Thor Olavsrud

Despite the backing of Kleiner Perkins Caufield & Byers, photo storage and display site Zing.com will close its doors on July 2. “It is with the greatest regret we must inform you that as of July 2, 2001, Zing.com will no longer be available,” said Zing Network Inc. Chief Executive Officer David Ezequelle in a […]

Next time you’re strolling down the aisles of CompUSA, don’t expect to see Xerox Corp. inkjet printers on display. The venerable printing giant Thursday said it would jettison its small office/home office business segment as part of an effort to re-focus on its core business and turn the company around. Xerox President and Chief Operating […]

Boeing Co. on Wednesday said it has partnered with the three largest U.S. carriers — AMR Corp.’s American Airlines, UAL Corp.’s United Airlines and Delta Airlines Inc. — to provide millions of worldwide airline passengers each year with two-way broadband connectivity to e-mail, the Internet, and other in-flight services using Boeing’s airborne ISP known as […]

Finland’s Nokia Tuesday warned that it would downwardly revise its estimates for the second half of 2001, citing signs that the economic slowdown in the U.S. is extending to other regions. Based on the first two months of the current quarter, the firm said it now anticipates year-on-year sales growth in second quarter 2001 to […]

Sony Computer Entertainment Inc. (SCEI) and RealNetworks Inc. Tuesday expanded the relationship they first announced at the E3 Game Expo in May. At E3, the two unveiled plans to embed RealPlayer 8 and other RealNetworks client technologies on Sony’s PlayStation 2 game console. On Tuesday the companies went a step further and revealed plans to […]

Buenos Aires-based Internet media firm El Sitio Inc. — which targets Spanish and Portuguese speakers in Latin America and the U.S. — Monday moved forward with a plan to cut away its non-core services and focus enhancing its Internet network and the development of interactive content. El Sitio Monday said it sold its Argentinean connectivity […]

San Diego-based enterprise software maker Peregrine Systems Monday moved to acquire IT Service Management and Customer Relationship Management (CRM) provider Remedy Corp. in a cash and stock transaction valued at $1.08 billion based on Remedy’s closing price Friday. Peregrine said the acquisition, which has already been approved by the boards of both companies, will extend […]

Leading cable broadband provider Excite@Home Friday pulled back from an April decision to outsource the operations and engineering of its network to majority shareholder AT&T. The deal was part of a plan engineered by former @Home Chairman and Chief Executive Officer George Bell to restore the company to financial health. The plan consisted of four […]

AT&T Corp.’s Board of Directors Friday voted to spin off AT&T Wireless as a separate independent company on July 9, 2001. The company will redeem AT&T Wireless tracking shares and convert them into AT&T Wireless common stock on a one-for-one basis. The board also decided to issue a dividend of AT&T Wireless common stock to […]

It is easy to think of the Internet as something that is “out there” somewhere and that it belongs to everyone — at least everyone with a connection. Theoretically, anyone with a connection can access any part of the Internet that they desire. But that is an illusion — a convincing illusion — that was […]

Leading cable broadband provider Excite@Home in late April tapped Sprint veteran Patti S. Hart to serve as chairman and chief executive officer — charging her with executing on the company’s renewed focus on its broadband franchise and scaling back its media operations. After a little more than a month sizing up @Home and staying out […]

Rochester, NY-based Eastman Kodak Co. Monday completed the acquisition of Emeryville, Calif.-based Ofoto Inc. Kodak announced the acquisition on April 30, with the intention of making Ofoto’s technology the cornerstone of its Internet imaging infrastructure and service offerings. “The closing of the transaction is a win for both our retail customers and consumers,” said Willy […]