Colin C. Haley

Akamai Technologies , a Cambridge, Mass., content delivery network operator, posted narrower third quarter losses but will cut up to a quarter of its staff in pursuit of profits. Akamai’s encouraging results come at the start of an important earnings season that could signal whether the technology sector, and the economy as a whole, will […]

When it comes to partnerships, Akamai doesn’t play favorites. In the past year, the Cambridge, Mass., content delivery specialist has inked equipment, joint marketing deals or research and development pacts with some of the biggest names in the information technology industry including BEA Systems , Compaq , Genuity , Novell and Oracle . Now it […]

Internet infrastructure giant Genuity has raised $1.15 billion through the placement of four-year floating rate notes, a move to ensure it has the resources needed to operate through the information technology (IT) spending slump. The Woburn, Mass., company said the securities are backed by a letter of credit drawn under its amended $2 billion credit […]

In a special conference call, Akamai.com CEO George Conrades thanked the Internet industry for its support following the death of its co-founder and CTO and said the firm’s success would be “the most appropriate tribute” to his friend. Daniel Lewin was a passenger aboard American Airlines Flight 11 that was hijacked out of Boston’s Logan […]

EMC‘s stock may be plumbing its 52-week low, but the Hopkinton, Mass., data storage giant still has several billion dollars in cash and investments (nearly $5 billion at the end of the last quarter) for acquisitions. Yesterday, it used $50 million of its warchest to buy Luminate Software, a Redwood City, Calif., developer of performance […]

In personnel news from the intertwined world of the Massachusetts data storage industry, StorageNetworks said Harry Dixon has resigned from its board of directors. The Waltham, Mass., provider of data storage management services gave no reason for the departure. Dixon is a former executive at EMC , the Hopkinton, Mass., data storage giant, and co-founder […]

Partly to diversify its advertising options, online directory Switchboard is restructuring a 2-year-old equity deal with media giant Viacom. Viacom, which owns media network CBS, would surrender the 7.5 million shares of Switchboard common stock and half the 1.1 million common stock warrants it holds. The transaction would reduce Viacom’s ownership of Switchboard from 32 […]

Further shifting from incubator to software seller, divine will buy e-business application maker Open Market in a $59.3 million stock deal. “With its leading, standards-based technology, roster of very talented people and strong international operations, Open Market represents a key acquisition for divine,” said Andrew “Flip” Filipowski, divine chairman and CEO. Under terms of the […]

After two days of meetings with EMC execs, analysts left Boston feeling better about the data storage giant’s longterm prospects but frustrated with the lack near-term guidance on growth, margins and pricing. In a note to investors, Golman Sachs (GS) said it is “comfortable” with the company’s leadership position in the sector, “maybe even a […]

In another move to cut costs, and possibly make it more attractive to a buyer, NaviSite , has cut 126 full and part-time employees, approximately 25 percent, of its total staff. The Andover, Mass., Web and application host said included in the total number are seven of 13 vice presidents, in the areas of sales, […]

Analysts expect data storage giant EMC to face “harsh” questioning at its annual analyst meeting this week, a marked change from the lovefests of previous years. Investors will be “demanding answers to issues such as sustainable growth and margins, pricing, competition and near-term demand,” according to a Goldman Sachs (GS) research note. Like other hardware […]

Globix , of New York, will tie its Internet data centers into optical networks run by GiantLoop, of Waltham, Mass. Terms were not disclosed. The deal allows Globix, a provider of co-location, Internet access, Web and application hosting, to boost bandwidth, and offer new services such as mirroring, backup data replication and content delivery. “Globix […]