Matt Carolan

Genuity, Inc. reported a fiscal fourth quarter loss Thursday, based on a large one-time charge for assets devalued by overcapacity in the networking market. The Woburn, Mass e-business network provider said that it recorded a special charge of $2.7 billion in the quarter, $2.6 billion of which was a non-cash charge to reflect a decrease […]

WorldCom Inc. on Thursday reported reduced earnings at WorldCom Group, its Internet, data and business phone division, and said continuing sluggish telecommunications spending requires lowered earnings forecasts for the year ahead. WorldCom Groups pro forma net profit, which excludes certain items considered normal business expenses under generally accepted accounting principles, was $384 million, or 13 […]

Cisco Systems, Inc.s better-than-expected earnings and revenue news slipped out a little early on Wednesday, as the network equipment maker said it had to respond ahead of the companys afternoon conference call to an internal memo it claims was “inadvertently” leaked. In a statement issued early Wednesday morning, Cisco said the internal memorandum had been […]

As expected, Sprint PCS on Monday lowered its subscriber targets for 2002. The nations fourth-largest digital wireless network operator also just missed analysts estimates for losses in its fiscal fourth quarter 2001. Sprints wireless division reported a pro forma loss of 32 cents per share, with a net loss of $328 million, on revenue of […]

Nortel Networks Ltd. and Motorola, Inc.s Broadband Communications Sector announced an agreement Monday to team up on developing a VOIP (voice-over-IP) solution to sell to cable operators who want to offer converged communications services of voice, data and cable programming over their broadband lines. While not exclusive, the alliance will entail coordinated sales and support, […]

Western Multiplex Corp. reported late Thursday a net loss for its fiscal fourth quarter, while meeting analyst expectations. The Sunnyvale, Calif. wireless network equipment maker reported a net loss of $11.3 million or 19 cents per share, compared to a net loss of $3.3 million and 6 cents per share in the same quarter last […]

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. […]