Colin C. Haley

NaviSite , an Andover, Mass., Web hosting company, is turning to college IT managers to learn how to improve its service for the higher education market. The company has formed a council of advisors from several New England colleges and universities including: MIT Sloan School, College of the Holy Cross, University of Massachusetts, University of […]

After disappointing third-quarter results, CMGI‘s new CEO put subsidiaries on notice that they must meet pro forma break even in fiscal 2003. “We are not satisfied with the performance of the business as a whole during the third quarter,” said George McMillan, completing his first full quarter at the helm of the Andover, Mass., Internet […]

Terra Lycos, the Internet service and content giant, has announced a new paid music service as part of its ongoing effort to wean itself off ad revenue in favor of more reliable customer subscriptions. The offering, dubbed Rhapsody and available through the Lycos Music, boasts selections ranging from Jennifer Lopez and Linkin Park to Bruce […]

Establishing a foothold in the nascent but promising Web services market, Novell will pay $212 million cash for SilverStream Software . “We promised we’d move aggressively into the Web services space,” said Jack Messman, Novell CEO. “With the acquisition of SilverStream, we will have not only achieved that goal, we will have jumped ahead of […]

Tier Technologies , a Walnut Creek, Calif., IT consultant, will buy Official Payments , a Stamford, Conn., online billing specialist, for about $75 million in cash. “(The deal) adds 1,200 state and local government clients, a new major contract with the IRS, a proven proprietary platform and a state-of-the-art data center to our business,” said […]

Genuity shareholders and directors overwhelming approved a 20-to-1 reverse stock split to stave off delisting, which would be a serious blow to its restructuring effort. The measure carried 96 percent of the vote at the Woburn, Mass., Internet infrastructure maker’s annual meeting. Adjusted shares begin trading May 30. Subsequently, Genuity will have approximately 11.1 million […]

A reorganization plan for Arch Wireless has won court approval, clearing the way for the Westborough, Mass., messaging company to exit Chapter 11 bankruptcy by month’s end. The plan implements the terms of its previously announced agreement with a majority of the company’s secured creditors and reduces Arch’s long-term debt to approximately $300 million. In […]

TMP Worldwide , parent of online job giant Monster, will lay off 525 employees and consolidate 80 offices as companies continue to delay hiring until an economic turnaround is evident. TMP currently has about 10,300 employees, a spokesman said. “Although there are some promising signs of an economic recovery, the employment market has not improved,” […]

TMP Worldwide has spent tens of millions of dollars on advertising and promos for its flagship property Monster. But just in case a neophyte online job searcher overlooked the Super Bowl ads, giant blimp, or ubiquitous Olympic signage, TMP has plunked down $800,000 for insurance in the form of the jobs.com Web address. The address, […]

Taking aim at industry leader EMC , Hitachi and IBM will merge their hard disk drive (HDD) operations into a new standalone joint venture whose annual sales could eclipse $4 billion. Additionally, the companies have inked a multi-year pact to develop new data storage networks, systems and software. Details are still being hammered out, but […]

Claiming patent infringement, EMC has petitioned the U.S. International Trade Commission to block data storage rival Hitachi Data Systems and its parent from importing three products. Additionally, EMC has sued Hitachi in U.S. District Court, in Worcester, Mass., for unspecified damages. Based in Hopkinton, Mass., EMC alleges six intellectual property violations. Four relate to its […]

Hobbled by accounting probes and sluggish sales, Enterasys Networks will dump 730 jobs, or 30 percent of its workforce, most by week’s end. Following the cuts, the Portsmouth, N.H., telecom gear maker will have 1,700 employees. Enterasys will also cut capital expenditures and working capital budgets as part of its restructuring. “Cost cutting initiatives are […]