Matt Carolan

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 […]

Juniper Networks, Inc. announced Tuesday that it met lowered earnings expectations for its fourth quarter of 2001, and missed lowered revenue expectations just slightly. The Sunnyvale, Calif. maker of network infrastructure equipment also predicted flat sequential revenue and lower pro forma earnings per share for the first quarter of 2002. For its fiscal fourth quarter […]

McAfee.com Corp. on Wednesday blew past consensus estimates for its year 2001 fiscal fourth quarter. The Sunnyvale, Calif., provider of security and other products and services for personal computer users and small businesses announced pro forma earnings (excluding non-cash charges related to stock-based compensation and the amortization of intangibles) of nine cents per share on […]