than […]