Erin Joyce

Carly Fiorina, the chairman and CEO of Hewlett-Packard, unveiled new investments in the tech vendor’s Web Services products by extending its OpenView management tools — all while managing to get in some shots at its rival IBM . In the process, she signaled HP’s realignment of a major suite of IT management software with open […]

Red Herring magazine is the latest victim of the “new economy” magazine bust that followed the tech boom of the late 1990s. The magazine’s parent company, RHC Media Inc., has decided to shut down the technology/venture investing monthly after it failed to find a buyer, an employee of the company confirmed. The March issue, which […]

Financial services firm AXA Group has awarded IBM a six-year outsourcing contract that includes rolling out “on-demand” computing services for the insurance and money management firm. The contract is worth an estimated $1 billion, the companies said, and includes a provision to extend the pact if need be. AXA joins an increasing number of financial […]

Cable provider Comcast’s merger with AT&T Broadband appears to be moving along more quickly than expected. The newly-integrated company predicts five million high-speed Internet customers by year end. In its first earnings release to reflect the merged cable companies, Comcast said its high-speed modem customers grew by 50 percent from the same time a year […]

Telco networking company Lucent Technologies has reached a settlement with the Securities and Exchange Commission regarding a probe over how it booked revenues as troubles in the telecom industry were surfacing. The Murray Hill, N.J.-based company said it reached an agreement in principle with the staff of the SEC and admitted no wrongdoing as a […]

Computer services provider EDS had some good news for a change Tuesday when it announced that the U.S. Navy had greenlighted its $6 billion IT services contract. The contract had been held up for internal review by the Department of Defense, which the Plano, Texas company had not anticipated. The contract news appeared as a […]

In a move that could quickly expand their sales channels and market position in managed services, telecommunications provider AT&T and networking hardware maker Cisco Systems have announced an extended strategic relationship. By strengthening their ties, both companies are eying a stronger foothold in the mid-sized business market, where analysts currently see better selling opportunities for […]

Major changes are in the works at online bank/brokerage E*Trade , including its corporate governance structure, technology, and new financial products, company officials said. During an analyst presentation Thursday, E*Trade’s new CEO, Mitchell Caplan, joined other senior management executives to discuss how the company is changing its board of directors and cross-selling new brokerage products […]

America Online has pulled the plug on its interactive TV foray with digital video recorder company TiVo . “We are still supporting members but decided to no longer market new set-top boxes for the service in November 2002,” said AOL spokesperson Anne Bentley. She said the product is still available for current subscribers, but that […]

News and financial data provider Reuters Group , looking for new revenues amid a downturn in financial markets, is acquiring Web-based research distribution company Multex in a deal valued at about $195 million (121 million British pounds) in cash. The announcement came as Reuters announced a loss of $630 million (394 million pounds) for 2002 […]

Emboldened by higher-than-expected response to its broadband and digital video services, Cablevision Systems is calling for revenue growth of between 12 percent and 14 percent from those business lines in 2003. Helped in part by close to 170 percent growth in its digital video and VOD subscribers in the fourth quarter, the Bethpage, N.Y.-based Cablevision […]

Corporate data provider D&B said it would not improve its existing $7 per-share offer to acquire fellow business database company Hoover’s , leaving open the possibility that a rival investor group’s $8 bid could prevail. A rival investment group, including a dissident shareholder, had argued that Hoover’s online database business lines were growing rapidly and […]