Matt Carolan

Saying it wants to return to focus on its core business, Lockheed Martin is exiting the telecom services business. The aerospace giant announced Friday that it plans to begin selling off assets and reassigning employees of its Lockheed Martin Global Telecommunications (LMGT) services unit. “In view of continuing overcapacity in the telecommunications industry worldwide, and […]

VeriSign on Thursday announced a new series of services designed to help businesses register, protect and promote their brands and other intellectual property. Citing independent industry research, VeriSign noted that a typical large business owns 200 to 500 corporate, product and service identities, and exerts considerable resources registering, maintaining and defending them. That requires creating […]

The DES is dead. The AES will take its place. The Commerce Department announced on Tuesday that the federal government is replacing its aging Data Encryption Standard for securing sensitive unclassified information, first adopted in 1977, with a powerful new “Advanced Encryption Standard.” The standard is expected to be widely adopted by the private sector […]

Gerald M. Levin, the CEO of AOL Time Warner, is stepping down. The company announced Tuesday that Levin will retire following the companys annual meeting in May of 2002. Richard Parsons, the current co-Chief Operating Officer, will take over the post of CEO at that time. Robert Pittman who shared the COO post with Parsons, […]

Agere Systems announced Wednesday that it will lay off an additional 950 employees in an attempt to cut costs. The maker of components for communications applications announced earlier this year that it would eliminate roughly 6,000 jobs as a result of flagging demand for semiconductors. Wednesdays job cuts will fall in management positions covering product […]

Comcast Cable Communications, Cox Communications and Rogers Communications have reached agreements with Excite@Home to ensure uninterrupted service for their customers. Those customers were in danger of losing their service after Bankruptcy Court Judge Thomas E. Carlson ruled on Friday that Excite@Home could terminate its service agreements and cease providing service to its cable affiliates and […]

Network Associates is making some changes at the top. The e-business security solutions vendor on Monday named former McAfee division president Gene Hodges as the companys new president, and announced that chief financial officer Steve Richards will take on the additional duties of chief operating officer as well. In addition, Art Matin, formerly senior vice […]

Speaking before the National Press Club in Washington, D.C., Monday, Verizon co-CEO Ivan Seidenberg advocated the passage of a controversial piece of legislation touching on broadband competition and deployment, and a tax incentive package to help New York City recover from the economic effects of the September 11th terrorist attacks. Seidenberg expressed optimism that the […]

The National Association of Broadcasters announced Thursday that it will oppose the proposed merger of EchoStar Communications with DirecTV. “This merger would create the worlds largest monopoly video delivery system,” said NAB President and CEO Edward O. Fritts in a prepared statement. The NAB announced that TV Board Vice Chairman Michael Fiorile will testify in […]

Tellabs announced Friday that it will acquire Ocular Networks for approximately $355 million in cash and options. Tellabs said that Ocular Networks Optical Service Xchange next-generation transport system would enables it to increase network utilization efficiency and avoid backhauling traffic in the network, offering additional customer savings. “This acquisition benefits customers by marrying Tellabs unique […]