Brian Morrissey

As widely expected, WorldCom filed for bankruptcy protection late Sunday, marking the largest bankruptcy in U.S. corporate history. With creditors breathing down its neck and a dwindling pile of cash, Clinton, Miss.-based WorldCom bowed to the inevitable, filing a petition with the U.S. Bankruptcy Court of the Southern District of New York that listed $107 […]

Faced with dwindling cash reserves and creditors playing hardball, WorldCom could file for Chapter 11 bankruptcy protection as early as Monday, according to reports. Friday’s edition of The Wall Street Journal, quoting unnamed source close to the company’s finances, said WorldCom had about $600 million to $700 million in cash, of which $250 million is […]

While it began as the playground of scruffy technology buffs, stringing together free community networks in tech havens like Seattle and San Francisco, the booming 802.11 industry garnered the attention of the biggest names in tech and wireless this week Monday’s announcement by Microsoft that it would roll out an array of 802.11 products was […]

Buoyed by strong desktop-software sales, Microsoft delivered results in line with forecasts and said it expects both revenues and earnings to hold mostly steady next quarter. In the quarter ended June 30, Microsoft reported revenues of $7.25 billion, a 10-percent jump from the same period a year ago. Net profit came in at $1.53 billion, […]

Looking to boost businesses’ adoption of wireless data services, Lucent Technologies announced it had formed a group of wireless providers to offer companies an integrated suite of mobile services. The Murray Hill, N.J., telecom-equipment maker has partnered with Agere Systems, HP, iPass, ipUnplugged, and Sierra Network to form the Secure Mobile Data Services for Enterprises […]

Firing yet another salvo in its long-running war to win over AOL subscribers, Microsoft announced a buffed version of its MSN service would go into beta this week, with enhanced features designed to put a dent in AOL’s dominance of the Internet service provider (ISP) market. Microsoft said it would roll out MSN 8 in […]

Betting that consumers are ready to accept PCs as entertainment devices on par with televisions and stereos, Microsoft on Tuesday announced it would roll out its entertainment-center version of Windows XP in time for Christmas. The Windows XP Media Center Edition, currently in beta testing under the codename “Freestyle,” promises consumers a suite of remote […]

In the hopes of overcoming the nettlesome problem of tying together wireless LANs that are physically separated, wireless networking company 3Com Monday announced it would soon unveil a revamped bridging technology that allows 802.11b networks to leap from building to building. Due out next month, the 3Com Wireless LAN Building-to-Building Bridge is an update of […]

As WorldCom edged closer to the bankruptcy abyss over the weekend, thoughts turned to the troubled telecom’s future, as either part of another telecom or chopped up and sold in parts. WorldCom’s dire financial situation deteriorated over the weekend, after 25 of the 27 banks that provided WorldCom a $2.65 billion loan in May moved […]

Proving the motto “My enemy’s enemy is my friend,” Microsoft foes Sun Microsystems and Lindows.com announced an alliance to put Sun’s StarOffice software on Lindows.com’s operating system. The deal will make StarOffice 6.0, an alternative to Microsoft’s Office suite, the first commercial application available to run on LindowsOS, a nascent Windows rival that combines a […]

In a move to grab a bigger bite of market share in the competitive storage server space, IBM unveiled two new version of its Shark enterprise storage server, saying they would double its current performance while slashing data processing costs in half. IBM said the Shark 800 and Shark 800 Turbo would be available by […]

Microsoft announced it would invest $500 million in its 810,000-member partner network over the next two years, with most of the money to be invested in the next year. The company said the investment, roughly double the total plowed into partner initiatives last year, would begin this month. It is designed to help partners beef […]