InternetNews Staff

Emeryville-based Utility.com announced this week the completion of its third round of venture financing, raising over $22 million. Gaz de France, one of Europe’s largest gas companies, led the deal. Recently named the “Best-Performing Utility Web Site in the World” by Andersen Consulting, Utility.com is attempting to put the energy and telecommunications industries online through […]

New Edge Networks, a Vancouver, Washington-based wholesale broadband DSL provider in small, midsize and semi-rural markets, today announced it is eliminating 135 jobs companywide in a proactive step to stay on a path to profitability and stretch a new cash infusion through much of next year. About 100 of the jobs eliminated today are at […]

Cisco Systems, Inc., is joining forces with Corning Inc., to provide data carriers with pre-engineered optical network solutions, it was announced Tuesday. The non-exclusive strategic alliance brings the Cisco product line of optical switches and amplifiers to Corning’s popular LEAF optical fiber lines. Mike Volpi, Cisco senior vice president and chief strategy officer, said the […]

With the value proposition behind online banner ads already very much in doubt in the desktop paradigm, most analysts now say that advertising is even less likely to thrive in the mobile world. This will probably come as a disappointment to the many content providers presently planning to include an ad-based revenue component as part […]

internet.com, the Internet Industry Portal, on Tuesday launched its 10th regional bureau to cover the thriving Internet market and community in the greater Toronto area. toronto.internet.com joins the growing regional line-up that also includes recently launched sites in Phoenix and Miami. “The launch of Toronto.internet.com marks our first regional site in Canada and our tenth […]

[Berlin, GERMANY] Deutsche Telekom is rejecting the introduction of a wholesale flat rate as “not feasible”. Hans-Willi Hefekauser, Deutsche Telekom manager responsible for the area of regulation, told the Associated Press on Sunday that, due to already existing technological bottlenecks, he believes a flat rate will only be possible through investments of several billion German […]

Kaspersky Lab, an international data-security software-development company, warns users of the discovery of Hybris, a new Internet worm. Kaspersky Lab has been receiving reports of the discovery of this virus “in the wild” worldwide, being particularly active in Latin America although infections by this virus have also been found in Europe. The Internet worm Hybris […]

SkyStream Networks Monday unveiled its next-generation Source Media Router (SMR) platform, a family of networking devices that enable service providers to bolster the overall performance of their land-based fiber or copper networks and picture quality of their streaming media content by adding satellite and broadcast networks into their architectures. The SkyStream SMR series features intelligent […]

Active Voice Corporation, a Seattle-based provider of unified messaging and computer telephony software solutions, has announced that it has entered into a definitive agreement to be acquired by Cisco Systems, Inc. The acquisition of Active Voice supports Cisco’s vision to deliver unified communications and a single, end-to-end IP network combining data, voice, and video for […]

BigStar Entertainment, which runs online direct marketer Advaya, Friday reported net losses had narrowed to $2.9 million (or 29 cents per share) but the news did not help the company’s depressed share price, which was trading this morning at 28 cents per share. The company attributed the improved earnings to “significantly reduced sales and marketing […]

Have you been sitting at work dreaming of being able to watch your favorite movie on a whim right from your computer screen? CinemaNow Inc., a distributor of feature films over the Internet, and Redmond’s Microsoft Corp. may make this dream a reality. The companies yesterday announced CinemaNow’s pay-per-view service based on Microsoft’s Windows Media. […]

Despite difficulties at their U.S. parent companies, both 24/7 Media Asia and Engage Asia will not be cutting staff, the companies said Friday in separate statements. “Since acquisition, there are no current plans to lay-off staff,” said Ross Hughes, marketing manager of Engage Asia/Australia, in a telephone interview. Engage Asia was formed in August when […]