InternetNews Staff

By @NY Staff Content aggregation firm ScreamingMedia Inc. said it took a $12 million restructuring charge in the third quarter directly related to lease obligation write-offs and staff cuts that affected approximately 70 employees. The New York-based company said the cost-cutting moves were necessary after third quarter net losses reached $16.7 million (42 cents per […]

By Ryan Naraine New York-based media conglomerate Viacom Inc. has terminated its two-year deal with Medscape, a move that effectively shuts down the CBSHealthwatch.com site. Medscape , based in Oregon, said the scrapping of the deal would result in the return of approximately $111 million in outstanding CBS advertising inventory, which carries a book value […]

Optical networking systems developer Ciena Corp. is initiating an immediate workforce reduction of 380 employees. The overall 10 percent reduction in employees will be concentrated in its manufacturing operations. Affected employees will be paid through Jan. 10 and will be eligible for additional severance packages. The Linthicum, Md.-based Ciena indicated that the restructuring charge of […]

Dulles, Va.-based America Online, a unit of AOL Time Warner, confirmed that it had eliminated 20 positions from its 750-person interactive marketing group. A spokesperson for the company declined to comment beyond saying that the layoffs were related to earlier restructuring efforts. In August, America Online laid off about 1,200 staff members from across the […]

MindArrow Launches Holiday Promotion Aliso Viejo, Calif.-based rich media e-mail firm MindArrow Systems is offering streaming video e-mail cards, hoping to attract customers that want to substitute them for traditional corporate holiday cards, it said. According to Scott Altman, vice president of marketing for MindArrow, the company launched the promotion due to requests from the […]

Misys International Banking Systems’ (Misys), the Dublin, Ireland-based subsidiary of financial services solutions provider Misys plc., today announced a customer win for its Fontis iBanking solution. CashSwitch, a large online financial services company in Dubai, has licensed the solution to make Internet banking more accessible and cost-effective for banks in the Gulf region. Through its […]

In an effort to address the demand for education and information on Web services, technology business advisory firm Delphi Group is unleashing an aggressive campaign for developing market awareness of what it says is already next year’s hottest topic. “Web services is at an inflection point,” says Nathaniel Palmer, Delphi Group Chief Analyst. The firm […]

Seagate Technology this week announced what it said is a new areal density record of more than 100 billion data bits per square inch (100 Gb/in2) using a fully integrated magnetic recording head and multi-layer antiferrogmagnetic coupled (AFC) disc. “This milestone significantly surpasses any industry announcement to date,” said Tom Porter, Chief Technical Officer at […]

In an effort to help companies curb spending on content management over content creation, CrownPeak Technology, the Marina Del Ray, Calif.-based content management Application Service provider (ASP), today unveiled its ROI calculator, a new tool for determining return on investment of a firm’s content management initiatives. “Return on investment is clearly the mantra of every […]

Latin American companies, ABN Amro, Banco Um, Datamidia, Grupo Aval, and Sony Latin America, have recently chosen applications from E.piphany, Inc. to power their CRM strategies. E.piphany credits its significant customer wins to its support for Latin America by establishing offices in Brazil, Argentina, Mexico and Latin American business capital Miami. “Like all of our […]

SilverBack Technologies, a Billerica, Mass., provider of infrastructure monitoring software and services, has named two vice presidents: Christine Washburn, marketing; and James Hare, business development. “As our IT monitoring software and service continues to evolve, their proven ability to lead and execute global marketing and business development programs prime SilverBack for continued success,” said Dan […]

Eurologic(TM) Systems, a provider of network storage solutions for the vertical, channel and server markets, today announced plans to develop, co-validate and market Serial Advanced Technology Attachment (S-ATA) network storage solutions for the enterprise and departmental-level markets with Intel Corporation. Eurologic and Intel plan to integrate Intel’s S-ATA I/O building block technologies, including I/O processors […]