Clint Boulton

Just hours before a federal court order was to shut down the popular music-exchnage service, Napster, an appeals court stepped in. Late Friday, it stayed execution of Wednesday’s order, allowing Napsters to continue operating while the courts consider Napster’s appeal. The order issued on Wednesday by U.S. District Judge Marilyn Hall Patel would have forced […]

Nortel Networks Friday countered strikes by networking rivals Cisco Systems Inc. and Lucent Technologies Inc. by grabbing content switch giant Alteon WebSystems Inc. for $7.8 billion in stock. Alteon’s shareholders will receive a fixed exchange ratio of 1.8 Nortel common shares for each share of Alteon’s common stock. Based on Thursday’s closing price of $78.63 […]

In a move bound to leave smaller Internet security firms shaken, Symantec Corp. bought AXENT Technologies Inc. in a stock deal valued at $975 million. AXENT shareholders will receive in a tax-free exchange 50 cent shares of Symantec common stock for each share of AXENT common stock they own. Based upon Symantec’s closing price of […]

A day after learning that its second quarter profits rose 18 percent, AT&T Corp. Wednesday celebrated with a strategy to increase the speed of networks. AT&T is enabling businesses to connect their networks to AT&T Internet data centers. The telco will offer enterprises who wish to revamp the firepower of their DSL Internet connections the […]

The iGroup Tuesday agreed to integrate and resell portal software supplier Enterworks Inc.‘s product suite with its intranet technology. The UK-based, e-business division of e-commerce firm Computacenter Ltd. said that bundling its technology with Enterworks would result in a corporate portal solution that integrates content and automates business processes among employees, customers and partners. The […]

Lucent Technologies Inc. Tuesday bought network switching supplier Spring Tide Networks for $1.3 billion in stock. Lucent will offer 26.8 million shares and options for the privately-held company, based on the closing price of $50.13 for Lucent stock on July 24. Lucent already owns a 4 percent stake in Spring tide. Spring Tide’s core business […]

Cisco Systems Inc. Tuesday added another communications firm to its fleet by grabbing voice-over-IP device provider Komodo Technology Inc. for $175 million in stock. The deal expands a relationship began in March when Cisco took a 10.5 percent stake in the company. In connection with the acquisition, Cisco expects a one-time charge of up to […]

TekInsight.com Inc. Monday launched a failure detection system that provides IT departments with rapid, accurate answers and assistance to users when a computer or network failure occurs. Dubbed BugSolver Enterprise, it is the third product announced in a series of BugSolver services. The tool resides on a client or server computer collecting diagnostic data. When […]

The Internet Corp. for Assigned Names and Numbers is coming under new criticism from a group alleging the organization’s structure has much to do with its failures. The People For Internet Responsibility, a grassroots organization, criticized the group’s policies. However, it was quick to point out that much of the blame was due to historical […]

Privately-held health-care news company MillenniumHealth Communications Inc. Friday offered to combine assets with the struggling Drkoop.com.. The deal would provide a financial rescue for Drkoop.com, which has slashed 35 percent of its workforce since March. Like other sites, the firm has struggled to cull financing from investors despite its link with former Surgeon General C. […]

Bertelsmann AG grabbed CDNow Inc. Thursday for $117 million in cash. The international media titan bought the ailing online music destination for a tender offer of $3 per share. Bertelsmann will infuse CDNOW with $42 million to pay off existing loans and to fund CDNOW’s ongoing operations until the close of the transaction, slated for […]

AT&T’s Solutions arm Thursday expanded its application performance management capabilities to provide a speedier service for corporate and extranet users experience. AT&T Solutions, the managed networking solutions and professional services arm of AT&T, will integrate the new application performance management tools with its networked messaging management, enterprise wide area networks and custom hosting capabilities, with […]