Matt Carolan

Ciena announced Thursday that its fourth quarter saw a loss of $1.8 billion, or $5.51 cents per diluted share. The Linthicum, Maryland-based maker of optical networking equipment said its net income, excluding a massive goodwill impairment charge, most of which was for the purchase of Cyras Systems, restructuring costs, deferred stock compensation charges, payroll taxes […]

The exclusive registry operator of the .biz top-level domain said Thursday it has recorded 500,000 such domain names in one month. Sterling, Virginia-based NeuLevel, Inc. said the number reflects a strong global demand for the new domain, which became available on November 7, 2001. “The need for a domain dedicated solely to business is strongly […]

The state of Rhode Island earlier this week announced that it would roll out technology allowing it to identify the location of certain wireless 911 calls within the state. Currently the program will work only with particular phones from Sprint PCS, but the state expects other carriers to test in and eventually join the system […]

America Online announced Tuesday the beta release of its new digital music subscription service, MusicNet 1.0, to be made available to AOL members in January. The cost of the new service will be $9.95 a month, for which subscribers will be able to access 100 music streams and 100 downloads per month. Currently AOL boasts […]

Nokias sales are heading back up. The Finnish mobile phone giant announced Tuesday that it is on track to meet or beat estimates for the fiscal 2001 fourth quarter, the results of which are scheduled to be announced in January 2002. Based on October and November developments, Nokia said it expects net sales growth of […]

Saying that it wants to reinforce its position in Japans growing Internet market and accelerate its strategy for reaching Japanese businesses seeking IP and data services, Cable & Wireless on Monday announced that it will acquire PSINet Japan. PSINet Japan has several thousand business customers, with points of presence in several key Japanese cities, and […]

Verizon announced Monday that it will sell its TSI Telecommunications Services subsidiary to the equity investment firm GTCR Golder Rauner, LLC for approximately $800 million. Tampa, Florida-based TSI, with 800 employees, serves nine of the ten largest wireless carriers in North America and 260 companies worldwide, providing roaming subscriber validation, call delivery and fraud management, […]

Agere Systems announced on Monday that it will sell its field programmable system chip (FPGA) product portfolio and all related software design tools to Lattice Semiconductor for $250 million in cash. Additionally, about 100 Agere employees will join Hillsboro, Oregon-based Lattice. “This acquisition provides Lattice with a unique opportunity to accelerate our previously announced intention […]

EarthLink on Friday announced that it will acquire the subscriber base and certain wireless infrastructure components of the troubled OmniSky Corporation. San-Francisco based OmniSky announced that it and its U.S. subsidiaries will file for Chapter-11 protection in the Bankruptcy Court for the Northern District of California in order to bring about the deal. Pending the […]

Global communications and information services provider Level 3 announced on Friday that it has reached agreement with McLeodUSA to acquire some of its Internet and data assets and wholesale dial-up Internet Service Provider customer base, formerly part of Splitrock Services, for $55 million plus the assumption of some company debt. Level 3 will pick up […]