Jim Wagner

Nasdaq halted trading on competitive local exchange carrier Quentra Networks, Inc., Friday morning, hours after officials announced it had filed for Chapter 11 bankruptcy protection. It’s a case of bad news following bad, with Nasdaq announcing the halt as the competitive local exchange carrier looks for an avenue of financial safety. Officials said it would […]

Cable & Wireless announced Wednesday its completion of the second phase of construction on its $3.5 billion global IP network. When finished in the summer or fall of 2001, the network will be the world’s first true single global network, according to Chad Couser, Cable & Wireless spokesperson. “We’ve taken our U.S. network and built […]

Who says there’s no high-speed Internet war? Since companies started offering digital subscriber line and cable high-speed Internet services in the mid-1990s, analysts have predicted that DSL would wind up the broadband platform of choice. DSL has been heavily-favored for obvious reasons: its technology uses individual telephone lines to transmit data at blistering speeds, while […]

MegaPath Networks and Telocity joined forces Wednesday with an exclusive arrangement to refer potential customers to one another. It’s a sign of the times, as digital subscriber line providers who don’t adapt to demanding market pressures are quickly brought down by the market they serve. Under the arrangement, MegaPath passes residential DSL leads to Telocity, […]

Four broadband Internet service providers filed for federal bankruptcy protection, a move that will eventually strand thousands of customers and has prompted providers like Covad Communications Group to scramble Tuesday to adjust its business plan. The four ISPs; Flashcom Communications, Zyan Communications, Relay Point and FastPoint represent more than 32,000 digital subscriber line customers using […]

Millions of online KMart Corp. shoppers will find a mess that needs clearing up in the e-aisles when they try and fail to log on this morning. BlueLight.com didn’t have a good weekend, ending its relationship Monday to dial up-provider Genuity, Inc., and scrambling to sign deals with WorldNet and PSINet, Inc. BlueLight.com officials would […]

ISP Channel is closing its doors at the end of the year, officials said Monday. The announcement marks the final step in SoftNet System Inc.’s systematic shutdown of its troubled cable Internet subsidiary. SoftNet’s board of directors expect to spend between $28 and $30 million in the next month to completely close down ISP Channel’s […]

In a hurry to gain Federal Trade Commission approval, America Online, Inc., and Time Warner, Inc., made what they say is their final and best proposal, according to a report Friday in The Washington Post. The offer, the terms of which are not known, comes days before the FTC’s self-imposed Dec. 11 deadline. The board […]

NorthPoint Communications is seeking $1 billion in damages against Verizon Communications in a suit filed Friday. The lawsuit, filed in the City and County of San Francisco, is the data competitive local exchange carrier’s response to Verizon’s decision to cancel a proposed merger of its two digital subscriber line operations worth $800 million. Liz Fetter, […]

It’s East meet West, Canadian style, as cable giant Shaw Communications announced Thursday its intentions to buy rival Moffat Communications Ltd., for (Canada) $1.2 billion. The buyout, subject to shareholder and regulatory approval, was inevitable as Shaw continues its cable Internet consolidation throughout Western Canada. Shaw, the second largest cable Internet provider in Canada, owned […]

Verizon Communications is to blame for the 248 employees who lost their job Thursday, officials at NorthPoint Communications said. Approximately 19 percent of NorthPoint’s workforce, employees mainly from its offices in San Francisco and Emeryville, CA, were notified this morning of the decision to cut their jobs. They were sent home soon afterwards. According to […]

NorthPoint Communications terminated digital subscriber line service to one of its Internet service providers Wednesday, a likely sign it doesn’t expect to receive past-due revenues anytime soon. Flashcom DSL customers received an email Wednesday morning from rival DSL provider Telocity, Inc., telling them NorthPoint’s relationship with the troubled Internet service provider was ended. The email […]