Joseph C. Panettieri

At first glance, last year was a complete financial nightmare for Lucent Technologies. But take a closer look, and youll find a few Lucent employees smiling in fantasyland. Indeed, portions of Lucents Software Solutions Group spent last Wednesday afternoon at Disney World. Unlike much of Lucent—which has stumbled badly in recent quarters—the software team was […]

When Im hungry for rumors, I reach for the Computer Associates grapevine. Heres the latest: Sources say Computer Associates VP ReiJane Huai has resigned to launch FalconStor, which will develop IP-based storage solutions. FalconStor has a home page (www.falconstor.com), but none of its links are active. Youll recall that Huai was CEO of Cheyenne Software, […]

Like Tom Hanks character in the movie “Cast Away,” many investors have left Digital Island for dead. Sure, sales are on the rise. But quarterly losses are mounting, the companys stock is sinking faster than the Titanic, and Wall Street doesnt expect profits to surface anytime soon. Despite the red flags, you might be wise […]

Nearly four years after the fact, Computer Associates and the former Cheyenne Software finally are getting the last laugh on Network Associates. Software historians will recall that Network Associates (formerly McAfee Software) launched a $1 billion hostile bid for Cheyenne in early 1996. Truth be told, I was working for Cheyenne at the time—and a […]

Theres nothing like the holidays for sharing bad news. I can still hear my dearly departed grandma telling me about her latest medical “condition” over Christmas dinner. Even big business loves to break out the bad news during a vacation. And if it doesnt come in a formal press release, youre sure to find a […]

My business phone was silent during most of the holiday season—except for all of those voice mails from C-bridge Internet Solutions. The company is still working overtime to distance itself from other struggling Web integrators. In its latest round of messages, C-bridge notes that dot-com customers will need to pay up front before doing business […]

Qwest CEO Joseph Nacchio is afraid of the dark. Specifically, Nacchio doesnt want any of Qwests data centers to go dark as a result of Californias ongoing energy crisis. “My boss and Joe Nacchio are asking me all the right questions,” says Tom Schill, VP of hosting operations at Qwest. “Weve had a series of […]