Thor Olavsrud

Four members of ICG Communications Inc.’s executive management team resigned Monday as part of what the company described as “ongoing financial restructuring efforts.” The resignations come about three weeks after the telephone services and infrastructure provider filed for Chapter 11 protection with the U.S. Bankruptcy Court for the District of Delaware in the midst of […]

Sun Microsystems Inc. made a double-play Monday, snagging two companies to extend its offerings. Sun is fielding HighGround Systems Inc., which offers storage resource management solutions for open systems environments, in an all-stock transaction valued at about $400 million. It is also grabbing grapeVINE Technologies, a provider of collaborative knowledge management software, for an undisclosed […]

Sun Microsystems Inc. Tuesday is expected to unveil two new components of its Net Effect initiative geared at helping e-businesses manage services rather than servers. The components, Sun Cluster 3.0 and Sun Management 3.0, are part of its “Full Moon” clustering strategy and will help data-centers move away from traditional clustering to a more loosely […]

Internet brokerage firm Datek Online Holdings Corp. Friday reached the end of its six-month hunt for investors to buy out the 52 percent of the company owned by Jeffrey Citron, its former chief executive, and Sheldon Maschler, a former trader at the company. An investor group led by Bain Capital, and also including TA Associates […]

NEC Corp. Wednesday recalled nearly 300 notebooks containing Transmeta Crusoe processors due to a manufacturing glitch in the chips. On Thursday, Sony announced its own recall of 13,000 notebooks with the Crusoe chip as a precautionary move. Sony said there was only a very limited possibility of malfunctions. Transmeta supported the NEC recall but said […]

The University of Southern California’s Information Sciences Institute (ISI) Tuesday ceased administration of the .us domain, a country code top-level domain (ccTLD) similar to those used by Canada (.ca), Germany (.de), Norway (.no) and other countries. VeriSign Global Registry will temporarily assume administration of the domain until a permanent administrator is selected. VeriSign will administer […]

Juno Online Services Inc. Wednesday forged an agreement with Comcast Cable Communications Inc., making the Internet service provider the first, in theory, to provide competitive services on the cable owner’s network. The deal between the third largest ISP and the third largest cable owner in the nation is expected to culminate in the Philadelphia field […]

Broadcom Corp. apparently wasn’t full after Thanksgiving because it gobbled up yet another company Tuesday, making a total of 12 for the year. Tuesday’s acquisition was VisionTech Ltd., a supplier of digital video/audio MPEG-2 compression and decompression chips for Personal Video Recording (PVR), interactive video conferencing and IP video streaming. Broadcom will buy the Herzliya, […]

dELiA*s Corp., operator of online destinations targeted at the 13- to 24- year-old crowd, Tuesday moved to close its community site iTurf.com — an online community for teens — saying that a disproportionate amount of resources had been dedicated to the site although it only represents a small percentage of the overall traffic to the […]

The past few months have been tough for broadband DSL services provider Covad Communications, which is continuing to struggle in the face of the downward trend of the overall telecommunications market. Seeking to rein in costs, Covad said Monday it would lay off nearly 400 full-time employees, about 13 percent of its nationwide workforce. Other […]

Agilent Technologies Inc. Monday snapped up Objective Systems Integrators Inc., a provider of next-generation operations-support-system (OSS) software for communications service providers, in a cash deal valued at about $665 million. OSI designs, develops and markets OSS software that integrates and manages the provision of communications services in large-scale, multi-vendor environments. Its products are designed under […]

Telecom analysts RHK this week predicted that demand for high-speed Internet access will surge 300-fold over the next eight to 10 years. RHK’s study, commissioned by Nortel Networks, forecast the boom will be driven by increasing numbers of Internet users and increasingly complex applications and content. The report suggests that by July 2001, there will […]