Matt Carolan

Redback Networks Inc. on Wednesday announced that it beat consensus estimates for its fiscal fourth quarter. The San Jose, Calif., provider of advanced networking systems announced that it lost 20 cents per share on a pro forma basis, and 67 cents per share using generally accepted accounting principles, which include charges such as Redbacks write […]

Netro Corp. on Tuesday announced that it has reached agreement to obtain the fixed wireless assets of AT&T Wireless. The San Jose, Calif. provider of fixed wireless access networks will obtain AT&T Wirelesss fixed wireless development team, a license to intellectual property, and related equipment and software assets, in exchange for $16 million in cash […]

Antivirus researchers revealed on Wednesday that they have in their possession a virus apparently aimed at Microsofts .NET platform, the high-profile software-as-a-service initiative on which the Redmond, Wash., company is betting its collective future. Microsoft responded on Thursday by saying that the viruss aim is off. The virus, sent by an author named “Benny” in […]

Yahoo!, Inc. and Cigna Corp. announced on Wednesday a multimillion-dollar agreement for Yahoo! to provide personalized Web sites for Cignas 16 million health care and retirement services customers. Cigna, which is the nations third largest provider of health care services and third largest provider of retirement benefits, said its customers will be able to find […]

In line with previously announced job cuts, Motorola, Inc. this week told its employees that it will lay off 20 percent of its nearly 600 top executives. Since August 2000, the Schaumburg, Ill. maker of wireless communication devices has laid off 42,000 employees, reducing its workforce from a high of 150,000. Motorolas most recent round […]

Lucent Technologies on Monday announced that it has brought back former company executive Patricia Russo to be its new president and CEO. Russo was named president and CEO of Eastman Kodak Company just eight months ago. She will replace current Lucent chairman and interim CEO Henry Schacht, who took over from Richard McGinn in October, […]

Palm Inc. is hoping to make 2002 the year of the enterprise, but the success of the handheld device company lies precariously in the hands of corporate customers who have a lot of choices these days. Palms interim CEO, Eric Benhamou, said late last month that the company had made mistakes in 2001 but had […]

The State of New Jerseys Division of Consumer Affairs announced on Thursday that it has reached agreement with Toysrus.com to settle a state investigation into the Web sites privacy policies. Admitting no liability or wrongdoing, Toysrus.com agreed to clarify its posted privacy policy, provide “clear and conspicuous links” to that policy, and to pay New […]

The Federal Communications Commission Thursday approved Boeing Co.s application to provide high-speed Net access service for air travelers. The Connexion by Boeing service is designed to provide satellite-based high-speed Internet and intranet access, television and e-mail to airplanes traveling over U.S. territory and waters. Boeing also said the new service would provide airline operators with […]

Nortel Networks Corp. announced on Friday it anticipates a less-than-forecast loss from operations in its fourth quarter, and an amended credit agreement designed to improve its cash position. The Toronto, Canada telecommunications-equipment maker announced that it anticipates revenues of $3.4 billion and a pro forma net loss of 16 cents per share. Analysts surveyed by […]