Colin C. Haley

Lucent’s financial woes are a “big step backward” for the company but they don’t mean the telecom industry rebound has fizzled, analysts at Deutsche Bank Securities (DB) said. On Tuesday, the Murray Hill, N.J., equipment maker warned it would lose 6 cents to 8 cents per share on revenues of about $1.97 billion in the […]

Cirrus Logic , a supplier of processors and software, has won two new contracts from manufacturers of DVD players and personal video recorders as falling prices for the devices spur consumer demand. Taiwan’s Sampo and China’s BBK now make products using components from the Austin, Texas, company, joining Bose, Pioneer, Onkyo and Toshiba as customers. […]

Enhancing its Lotus software portfolio, IBM has bought Aptrix, a privately-held, Australia-based provider of Web content management software for an undisclosed sum. The acquired technology, which will be folded into the Lotus Workplace Content Development offering, helps users create, share and post information on corporate Web sites and portals. A spokesman for Cambridge, Mass.,-based Lotus […]

Linksys this week unveiled a product to transport pictures and music stored on PCs to TVs and stereos, the first in a new line aimed at filling missing links in wireless home networking chain. “Now that many people have a home network and broadband service we want to provide them with a little more value,” […]

When Rupert Murdoch needs to contact underlings in his far-flung media empire, AT&T will make it happen. Murdoch’s News Corp. has signed a seven-year, $150 million deal with the telecom carrier for voice and international data services. Joyce Van Duzer, a spokeswoman for Bedminster, N.J.-based AT&T, said the deal extends and expands a previous voice […]

Sonus Networks is supplying Verizon Communications with equipment to handle long-distance voice traffic on parts of its network. The deal resulted in $2.1 million in revenues in the second quarter alone. The companies would not disclose the total value of the order. Executives at the Westford, Mass., firm said the deal, taken with other recent […]

Cisco today defended employee stock option plans as a valuable incentive, saying it won’t follow Microsoft in abandoning the practice. “Broad-based employee stock option plans are vital to the growth, innovation and the future of the technology industry and jobs in this country,” said Robyn Jenkins-Blum, a spokeswoman for the San Jose, Calif., network equipment […]

During the late 1990s, Microsoft’s stock (and nearly all other technology firms) cruised on a nearly vertical trajectory. Along with investors, employees of the Redmond, Wash., software giant reaped the benefits, amassing options to buy shares, watching the price double or triple until they were vested, then cashing out. The dependable cycle of wealth, which […]

Overture Services has landed the Web search contract for Freeserve, the United Kingdom’s largest Internet service provider, according to published reports in the U.K. For the Pasadena, Calif., firm, the deal represents a victory over its larger rival Google (which previous handled Freeserve’s Web search) and helps validate the acquisitions of a FAST Search and […]

Wireless network equipment maker Proxim warned it will miss second-quarter financial forecasts in the wake of a sweeping restructuring. The Sunnyvale, Calif., company also said its chairman and vice chairman have resigned. For the three months ended June 27, 2003, Proxim expects a net loss of 40 cents to 42 cents (using generally accepted accounting […]

Juniper Networks, along with its systems integrator partner Siemens, are bringing broadband to Vietnam. The companies have won a contract from state-owned Vietnam Post and Telecommunications (VNPT) to build the country’s first digital subscriber line network. DSL technologies use sophisticated modulation schemes to pack data onto copper wires. In the United States, more homes use […]

In recent years, telecom equipment makers have invested heavily in China, reaching out to carriers and government officials and opening research centers and sales offices across the country. And while the bonanza predicted the late 1990s hasn’t materialized in the market (or any other for that matter), some significant orders are starting to come in. […]