Randy Scasny

Experiencing “significant weakness” in first-quarter orders, Schuamburg, IL-based Motorola, Inc. (NYSE:MOT) say that it doesn’t expect to achieve the first-quarter 2001 sales guidance of $8.8 billion or the earnings guidance of 12 cents per share given on Jan. 11, 2001. Citing the sharp economic slowdown in the U.S. and inventory corrections taking place broadly in […]

Acquiring an equity stake through an investment and a continued alliance, Whirlpool Corp. has announced that it has invested in “smart” appliance company zBox. In addition, Robert M. Cunningham, Vice President, Product Delivery, Whirlpool North America, has joined zBox’s Board of Directors. zBox Company’s flagship product is the zBox – an Internet-enabled, “smart” delivery appliance […]

Chicago-based InfoCast Corporation, (OTC BB:IFCC) a Vertical Service Provider for the call center industry, announced today that it has received cash and commitments for $4.8 million in equity financing from Canadian and European-based investors. “This is the first of a series of financing rounds that we have planned to strengthen our balance sheet and provide […]

Motorola Inc. (NYSE:MOT) disclosed plans Friday to cuts as many as 4,000 jobs, or about 3 percent of its work force, from its semiconductor operations by the end of the year–its third round of employee cuts in 10 weeks. Motorola, the world’s No. 3 maker of semiconductors and No. 2 in cellphones, has been suffering […]

The amount of money customers spend on ebusiness services is increasing at a torrid pace — from nearly $28 billion in 1999 to $290 billion in 2004, according to market intelligence firm IDC. However, ebusiness services providers that have extensive expertise in only one or two solution areas might lose out on this hot opportunity. […]

Imagine not having to drive to the bank to retrieve a document from your safe-deposit box. The dream becomes a reality with a deal announced today by FreeDrive Inc. and New Century Bank in Chicago. They hope to make time-saving convenience possible by providing bank customers with private, secure storage space on the Internet for […]

Nuclio Corporation announced today it is purchasing The Revere Group’s managed services provider (MSP) business, and assuming responsibility for all its MSP customers. In turn, The Revere Group is re-allocating its resources toward its core competency of technology and business consulting and process design. No further details of the deal were provided. In Novemeber 2000, […]

Chicago-based Spirian Technologies Inc. Tuesday (Jan 30) announced that it has secured $7 million in equity financing from an investment consortium co-led by Citadel Limited Partnership and Ravenswood Capital Venture Fund II, both based in Chicago. The investment by Citadel and Ravenswood marks the third round of equity capital for Spirian, which previously received funding […]

Internet consulting company MarchFirst Inc. said Wednesday it would cut corporate expenses to about 10 percent of sales and lay off an additional 550 people and said it would close or consolidate some smaller offices as it completes its 2001 business planning process. The Chicago-based company said it would “dramatically” cut discretionary spending until it […]

Managing Editor, chicago.internet.com Elmwood Park, IL-based Akoo.com today announced a marketing partnership with RealNetworks, Inc. (NASDAQ: RNWK), under which Akoo will bundle its wireless Internet audio device, Kima, with RealNetworks’ RealJukebox, the market-leading jukebox software which enables consumers to build and manage extensive digital music collections. Akoo’s recently introduced Kima allows users to wirelessly access […]

It was previously reported that last Friday sources, including an ex-employee, said about 100 Telenisus employees were laid off, adding to the alleged 50 workers let go the week prior. However, the company’s Director of Communications, Rick Aspan, asserted to the contrary that about 60 employees were laid off on Friday, with only 10 the […]

IntraNet Solutions, Inc. (Nasdaq:INRS), a provider of Web content management solutions, announced today that it has formed a strategic alliance with Channell Communications, an e-business solutions provider. Under the agreement, Channell will integrate and market IntraNet Solutions’ Xpedio Web content management suite to the financial sector worldwide. Xpedio enables customers to rapidly deploy business Web […]