InternetNews Staff

Hong Kong — Chinadotcom corp. has announced that it will reduce staff levels by around 15 percent by the end of the second quarter of this year from 2,400 to around 2,000. The company has been engaging in a series of cost cutting measures including staff reduction and intended sale of non-core assets in order […]

After a series of high profile stock drops, lawsuits and an eventual buyout by AT&T, representatives at NorthPoint Communications officially announced late Wednesday that the company has been forced to shut down its DSL network after efforts to secure funding for interim operations failed. NorthPoint has been operating under Chapter 11 status since early last […]

USPowerSolutions, a Cambridge, Mass., startup that provides Web-accessible business management software to energy companies, has closed a $5 million round of funding. New investors include DQE Enterprises, individuals within CSFB’s Energy Technology Group and industry veterans including George Mazanec, former vice chairman of PanEnergy Corp. USPowerSolutions said it would use the cash to develop its […]

Wireless advertising and mobile e-commerce (m-commerce) revenues will soar in the next two years worldwide, but only a miniscule percentage of those revenues will come from the U.S., according to Jupiter Media Metrix. In a new study, the company said that worldwide wireless advertising, commerce and content subscription revenue will be $7.5 billion by 2003. […]

Sony Corp. announced a sweeping reorganization Wednesday that it said will turn the company’s focus toward delivering content over the Internet to devices such as handhelds, set-top boxes, wireless phones and its PlayStation game console. Specifically, the company said it would pursue development of “a ubiquitous value network” that provides always-on wired and wireless broadband […]

British ASP Keytech announced Wednesday (March 28) that it has signed a $1.4 million deal with IBM’s Tivoli Systems Inc. to implement Tivoli software at its managed service center in Manchester, England. “Tivoli software is ideally suited to the ASP market – the cross-platform flexibility and scalability of our solutions enables service providers to offer […]

Handspring Inc. continued its attempts to chip away at Palm’s market share by entering into a distribution deal that it hopes will strengthen its attempts to sell into the enterprise. Specifically, the handheld vendor entered into a distribution agreement with Ingram Micro. The deal will help Handspring develop a system of value-added resellers (VARs) who […]

Ezenia , a Burlington, Mass., maker of videoconferencing systems, has completed its $21 million acquisition of Colorado-based InfoWorkSpace. InfoWorkSpace, a subsidiary of General Dynamics , sets up online workspaces where project members can collaborate with text, graphics, instant messaging and screen sharing. Its products are used by thousands of federal employees, including in the Defense […]

[Hannover, GERMANY] — One day before the fair was due to close, the official CeBIT web site was still having trouble delivering good performance because of high online demand. CeBIT is an international trade fair that specializes in information technology and telecommunications technology. High utilization all day long often caused transactions to exceed the average […]

[Johannesberg, SOUTH AFRICA] – A recent report by the Aberdeen Group predicted that companies making use of e-procurement technologies could cut purchasing time and costs by more than 70 percent. “Companies who move their purchasing online dramatically reduce costs, shorten purchasing cycles and drive improvements to the bottom line,” promised the report. The group estimated […]

[Hong Kong] — A company partially controlled by China’s State Council has launched a B2B portal. ChinaEB, a joint venture between the State Research Information Technology Co. Ltd (SRIT) and Commerce One has been officially launched. SRIT is a state-owned company established in 1998 by the Development Research Center, a think tank under China’s State […]

StorageASP Inc., an Application Service Provider of data protection, backup, replication, remote replication, primary storage and professional services to e-businesses, plans a big deployment of hardware from Sun Microystems to expand its services. Sunnyvale, Calif.-based StorageASP also says it’s established joint technical and marketing initiatives with Sun throughout North America “Sun’s experience in providing open, […]