Roy Mark

Managed service providers (MSP) SevenSpace Inc. of Chantilly, Va., and Nuclio Corp. of Oakbrook Terrace, Ill., are merging to create SevenSpace/Nuclio Corp. The new company will provide enterprise organizations with a management and monitoring service for complex applications and infrastructure. SevenSpace/Nuclio will receive a substantial, but undisclosed, cash investment from Forsythe Technology, one of the […]

Nextel Communications, Inc. hopes to reduce the wireless carrier’s future costs by $1 billion over an eight-year period through a strategic alliance with IBM to outsource Nextel’s customer service. The alliance also calls for Nextel and IBM to develop, market and deploy mobile e-business solutions to U.S. enterprise customers. The two companies will work together […]

One of the brightest lights in Compaq Computer Corp.’s otherwise dismal 2001 financial performance was its nearly $8 billion services arm, which posted more than $1 billion in new outsourcing engagements last year and grew bookings more than 28 percent over 2000. Compaq, primarily known for manufacturing computers, saw its outsourcing services growth rate hit […]

WorldCom Inc. has notified the 30,000 employees in data and Internet division there will be no 2002 merit raises and “some” increase in their benefits. In addition, the long distance and data services company will give eligible employees the opportunity to submit for cancellation outstanding stock options that were granted by WorldCom on Jan. 4, […]

The eBusiness Division of the Software & Information Industry Association (SIIA) has released a report examining what it thinks is the next stage in the evolution of the software industry: Web Services. The report provides a definition of Web Services, and analyzes five major companies (Sun, Oracle, IBM, Hewlett-Packard and Microsoft) competing plans to develop […]

Compaq Computer Corp. is reporting fourth quarter net income of $92 million (5 cents per share) on revenue of $8.5 billion. The nation’s number two computer maker behind Dell, the Houston-based Compaq said the fourth quarter performance was an improvement of $1 billion, or 14 percent, over the third quarter but still down 26 percent […]

XO Communications, Inc. has reached a definitive agreement with Forstmann Little & Co. and Telefonos de Mexico S.A. de C.V. (TelMex), Mexico’s largest telecommunications firm, on the terms of their previously announced intention to invest $400 million each in XO in exchange for new equity in the company. The agreement is subject to a number […]

Including acquisition-related costs in accordance with generally accepted accounting principles (GAAP), Intel Corp. posted a net income of $504 million in the fourth quarter, which was up sharply from the third quarter but still substantially below last year’s fourth quarter earnings. Using GAAP standards, Intel earned 7 cents per share in the fourth quarter, up […]

Nextel Communications, Inc. is aiming to spread the hegemony of its popular Direct Connect feature worldwide in a 3G development deal announced Thursday with Qualcomm Inc. and Motorola, Inc. . The Reston, Va.-based Nextel, the nation’s fifth largest wireless carrier with approximately 8 million subscribers, has built it base focusing on businesses and its exclusive […]

The U.S. Bankruptcy Court for the District of Delaware has approved the sale of e.spire Communications, Inc.’s Florida-based Internet subsidiary, CyberGate, Inc., to e.spire chairman George F. Schmitt for approximately $23 million. Opening bids were received Tuesday morning at the New York offices of Credit Suisse First Boston and the auction was held at the […]

Sprint PCS Group used the 2002 Consumer Electronics Show (CES) in Las Vegas Tuesday to introduce its latest wireless e-mail solution that allows users to gain access to their corporate e-mail — without synchronization — via their Sprint PCS Phones or handhelds. The service will be available later this quarter. No pricing was announced. Customers […]

Compaq Computer Corp. said Monday morning it now expects to post a fourth quarter profit as opposed to its previously announced guidance calling for a Q4 loss of three cents per share. The nation’s number two computer manufacturer behind Dell, Compaq now expects revenue in the quarter to exceed $8 million. Previous guidance and consensus […]