InternetNews Staff

The crisis in the technology industry is affecting more and more companies in Germany. A study revealed that of 15 large, well-known German employers, six want to cut jobs. Grundig, the electronics manufacturer with a total of 5,000 employees, wants to cut 1,093 jobs in Nuremberg and Bayreuth. Intershop, the former software star with 1,100 […]

The press release announcing Viewpoint Corp.’s licensing deal with America Online was little more than an inch deep, but the revenue potential for the 3D media company is a mile wide. New York-based Viewpoint, which specializes in 3D, Flash animation and rich media marketing tools, has signed a multi-year, multi-million dollar licensing and distribution agreement […]

Despite a 22 percent drop in the total value of its subscriber contracts within a year, Internet research firm Jupiter Media Metrix, Inc. made progress holding down the extent of its losses during the second quarter ending in June. The Alley company said its net loss before one-time and other charges was $10.1 million (28 […]

InterSAN(TM), an applications-based Storage Area Management (SAM) software today announced it will support present and future storage solutions from Hitachi Data Systems. According to the companies, InterSAN’s software will allow customers to efficiently allocate, manage, and monitor Hitachi Data Systems’ storage systems in a distributed storage-networking environment. Working with Hitachi Data Systems, InterSAN says it […]

Micron Electronics Inc. (Nasdaq:MUEI), a leading provider of business-class Web hosting, today named the slate of officers it plans to propose to its board of directors to run the combined company after its planned acquisition of Interland is complete. “With only a couple of weeks to go before we bring these two companies together, I’m […]

LSI Logic Corporation this week reported 2001 second quarter revenues of $465 million, a 10 percent decrease from the $517 million reported in the first quarter, and 28 percent lower than the $644 million recorded in the second quarter of 2000. The second quarter 2001 net loss, before amortization of goodwill and other special items […]

Auspex Systems, Inc., a Network Attached Storage provider, today reported results for its fourth fiscal quarter 2001 ended June 30, 2001. According to the company, revenues for the fourth quarter ended June 30, 2001 were $10.0 million, a 7% increase over $ 9.4 million in the prior quarter, ended March 31, 2001. Fourth quarter product […]

Overall sales of handhelds in Western Europe slowed dramatically in the last quarter, but Compaq’s iPAQ Pocket PC device came on like gangbusters, almost knocking Palm out of the top position, according to a study released Friday by Gartner Dataquest. According to the study, Palm’s market share in Europe slipped from 59.5 percent in the […]

OTG Software, Inc. , a provider of online data storage, data access and email management software solutions, this week announced it has acquired UniTree Software, Inc., a provider of advanced technology for UNIX and Linux-based data storage and database storage management. Under the terms of this acquisition, OTG has acquired privately held UniTree for approximately […]

StorageTek(R) (Storage Technology Corp.), this week reported second quarter 2001 revenue of $512 million and earnings per share of $0.12, compared to second quarter 2000 revenue of $512 million and earnings per share of $0.09, excluding restructuring charges. In the second quarter of 2000, pre-tax restructuring charges of $12.4 million reduced earnings per share by […]

Rorke Data, Inc., a subsidiary of Bell Microproducts, Inc. this week announced that the company’s new StudioNet-FC, a high bandwidth Fibre-Channel workgroup solution, has been installed at three additional studios. The new StudioNet-FC users are Trailer Park, Aspect Ratio, and the UCLA School of Theater, Film and Television. Each of the new users is located […]

Quantum Corporation, this week announced first quarter pro forma net income for fiscal year 2002, ended July 1, 2001, of $17 million, or 11 cents per share, diluted, excluding both the gain recorded on the disposal of the company’s hard disk drive business and non-recurring items. Total revenue for the quarter was $279 million. Storage […]