Ryan Naraine

Even as the latest Gartner research shows a decline in worldwide sales of wireless phones 2001, market leader Nokia said it remained on track to meet or exceed first quarter profit targets this year. Nokia, which strengthened its worldwide sales lead over Motorola, Siemens and Samsung however said first quarter sales will fall more than […]

Three months after shelling out $42.5 million to gobble up bankrupt Winstar Communications, New Jersey-based telco firm IDT Corp. has outlined a cost saving plan that includes staff cuts and the scrapping of Winstar’s wireline telephone business. IDT said the Winstar subsidiary, which was acquired last December, would exit its wireline resale business entirely, exit […]

WLAN chipset maker Intersil Corporation on Sunday announced the acquisition of Elantec Semiconductor in a deal worth about $1.4 billion. The Irvine, CA-based Intersil, which provides system-level services for the wireless networking and communications analog markets, said the cash and stock deal is part of a move to expand into high-growth analog markets. Under terms […]

Even if its $17 million takeover deal for U.K competitor Virtual Internet plc. does not get shareholder approval, New York-based Register.com would assume total control of the .PRO registry, the 50-50 joint venture between he two companies. The cash transaction, which is awaiting 90 percent approval from Virtual Internet’s shareholders, would allow Register.com to handle […]

E-mail marketer Bigfoot Interactive has closed a $6 million Series C financing round led by Hudson Ventures, a new investor. Previous backers Flatiron Partners and JPMorgan Partners were among the investors in the latest round. Other participants included new investor Syndicat Technologies and returning investors HPJ Media Ventures, Constellation Ventures, Investcorp/(212) Ventures, Winfield Capital Corp., […]

On the verge of missing a $15 million interest payment due on junk bonds, Ziff Davis Media has negotiated a forbearance agreement with its bank lenders, freeing the company from its credit obligations for another two months. With its fate hanging in the balance, the cash-strapped media company announced the forbearance agreement would give it […]

The New York Times on Wednesday announced it would enter the job market recruitment space, a plan that includes online access to newspaper listings and a redesigned Web site. The newspaper said it would redesign the Job Market section of its Web site to offer related newspaper articles, company research, resume database, international listings, job […]

Online ad network and technology giant DoubleClick on Tuesday announced it would sell its money-losing European media unit to German competitor AdLINK, in a complex deal valued at approximately $27 million. The deal, which comes just one week after the surprise resignation of DoubleClick’s Global Media group president Barry Salzman, effectively creates a merger of […]

CBS-backed multimedia play Sportsline.com has called off a $2.5 million deal to acquire fantasy sports firm Sandbox.com, claiming breaches of the purchase agreement forced the move. Looking to beef up its own online marketing efforts, the Florida-based SportsLine.com agreed to the cash and stock deal in September but, in a tersely statement, the company said […]

NEW YORK — In a cramped corner of the Marriott Marquis theater in Times Square, Microsoft boss Bill Gates joined with 50 of the biggest names in the technology industry to start the ball rolling on the much-hyped launch of the Windows XP operating system. “XP was a dream that started a decade ago…Tomorrow marks […]

Now that the media model for Web telephone services has all but disappeared, Net2Phone, Inc. is moving full steam into the enterprise telco space, announcing a pact with Norway’s Telenor Global Services to route international calls on its Voice-Over Internet Protocol (Vo-IP) network. Less than a month after announcing a presence in Asia, the Newark, […]

Manhattan-based holding company Mickelberry Communications has purchased an 8.3 percent stake in Web marketer Leapnet, Inc. for about $840,000. According to documents filed with the SEC, Mickelberry increased its ownership stake in the struggling Chicago-based Leapnet by purchasing 484,200 shares of common stock, valued at $841,610. The acquisition was made with corporate funds. The chairman […]